WCI Markets: CCAs back off from recent highs
Trading of California Carbon Allowances (CCAs) slowed following the high of regulator ARB’s recent vote on proposed Cap-and-Invest programme changes, while Washington Carbon Allowance (WCA) prices and trading activity dipped into the Q2 auction results.
Read MoreINTERVIEW: Chile estimates implementation phase of two sectorial ETSs by 2030, test Article 6 allocation model
Chile has redefined its landmark baseline-and-credit schemes as emissions trading systems (ETSs) and is now evaluating articulation with the energy sector pilot, an official told Carbon Pulse, while seeing potential in Article 6 to channel investment into hard-to-abate sectors and leverage GHG reductions towards national targets.
Read MoreCalifornia doubles offsets in latest issuance, sees return of DEBs
The California regulator issued over 155,000 compliance-grade offsets over the most recent reporting period, including one project tagged with direct environmental benefits (DEBs) to the state, according to data released on Wednesday.
Read MoreQ2 Washington auction clears at less than $1 below APCR trigger
The recent Q2 Washington current carbon auction cleared at less than $1 below the 2026 Allowance Price Containment Reserve (APCR) Tier 1 trigger, within traders’ and analysts’ expectations ahead of the sale, a Wednesday notice showed.
Read MoreFEATURE: Developers brace for Mexico-first carbon market after government signals
Mexican carbon project developers are increasingly preparing for a future in which domestic climate goals and the country’s emissions trading system (ETS) take precedence over international carbon credit exports, following fresh signals from the government that authorisations for overseas use may not be a near-term priority.
Read MoreRGGI Market: RGAs fall below $40 following Q2 auction, states’ intention to begin affordability process
RGGI Allowance (RGA) futures dropped below the $40 mark on Monday following Friday’s plunge after the release of Q2 auction results at the lower end of expectations and participating states saying they intend to begin a processing to consider “targeted measures” to address affordability.
Read MoreMexico still debating key ETS design elements ahead of operational launch -official
Mexican authorities are still negotiating core elements of the country’s emissions trading system (ETS) ahead of the envisioned start of its operational phase, an official told attendees at the Latin America Climate Summit (LACS) recently.
Read MoreCFTC: Producers, managed money diverge across CCA, RGA holdings
Producers and financial players moved in opposite directions across the North American carbon credit schemes reported by the US Commodity Futures Trading Commission (CFTC), particularly in California Carbon Allowances (CCAs) and RGGI Allowances (RGAs).
Read MoreFutures fall as Q2 RGGI auction clears well below secondary prices, RGGI states say they’ll begin affordability process
The Q2 RGGI carbon auction cleared nearly $9 below secondary market prices ahead of the sale, sending futures prices plunging on ICE Friday morning as participating states said they intend to begin a process for considering targeted measures to protect energy affordability and reliability.
Read MoreVirginia should postpone RGGI return until at least 2027 to prevent utility rate spike -paper
Virginia should postpone its return to RGGI until at least 2027 to prevent a spike in utility rates, according to a paper published by a Washington DC-based think tank.
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