PREVIEW: Tempered expectations for Q2 WCI auction as federal risks unresolved
Market expectations for California-Quebec’s Q2 allowance sale clear were toned down as a result of the overhang of potential federal legal action and prolonged programme extension negotiations with state lawmakers.
Read MoreCDR buyer non-profit announces new fund aimed at recycling capital into further purchases
A US-based non-profit carbon removal (CDR) buyer revealed Tuesday the launch of a new fund aimed at recycling revenue from the sale of credits into further purchases, in a bid to help scale the nascent market.
Read MoreCalifornia power sector CO2 emissions dip in April as renewables hit almost year-long high
California power sector CO2 emissions dipped some 1.6% year-on-year (YoY) in April as the share of generation stemming from renewables hit an almost year-long high, state data published Friday showed.
Read MoreCFTC: Traders temper V25 CCA exposure, boost ACP, V26 net length
Compliance entities and investors reduced V25 California Carbon Allowances (CCAs) net length in favour of V26s, while raising net Auction Clearing Price (ACP) interest ahead of the second quarterly permit sale, data published Friday by the US Commodity Futures Trading Commission (CFTC) showed.
Read MoreArticle 6 Supervisory Body adopts standards for measuring emissions impact under PACM
The Supervisory Body for the Article 6.4 Mechanism (SBM) announced Friday it has adopted key new standards to guide how emission-reducing projects can measure their impact under the new Paris Agreement Crediting Mechanism (PACM).
Read MoreWCI Markets: Focus shifts to Q2 auction after California’s ETS extension package disappoints
California Carbon Allowances (CCA) weakened after market participants were disappointed that proposals to extend the ETS past its 2030 sunset date were scant on details, with traders turning their focus to next week’s second quarterly permit sale, while trade in Washington Carbon Allowances (WCA) remains illiquid.
Read MoreMicrosoft strikes deal with US carbon firm for 18 mln ARR credits
Global tech giant Microsoft and a California-headquartered carbon solutions provider have struck a deal for 18 million afforestation, reforestation, and revegetation (ARR) credits, according to a Thursday press release.
Read MoreARB’s 2025 YoY offset issuance edge narrows, despite new DEBs-tagged units
California regulator ARB’s 2025 year-on-year (YoY) advantage in issuances narrowed over the most recent bi-monthly issuance period, as a majority of new units were tagged with direct environmental benefits to the state (DEBs), state data published Wednesday showed.
Read MoreBRIEFING: Appellants contest RGGI repeal, justices question precedent in Pennsylvania Supreme Court
An executive agency and environmental groups in a Tuesday hearing in the Pennsylvania Supreme Court challenged a lower court’s declaration of the state’s RGGI participation as an illegal tax, while justices questioned appellants on wider constitutional issues involved.
Read MoreNew York’s 2026 state budget omits NYCI provisions
New York Governor Kathy Hochul (D) signed the state’s fiscal year 2026 budget Friday, which lacked provisions related to a planned cap-and-invest programme, known as NYCI.
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