Speculators, compliance entities keep California carbon holdings steady amid price climb
WCI compliance entities and speculators made minimal changes to their net long California Carbon Allowance (CCA) holdings during the past week despite prices rising on the secondary market, according to US Commodity Futures Trading Commission (CFTC) data released Friday.
Read MoreLCFS Market: California prices hit 2-month low on continued lack of demand
California Low Carbon Fuel Standard (LCFS) credit prices sank past the $200 level this week as buyers continued to wait for the market to fall further and despite higher gasoline production in the Golden State.
Read MoreMaine pushes back approval of post-2020 RGGI regulation
Maine’s Department of Environmental Protection (DEP) is aiming to finalise its post-2020 RGGI regulation next month after failing to meet internal deadlines for an upcoming July committee meeting, an official told Carbon Pulse.
Read MoreNA Markets: CCAs rise on limited buying, RGGI stagnates above post-2020 reserve tier
California Carbon Allowance (CCA) prices rose to a nearly six-week high this week despite continued expectations that future quarterly sales will go undersubscribed, while RGGI Allowances (RGAs) stagnated above the 2021 Emissions Containment Reserve (ECR) trigger price.
Read MoreNew York hedge fund opens new RGGI account
A New York-based hedge fund opened a new CO2 Allowance Tracking System (COATS) account in the Northeast US RGGI market this week amid rising prices in the power sector ETS, data shows.
Read MoreSan Diego County declines appeal of voluntary offset plan restriction
The County of San Diego’s Board of Supervisors voted this week against challenging a court ruling that banned a voluntary offset programme for rural housing developments, leaving the jurisdiction to forge a new plan.
Read MoreIMO policy should establish higher GHG reduction threshold for biofuels than CORSIA -report
The International Maritime Organization (IMO) should model its plan to decarbonise the global shipping sector on the CORSIA programme for aviation, but it should go further than its fellow UN body ICAO in setting a more ambitious carbon reduction target for sustainable fuels, according to a report published this week.
Read MoreGerman govt launches tender to buy 431k CERs
The German government has launched a tender to buy 431,300 CERs to offset the emissions from a series of activities including those associated with its EU Council presidency.
Read MoreCalifornia’s ARB discovered non-compliance issues at Wisconsin offset project in early 2020 -documents
California regulator ARB sought confirmation earlier this year from Wisconsin officials about whether compliance issues at a dairy farm were waste related, leading the agency to launch an offset investigation in June, according to emails obtained by Carbon Pulse.
Read MoreANALYSIS: Canadian Clean Fuel Standard seen withstanding carbon intensity target changes, delays
Recent alterations to the emission reduction goals and publication schedule of the Canadian Clean Fuel Standard (CFS) will not threaten its environmental performance, but numerous programme design elements warrant further attention and analysis before the policy’s 2022 launch, stakeholders and researchers told Carbon Pulse.
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