WCI raises Q3 auction volumes compared to May sale
After last month’s undersubscribed Q2 permit sale, California-Quebec increased the number of allowances available at the joint WCI third quarterly permit sale of 2025, regulator ARB said in a Friday notice.
Read MoreOregon lawmakers greenlight preference for low carbon investments in $101 bln state pension fund
Legislation directing Oregon’s $101 billion public retiree fund to reduce the carbon intensity (CI) of its investment portfolio in line with the treasurer’s net zero emissions by 2050 target passed the State Senate Monday.
Read MoreResearchers advocate multi-pollutant cap-and-trade model
A multi-pollutant permit model offers a more “holistic approach” to air quality management for policymakers and incentivises decarbonisation, according to a new brief published Monday.
Read MoreOcean carbon removal US startup announces domestic manufacturing facility
In an effort to scale domestic production capabilities, a CO2 direct ocean capture (DOC) technology company announced plans on Tuesday for new headquarters and a commercial manufacturing facility.
Read MoreEPA readies approval of CO2 storage well primacy authority for US oil state
The US EPA announced Monday it plans to approve a sixth state for authority to permit underground CO2 injection wells.
Read MoreUPDATE – RGGI Market: Q2 allowance sale settles sub-$20, along market expectations
The second RGGI cap-and-trade auction of 2025 settled in line with RGGI Allowances (RGAs) in the secondary market the day before the sale, and below $20 as many market participants had expected.
Read MoreWCI Markets: CCAs subdued amidst subsurface churn
California Carbon Allowances (CCA) held steady despite heavy futures and options volumes as the market awaits resolution of federal and regulatory risks, while Washington Carbon Allowance (WCA) prices declined into the Q2 auction.
Read MoreLarge hedge fund parts ways with North American environmental products head
The North American head of an environmental trading desk with a US-headquartered multinational hedge fund has left the firm, Carbon Pulse has learned.
Read MoreUS Transportation department puts California’s high-speed rail on notice of potential loss of $4 bln federal funding
The US Department of Transportation (DOT) released a report Wednesday finding California’s high-speed rail project to be in default of the terms of two federal grants totalling roughly $4 billion.
Read MorePREVIEW: Traders expect settlement around front-month futures, analysts foresee reserve release at Q2 Washington auction
Traders said they expected the Q2 sale on Wednesday to clear within a $1-2 range of front-month Washington Carbon Allowances (WCAs), while most analysts projected the potential for a higher settle that would release reserve volumes.
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