WCI Markets: CCAs lurch towards auction floor amidst heavy selling, WCAs show resilience
California Carbon Allowances (CCA) fell below the 2025 price floor amidst strong front-end selling and political uncertainty around the future of the state’s cap-and-trade programme, while Washington Carbon Allowances (WCAs) gained value in thin markets despite the threat of legal action from the federal government, traders said.
Read MoreApproach to international climate diplomacy “fundamentally different” under Trump 2.0 -former US official
The second administration of US President Donald Trump is showing a stronger shift away from international climate action in its diplomatic efforts, a former Biden-era official said at a Wednesday press briefing.
Read MoreAdvancing remote sensing, methodology standardisation could improve forest offset MRV -panellists
Accelerating the use of remote sensing technologies and standardisation of requirements between carbon credit methodologies could help improve monitoring, reporting, and verification (MRV) practices for forestry offset projects, experts said at a Tuesday panel.
Read MoreUPDATE – Verra releases BECCS module under CCS methodology
Voluntary carbon market (VCM) standard Verra released Tuesday a new module for bioenergy with carbon capture and storage (BECCS) under its carbon capture and storage (CCS) methodology.
Read MoreCFTC: Investors shorten exposure to US compliance carbon markets under threat of potential federal legal action
In the wake of potential federal action to terminate state-led cap-and-trade schemes, investors reduced net length across most US compliance carbon markets, with the exception of V26 California Carbon Allowances (CCA), latest figures from the Commodity Futures Trading Commissions (CFTC) showed Friday.
Read MoreRGGI Market: RGAs recover 15% WoW after historic tumble
RGGI allowance (RGA) benchmark futures gained over 15% week-on-week after a historic selloff but gave back some gains Monday amidst broader macro weakness and as the focus returns to fundamentals.
Read MoreWCI Markets: Lawmakers’ support for ETS extension boosts CCAs, but scepticism lingers
A joint statement released by California’s governor and lawmakers supported California Carbon Allowance (CCA) prices that were dampened after the federal government announced intent to terminate state-level ETS, but overall market sentiment remained wary in the absence of clarity surrounding the future of the scheme.
Read MoreBrazilian prosecutors demand cancellation of Para’s $180 mln J-REDD deal
Brazilian public prosecutors issued a recommendation recently to cancel the state of Para’s $180 million deal for the sale of jurisdictional REDD (J-REDD) credits, saying the agreement violates national law.
Read MoreBrazil to propose international carbon market integration at COP30 -official
Brazil will present a proposal to integrate carbon markets worldwide when it hosts the COP30 UN climate conference in November, a senior government official said Friday.
Read MoreCarbon project financier sues former execs, claiming over $45 mln in damages as ex-CEO plans defence
A Toronto-based carbon project financier filed legal action Monday claiming over $45 million from several former executives and consulting companies for alleged breaches of fiduciary duty, fraudulent misrepresentation, and unjust enrichment, charges the former CEO has denied.
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