Massachusetts June GWSA auctions reach historic levels
Massachusetts’ power sector Global Warming Solutions Act (GWSA) auction last week for current vintages cleared at its highest level in over two years, while advanced vintages settled at a record price, according to results published Monday.
Read MoreRGGI Market: RGAs grind nearly 5% higher as summer season arrives
RGGI Allowance (RGA) prices rose just under 5% last week amid anticipation of stronger demand driven by summer weather forecasts as well as tight supply, traders said.
Read MoreCFTC: Traders boost V25 CCA holdings in futures only market, build RGA shorts post auction
Both emitters and investors increased their V25 California Carbon Allowance (CCA) net length in the futures only market, contrasting with activity in the combined futures and options segment, while adding RGGI Allowance (RGA) short interest in the aftermath of the Q2 auction, US Commodity Trading Futures Commission (CFTC) data published Friday showed.
Read MoreWCI Markets: Extension delay talks barely dent CCA prices, WCAs frame higher following Q2 sale
California Carbon Allowance (CCA) prices dipped slightly over the week as state lawmakers proposed deferring cap-and-trade extension to a regular legislative process, while Washington Carbon Allowance (WCA) values rose in the aftermath of the Q2 auction that settled above futures on the secondary market.
Read MoreCalifornia offset issuance drops to just over 7k, invalidation expiry soars
California regulator ARB issued just over 7,000 offset credits over the latest two-week stretch as the invalidation period of over 800,000 units expired, according to state data released Wednesday.
Read MoreUPDATE – Washington Q2 auction settles $3 above front-month futures, but fails to trigger reserve volumes
Washington’s second quarterly auction of 2025 cleared over $3 above front-month Washington Carbon Allowance (WCA) future prices the day before the sale, reaching the highest settlement since the end of 2023 but failing to trigger the release of reserve volumes, according to a notice published Wednesday.
Read MoreFederal court denies Brazilian prosecutors’ request to suspend Para’s $180 mln J-REDD+ deal
A federal court on Monday denied Brazilian prosecutors’ request to urgently suspend the state of Para’s $180 million jurisdictional REDD+ (J-REDD+) deal with a coalition of national governments and corporates, according to a press release.
Read MoreLatin America asset manager’s Brazilian reforestation fund reaches R$100 mln
The Brazilian arm of a Latin American alternative asset manager announced this week its reforestation fund has raised R$100 million ($18 mln), while its CEO teased further investments to local media.
Read MoreBrazilian state completes consultations for J-REDD+ benefit sharing update
A Brazilian state recently completed a series of regional consultations with Indigenous and traditional communities to update benefit sharing under a jurisdictional REDD+ (J-REDD+) programme.
Read MoreCFTC: Producers add CCA net length, slash exposure in RGGI between auctions
Compliance entities increased their California Carbon Allowance (CCA) holdings on a net basis and reduced RGGI Allowance (RGA) exposure as the WCI second quarterly carbon permit sale concluded while that for the Northeast market neared.
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