RGGI Market: RGAs recede from record high above $30
RGGI Allowance (RGA) futures set a record high settlement before speculator-driven selling brought prices back down on the week, traders said.
Read MoreCORRECTION – CFTC: Managed money grows RGAs as prices hit $30
Managed money extended its net long RGGI allowance (RGA) position as the benchmark contract settled above $30 for the first time on ICE, while trimming California Carbon Allowance (CCA) holdings during the Apr. 1-7 CFTC period.
Read MoreRenewable diesel drives California’s fuel emissions cut progress as gasoline lags -analysis
California is ahead of its diesel-related GHG reduction targets but falling further behind on gasoline, according to a consultancy analysis.
Read MoreWCI Markets: CCAs inch to new YtD low as market eyes ARB rulemaking package
California Carbon Allowances (CCAs) sank to a new year-to-date (YtD) low before recovering slightly, as traders said the market was drifting sideways pending major regulatory updates seen key to next month’s WCI Q2 auction.
Read MoreProlonged Middle East conflict to drive carbon emissions surge despite long-term drop -analyst
A prolonged Middle East energy supply disruption would increase near-term coal use and emissions before accelerating a long-term shift towards energy independence led by renewables and nuclear power, an energy consultancy warned on Wednesday.
Read MoreWCI compliance instrument surplus builds in Q1
The WCI compliance instrument surplus built in Q1 as the market entered the final year of the fifth compliance period, state data showed.
Read MoreRGGI Market: RGAs retreat from YtD highs after Q1 auction
RGGI Allowance (RGA) future prices swung sharply last week, continuing to climb to a year-to-date (YtD) high before giving back those gains over the last two trading sessions, as traders pointed to speculative activity as a driver of the volatility.
Read MoreCFTC: Producers, managed money move in different directions in CCAs, RGAs
Emitters extended their net long position in California Carbon Allowances (CCAs) and expanded their net short in RGGI Allowances (RGAs), while investors did the opposite, and both groups reduced their net short in Washington Carbon Allowances (WCAs) after weaker-than-expected Q1 auction results, the latest US Commodity Futures Trading Commission (CFTC) data showed.
Read MoreWCI Markets: Front-month CCAs continue to trade below price floor amid uncertainty, quietness
Front-month California Carbon Allowance (CCA) futures settled below the 2026 price throughout the last week as programme uncertainty and costs concerns continued to cast a shadow over the market, traders said.
Read MoreOffshore CCS hubs risk hundreds of billions in US taxpayer exposure -analysis
Gulf Coast carbon capture and storage (CCS) hubs could leave US taxpayers paying for hundreds of billions in federal subsidies while deploying technology untested at the scale proposed, a new analysis said.
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