Brazil’s Supreme Court declares mandate for insurers to invest in carbon credits unconstitutional
Most of the ministers of the Brazilian Supreme Federal Court (STF) voted to strike down the mandate for insurance companies to invest in carbon credits.
Read MoreWCI Markets: CCAs remain at four-month highs as wait for ARB vote on proposed ETS updates goes on
California Carbon Allowance (CCA) futures remained elevated at four-month highs as state regulator ARB’s Thursday hearing adjourned until the following day without a vote on proposed Cap-and-Invest Program updates.
Read MoreFEATURE: Canadian federal benchmark must mirror Alberta carbon pricing deal
Canada must tread lightly when updating its industrial carbon pricing act as Alberta’s new framework opens the programme to potential legal challenges, said experts.
Read MoreCORRECTION – California issues more than 75k offset credits without DEBs
The California regulator issued fewer than 75,500 compliance-grade offsets over the most recent reporting period, with no direct environmental benefits (DEBs) to the state, according to data released on Wednesday.
Read MoreAlberta releases draft update of CCS quantification protocol for public comment
Alberta is seeking public comment on proposed updates to its carbon capture and sequestration (CCS) quantification protocol that would let eligible direct air capture (DAC) projects account for low-carbon electricity, while clarifying how removal credits and storage reversals would be handled under its large-emitter system.
Read MoreQ2 WCI carbon auction sells out near $29
The Q2 California-Quebec carbon auction last week sold out above the 2026 price floor but a bit below the $29 mark, within the expectations of most market participants, according to a notice published Wednesday.
Read MoreRGGI Market: RGAs remain elevated amid lighter activity
RGGI Allowance (RGA) futures remained in the upper $40s ahead of next week’s Q2 auction after a late spike on Tuesday while a quarterly market monitoring report showed compliance-oriented entities holding allowances in excess of their outstanding obligations at the end of Q1.
Read MoreCFTC: Producers expand, financial institutions continue pull back in CCAs, RGAs
Emitters and financial players appear on opposite sides of the fence following the latest US Commodity Futures Trading Commission (CFTC) reference period, with each shortening and lengthening their positions, respectively for overall net holdings in California Carbon Allowances (CCAs) and RGGI Allowances (RGAs), data showed.
Read MoreRGGI emissions surge 16% YoY in Q1, data shows
Verified emissions reported under US Northeast and Mid-Atlantic power sector cap-and-trade scheme RGGI skyrocketed 16% year-on-year (YoY) in Q1, according to recently updated programme data.Â
Read MoreWCI Markets: CCAs hit four-month highs ahead of ARB rulemaking vote
California Carbon Allowance (CCA) futures continued to creep higher over the last week, hitting four-month highs above $30 in the lead-up to Wednesday’s Q2 auction and next week’s vote on planned programme updates.
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