Credit issuances under Colorado manufacturing GHG trading programme jump 70% in 2025
Credit issued under Colorado’s GHG trading regulation for industry jumped 70% in 2025 as the number of facilities receiving units under the programme increased, recently published state data showed.
Read MoreRGGI Market: Affordability announcement accelerates RGAs’ reversal from all-time peaks before prices pick back up into new week
RGGI Allowance (RGA) futures plunged 20% last week as the market reversed course from peaks above $50 and plummeted late in the period after market administrator RGGI Inc. issued a statement asserting the programme’s commitment to affordability, before prices bounced back up Monday closer to the $40 level.
Read MoreChile sees 61% dip in retirements for 2025 CO2 tax cycle
The third round of Chile’s offsetting provision (SCE) within its national ‘green tax on carbon’ has seen carbon credits retired under the levy fall after a meteoric rise in the 2024 tax cycle, even as the country’s first nationally-accredited project joins the pool.
Read MoreCFTC: Producers continue to add, speculators drop RGAs
Producers continued to pick up and managed money continued to drop RGGI Allowance (RGA) net holdings while both groups trimmed their length in California Carbon Allowances (CCAs), the latest US Commodity Futures Trading Commission (CFTC) data showed.
Read MoreNew York lawmakers strike budget deal to see GHG regulations postponed until 2028
New York lawmakers have reached a tentative deal in lengthy budget talks that includes a postponement in issuing regulations that would meet the state’s GHG goal until 2028, and the establishment of a new interim 2040 target.
Read MoreRGAs plunge as RGGI asserts commitment to affordability following recent volatility
RGGI Allowance (RGA) futures plunged on Friday more than $7 or 17% to close around $37 after market administrator RGGI Inc. issued a statement asserting its commitment to monitoring the market for affordability and saying “renewed consideration of improvements” may be required following recent volatility in the secondary market.
Read MoreWCI Markets: CCAs continue to trade sideways, sparsely ahead of Q2 auction
California Carbon Allowance (CCA) futures continued to trade flat at prices a bit over the $29 mark as traders said the market could show some more signs of life up ahead with the Q2 auction and planned vote on programme updates later this month.
Read MoreEU, China, Brazil, hold first meeting of compliance carbon markets coalition
The first meeting of the Open Coalition on Compliance Carbon Markets took place on Thursday, with the EU and Brazil’s top climate officials telling Carbon Pulse the initiative aims to reduce fragmentation among emissions trading systems worldwide and boost the uptake of carbon pricing.
Read MoreBRIEFING: Senators, stakeholders express ETS rulemaking concerns in California legislative committee hearing
Senators sparred with the head of California regulator ARB on proposed changes to the state’s Cap-and-Invest Program in a legislative hearing on Wednesday, with lawmakers and stakeholders alike questioning the draft updates’ impacts on costs, revenues, affordability, and ambition under the programme.
Read MoreCalifornia Q1 power emissions mark YoY climb for first time since 2021
California’s power sector year-to-date (YtD) emissions through March jumped nearly 5% year-on-year (YoY), the first such annual increase since 2021, data from the state’s largest grid operator showed Monday.
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