Brazil president’s ETS language incorporated into advanced Senate carbon trading bill
Language from Brazilian president Luiz Inacio Lula da Silva’s draft emissions trading system proposal was incorporated into an already-existing carbon trading bill in the Senate on Monday, with experts noting some potential tailwinds and challenges for the legislation’s passage.
Read MoreRGGI Market: RGA prices gain slightly on speculator interest in programme review, “noise”
RGGI Allowance prices climbed by double digits this past week as a combination of speculator interest in the Third Program Review and one entity adjusting positions bumped up values.
Read MoreProducers buy CCAs and sell RGGI, speculators shorten positions across the board
Regulated parties picked up California Carbon Allowances (CCAs) heading into the WCI Q3 auction and sold off RGGI Allowances (RGA), while speculators let go of permits in both markets, data from the US Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreWCI Markets: CCAs drop ahead of auction, WCAs climb towards record highs after reserve sale
California Carbon Allowances (CCAs) declined heading into Wednesday’s Q3 auction as entities geared up to buy volume, while Washington Carbon Allowances (WCAs) lifted this week following the publication of results from the sold-out reserve sale.
Read MoreFirst-ever Washington carbon reserve auction sells out both allowance tiers
The first-ever Allowance Price Containment Reserve sale in Washington state’s WCI-modelled cap-and-trade programme sold all permits in both tiers, according to results published Wednesday.
Read MoreOil company Occidental buys direct air capture firm Carbon Engineering for $1.1 bln
Houston-based oil and gas firm Occidental has purchased the Canadian direct air capture (DAC) company Carbon Engineering through a subsidiary for $1.1 billion, the entities announced Tuesday.
Read MoreCarbon investor’s net-settlement less than $1 per credit from REDD+ project sold in Q2
Tens of thousands of credits from a Brazilian REDD+ projects were sold by a Toronto-headquartered voluntary carbon market financier for a net-settlement of less than $1 per unit during this year’s second quarter, an investor call heard Tuesday.
Read MoreCompliance entities, financial players part with CCAs and RGAs amid July expiry
Emitters continued to favour this year’s California Carbon Allowance (CCA) vintage contract as prices went on a wild ride this week, while both speculators and producers reduced their RGGI Allowance (RGA) holdings, data from the US Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreWCI Markets: CCAs recoil after record-setting rally, WCAs inch higher again
California Carbon Allowances (CCAs) experienced a rollercoaster ride in recent days as prices surged on potential cap-and-trade budget cuts and subsequently unwound on profit-taking and auction positioning, while Washington Carbon Allowance (WCA) values once again climbed ahead of the programme’s permit reserve sale next week.
Read MoreRGGI emissions continue slide in Q2, as Mid-Atlantic states boost cuts
The Northeast and Mid-Atlantic US RGGI power sector cap-and-trade system saw CO2 emissions decline once again during the second quarter due to sizable abatement at facilities in Maryland and New York, programme data showed Tuesday.
Read More