Dan McGraw « Carbon Pulse

Articles by: Dan McGraw

Massachusetts GWSA carbon market emissions surge again in Q2, as YTD trend points to surplus draw

Published 16:26 on August 2, 2021 / Last updated at 16:53 on August 2, 2021 / Dan McGraw / Americas, US

Emissions regulated under Massachusetts’ Global Warming Solutions Act (GWSA) cap-and-trade programme soared for the second consecutive quarter as the removal of coronavirus restrictions led to an uptick in power demand, according to data.

Speculators add to California carbon positions, regulated entities trim holdings

Published 21:24 on July 30, 2021 / Last updated at 21:24 on July 30, 2021 / Dan McGraw / Americas, Canada, US

WCI speculative firms bolstered their California Carbon Allowance (CCA) positions this week as prices declined on the secondary market, while emitters cut their net holdings for the first time in two weeks, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

RGGI Q2 emissions surge as COVID-19 restrictions lifted

Published 18:02 on July 30, 2021 / Last updated at 18:15 on July 30, 2021 / Dan McGraw / Americas, US

CO2 emissions rose significantly over the second quarter for emitters regulated in the Northeast US RGGI cap-and-trade programme as COVID-19 precautions were eased, with the cumulative six-month figure running close to estimated compliance holdings after the June auction.

UPDATE – Major California-based financial firm opens new carbon funds

Published 14:16 on July 30, 2021 / Last updated at 18:34 on July 30, 2021 / Dan McGraw / Americas, Canada, US

A multi-trillion dollar investment firm opened two funds on Thursday that appeared to focus on California Carbon Allowances (CCAs), according to US Securities and Exchange Commission (SEC) data.

NA Markets: CCAs decline further on pre-auction trading, RGGI rises closer to $9

Published 22:49 on July 29, 2021 / Last updated at 22:49 on July 29, 2021 / Dan McGraw / Americas, Canada, US

California Carbon Allowance (CCA) prices dropped further this week as traders began to turn their attention to next month’s quarterly WCI sale, while RGGI Allowance (RGA) values climbed closer to the $9 level on heightened speculative interest.

RGGI speculative firm opens new account, eyes California offset market

Published 16:36 on July 28, 2021 / Last updated at 16:36 on July 28, 2021 / Dan McGraw / Americas, Canada, US

A Texas-based hedge fund opened a RGGI CO2 Allowance Tracking System (COATS) account on Wednesday, with the firm having been linked to two previous speculative accounts under a different name.

California gasoline consumption continues steadily rise toward pre-pandemic levels in April

Published 14:57 on July 27, 2021 / Last updated at 14:57 on July 27, 2021 / Dan McGraw / Americas, Canada, US

California gasoline usage increased for the second consecutive month in April, as consumer demand continues to skew back towards pre-COVID levels amid fewer state-level restrictions, according to state data released this week.

Rising gas prices yield higher coal generation in RGGI region, as Q2 emissions ramp up

Published 17:17 on July 26, 2021 / Last updated at 17:17 on July 26, 2021 / Dan McGraw / Americas, US

Higher natural gas prices are bringing coal-fired units online in the Northeast US RGGI cap-and-trade programme, while preliminary emissions data shows significant increases year-on-year over the second quarter as consumer behaviour returned to pre-pandemic levels.

WCI speculative holdings rise as emitters add length for 2nd straight week

Published 21:28 on July 23, 2021 / Last updated at 21:28 on July 23, 2021 / Dan McGraw / Americas, Canada, US

WCI speculative firms added to their California Carbon Allowance (CCA) position over the past week, as emitters slightly increased their holding over the period to mark the second consecutive week-on-week gain, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

California natural gas generation rises in 2020 as power demand slumps

Published 22:52 on July 22, 2021 / Last updated at 22:52 on July 22, 2021 / Dan McGraw / Americas, Canada, US

California electricity consumption declined to a near-term low in 2020 as a result of the COVID-19 pandemic, but natural gas-fired generation still increased over the past year due to a drop in hydroelectric capacity, according to state figures.