UPDATE – California boosts free allowances to EDUs in 2025
California’s electricity distribution utilities (EDUs) are the only major group receiving higher free allowances in 2025 compared to 2024 allocation in the WCI cap-and-trade programme, according to a notice from regulator ARB.
Read MoreLarge US-focussed carbon ETF liquidates almost 60% of CCA holdings
A US-listed carbon ETF has reduced almost 60% of its California Carbon Allowance (CCA) holdings on Monday, its website records showed Tuesday.
Read MoreRGGI Market: “Overpriced” RGAs hold more than $1 above Q4 weak auction settlement
RGGI Allowances (RGA) in the secondary market reverted up from a heavily discounted permit sale mid-week for the closing quarter of 2024, with traders anticipating further downside and regulatory updates to inform year-end direction.
Read MoreRGGI Q4 auction clears more than $2 below secondary market, mild spec involvement
The last RGGI cap-and-trade auction of 2024 cleared at a $2.35 discount to RGGI Allowances (RGAs) in the secondary market the day before the sale, and at the low end of market expectations for a discounted settlement, with limited participation from financial entities, according to results published Friday.
Read MoreAlberta pitches province open for AI data centre investment
Alberta released its strategy Wednesday, which aims to attract AI data centre investment, availing of the Canadian province’s natural resource abundance, power-generating capabilities, cool climate, and business-friendly regulatory environment.
Read MoreFirst Nations plan legal challenge against Canada’s carbon tax
A coalition of First Nations has announced its intention to file legal action against Canada’s carbon tax, claiming the federal government breached their duty to consult the groups when instituting the carbon pricing scheme.
Read MoreUS DAC company raises $150 mln in Series B funding to scale technology
A California-based direct air capture (DAC) company announced on Wednesday $150 million in funding from a range of industrial and venture capital investors aiming to drive down costs of the technology.
Read MorePREVIEW: Programme review uncertainty tempers RGGI Q4 auction expectations
Traders expect RGGI’s last permit sale to clear discounted or near secondary market prices, with mild involvement from financial entities given uncertainty on programme review next steps.
Read MoreWCI, Washington release expected 2025 auction dates and reserve prices
The California-Quebec joint carbon market and Washington’s cap-and-invest programme announced auction dates and reserve prices for 2025 on Monday, along with next year’s sale volumes.
Read MoreWashington funds study to assess state’s carbon removal needs
An interim draft report commissioned by the state identified six key strategies to assess CO2 removal (CDR) requirements to meet Washington state’s GHG reduction targets.
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