Massachusetts GWSA emissions up 6% in Q1
Q1 electricity sector emissions reported under Massachusetts’s Global Warming Solutions Act (GWSA) carbon market rose 6% year-on-year (YoY) in Q1, recently updated data showed.
Read MoreUPDATE – Canada softens industrial carbon price trajectory, caps benchmark at C$100 through 2029
Canada’s federal government has announced a revised long-term industrial carbon pricing trajectory extending through 2040, with the headline carbon price rising from the current C$95/tonne to C$130 ($94.36) by 2035, before increasing annually by 1.5% until reaching C$140 in 2040.
Read MoreQuebec releases draft ETS rulemaking
Quebec released on Wednesday draft regulatory changes to its California-linked ETS for public consultation, with implementation now not expected until later this year.
Read MoreWashington May APCR sale clears again amid strongest bid-cover ratio since 2023
Washington’s May Allowance Price Containment Reserve (APCR) auction sold all of the almost 129,300 allowances available again amid the highest bid-to-cover ratio since the initial year of the programme, a notice published Wednesday showed.
Read MorePREVIEW: Settlement above price floor expected at Q2 WCI auction
Traders and analysts told Carbon Pulse ahead of Wednesday’s Q2 auction in the California-Quebec carbon market they generally expect a sellout slightly above the annual price floor, with some predicting potentially as high as $30 amid anticipation of a planned vote on regulatory updates next week.
Read MoreNew TIER scheme would add more than 200 Mt to Canada’s atmosphere by 2040 -think tank
Delaying carbon pricing hikes for Alberta’s Technology Innovation and Emissions Reduction Regulation (TIER) market would see Canada emit an additional third of its annual emissions by 2040, according to a think tank analysis.
Read MoreBrazil unveils proposed schedule for integrating obligated sectors under future ETS
Brazil’s Ministry of Finance (MF) published Tuesday a proposed schedule for the initial, gradual inclusion of regulated sectors under the country’s future emissions trading system (Portuguese: SBCE).
Read MoreLATAM Roundup: EU’s draft CBAM rules may be a boon for some in the region
Several Latin American countries are poised to benefit from the European Commission’s newly published rules for recognising domestic carbon prices, including carbon credits, paid before products are exported and subject to the EU’s Carbon Border Adjustment Mechanism (CBAM).
Read MoreRGGI Market: RGAs return to mid-$40s following affordability statement, ahead of Q2 auction
RGGI Allowance (RGA) futures prices moved back into the mid-$40 range after the market recovered from a programme statement asserting a commitment to affordability and as the Q2 auction approaches in a couple of weeks.
Read MoreBRIEFING: Recent RGA spike “disproportionately” bullish, but prices to ramp up in coming years -analysts
The recent spike in RGGI Allowances (RGA) is “disproportionately bullish” and will ease this year, but the long-term price outlook for the programme is still strong, a pair of analysts said at a webinar co-hosted by Carbon Pulse this week.
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