RGGI Market: RGAs rocket up 10% WoW on back of sustained volumes, depleted CCR
RGGI allowance (RGA) prices rocketed up over 10% week-on-week last week due to strong buying interest in light of the depletion of the Cost Containment Reserve (CCR) at the Q1 auction earlier this month, traders said.
Read MoreCalifornia transportation fuel emissions nudge down in 2024, despite December diesel rise
Transporation fuel emissions in California nudged down just over 1% year-on-year (YoY) in 2024, even as diesel consumption increased in December, state data published Friday showed.
Read MoreCFTC: Investors add record V26 CCA length, producers reduce RGGI exposure
Investors built their V26 California Carbon Allowance (CCA) net length while cutting more V25s, and producers pulled back their RGGI Allowance (RGA) exposure, according to latest weekly data released Friday by the US Commodity Futures Trading Commission (CFTC).
Read MoreSlight drop to available allowances at Q2 WCI auction
The California-Quebec joint WCI auction in May will offer a lower volume of allowances in the second quarterly sale of 2025 than it did in the first, according to a Friday notice from California regulator ARB.
Read MoreWCI Markets: CCAs retreat amidst ARB uncertainty, WCA market tightens
California Carbon Allowance (CCA) prices slipped from an early week bump as the market once again faced rulemaking delay-induced uncertainty, while Washington Carbon Allowances (WCAs) rose amidst ongoing tightness, traders said.
Read MoreCleaner US manufacturing advantaged in more carbon-conscious world of trade -report
US manufacturers are two times more carbon efficient than the world average, and are well-positioned to take advantage of an increasingly emissions-conscious world trade environment, according to a report.
Read MoreGlobal shipping stakeholders not expecting major breakthroughs at IMO’s April meeting
An upcoming meeting at the UN’s International Maritime Organization’s (IMO) is expected to yield small incremental gains rather than a finalised set of policies, said several industry stakeholders.
Read MoreEXCLUSIVE: Amazon launches carbon credit service for suppliers, companies
US-based tech giant Amazon has implemented a carbon crediting service to provide access to nature-based solutions and carbon removal (CDR) technology credits for qualified suppliers and companies, as the firm looks to support scaling the voluntary carbon market (VCM), a senior representative told Carbon Pulse in an exclusive interview ahead of the launch Wednesday.
Read MoreDominican Republic receives $85 mln for energy transition, envisions crediting
A multilateral investment fund unveiled recently a $85 million investment plan aimed at transforming the energy infrastructure of the Dominican Republican and generating transition carbon credits.
Read MoreCarbon offsets platform invests $1 mln into California biochar firm
A California-based carbon offsetting platform has investment $1 million into a Santa Rosa-headquartered biochar firm, it announced Friday.
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