UPDATE – RGGI Market: Q1 auction clears in line with secondary market and trader expectations, CCR sold out
The first 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, with Cost Containment Reserve (CCR) volumes cleared out.
Read MoreWCI Markets: ARB’s latest ISOR tangle crushes CCAs again, WCAs ride high post Q1 sale
California regulator ARB shifting goalposts in releasing the Initial Statement of Reasons (ISOR) signalling formal ETS rulemaking once again pummelled California Carbon Allowances (CCA) prices, while Washington Carbon Allowances (WCA) gained momentum after a strong first quarterly permit sale earlier this week.
Read MoreUPDATE – WCI Markets: CCAs slammed after ARB quietly shifts goalposts for ETS updates on website
California Carbon Allowances (CCA) in the secondary market sold off after hours Wednesday in response to cap-and-trade programme regulator ARB quietly shifting the goalposts of completing proposed ETS updates on their website without an official notice to participants.
Read MoreUS EPA takes wrecking ball to environmental regulation
The administrator of the US EPA announced Wednesday the rollback of 31 regulatory actions, reversing core foundations of the nation’s environmental policy crafted under prior administrations.
Read MorePREVIEW: RGGI Q1 allowance sale battered sub-$20 amidst US-Canada tariff tit-for-tat uncertainty
Market participants and analysts largely expect RGGI’s first quarterly permit sale to clear sub-$20 amid ongoing macro uncertainty from US-Canada tariff-driven volatility and lack of regulatory clarity.
Read MoreUS EPA terminates $20 bln GHG reduction programme grants
The administrator of the US EPA announced Tuesday that the agency was pulling $20 billion in awards towards GHG reduction schemes from federal grant recipients following a review into alleged financial mismanagement.
Read MoreBipartisan US lawmakers seek repeal of 45Q CCS tax credits
US lawmakers from both sides of the aisle have reintroduced legislation to repeal 45Q tax credits that have become a negotiating tool to avoid a looming government shutdown this week.
Read MoreRGGI Market: Double whammy bearish drivers pressure prices
RGGI allowances (RGA) in the secondary market took a beating from a combination of pre-auction positioning and a macro market sell-off on Monday that dragged prompt prices sub-$20 ahead of the Q1 auction on Wednesday.
Read MoreCFTC: Investors build CCA, RGGI length but retreat from LCFS amid regulatory hiccups
Investors built California Carbon Allowance (CCA) and RGGI Allowance (RGA) exposure but exited Low Carbon Fuel Standard (LFS) length on regulatory uncertainty over the week, according to latest figures from the US Commodity Futures Trading Commission (CFTC) on Friday.
Read MoreVirginia circuit court reverts to temporary RGGI halt until state appeals
A Virginia county circuit court that had ruled the state’s RGGI’s repeal unlawful last year, suspended its earlier decision, giving the government time to appeal the ruling.
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