RGGI Market: RGAs stagnate as traders await catalysts
RGGI Allowance prices barely budged over the past week as a sympathy trade with California Carbon Allowances vanished, and in the absence of fundamental drivers from weather and regulatory developments.
Read MoreNew York faces distinct advantages, drawbacks in aligning cap-and-invest programme with RGGI -expert
New York’s continued participation in the power sector RGGI carbon market would aid the development of the state’s economy-wide cap-and-invest system by ensuring programme stability and fostering greater regional climate ambition, though separating from RGGI could yield a larger in-state emissions cap and avoid multiple carbon prices, an expert said Thursday.
Read MoreUS govt awards $13 mln to support carbon removal projects
US President Joe Biden’s administration on Wednesday announced it has invested over $13 mln in nearly two dozen carbon dioxide removal (CDR) projects across a variety of different technologies.
Read MoreCalifornia offset issuance exceeds 250 mln with new large forestry project, as DEBs credit spread blows out past $10
All-time California Carbon Offset (CCO) issuances surged past the 250 million mark this week as a new improved forest management (IFM) project earned a significant credit batch, according to state data published Wednesday, while the price premium credits with direct environmental benefits to the state (DEBs) rose into the double digits.
Read MoreBrazilian president’s ETS proposal foresees auctions, UN carbon trading interaction
A cap-and-trade programme devised by Brazilian President Luiz Inacio Lula da Silva’s administration will feature design elements such as auctions and price stability mechanisms, as well as automatically allow UN offsetting methodologies to generate compliance credits under the regime, according to a draft proposal seen by Carbon Pulse.
Read MoreLCFS Market: California credits rebound past $80 as sellers exit ahead of workshop
California Low Carbon Fuel Standard (LCFS) credit values increased to nearly two-month highs in recent days as sellers disappeared and market participants prepared for the release of updated modelling inputs that will be used to evaluate strengthening the programme in a forthcoming rulemaking.
Read MoreNew platform launches to bring “radical transparency” to voluntary carbon market
A new firm announced a voluntary carbon market listing platform on Monday to accelerate credit supply development by rectifying what it says is the current “information asymmetry” that is stifling growth and trust in the sector.
Read MoreRGGI Market: RGAs recede to 2.5-week low as California carbon rally subsides
RGGI Allowance prices fell back from eight-month highs this week in what market participants attributed to a continued sympathy trade with California Carbon Allowances, as well as a lack of fundamental demand specific to the power sector cap-and-trade system.
Read MoreBrazil development bank cancels voluntary carbon purchase plans from credit tenders
Brazil’s development bank BNDES on Friday announced that it has scrapped its plan to purchase tens of millions of dollars in voluntary carbon credits from two tender processes last year as the institution restructures its support for the market.
Read MoreCalifornia carbon fund managers depart for voluntary market positions
A pair of investors in the California Carbon Allowance (CCA) market in recent weeks have departed for firms primarily focused on the voluntary credit space, Carbon Pulse has learned.
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