RGGI Market: Historic surge continues as RGAs rise more than 25% WoW before breaching $50 on Monday
RGGI Allowances (RGAs) rose by more than 25% last week as the recent historic surge in futures prices amid tight market dynamics continued, with futures prices jumping as much as another quarter on Monday to fresh records in the mid-to-upper $50s.
Read MoreOffset developer reports revenue surge, return to profit on strong Q4 performance
A Canadian offset developer reported a sharp rise in revenue and a return to profitability in 2025, with results heavily weighted toward a strong fourth quarter.
Read MoreINTERVIEW: Colombian players push carbon market reforms to election frontrunners
Industry stakeholders are presenting proposals to revive Colombia’s domestic carbon market to presidential candidates, including the elimination of an offsetting cap, and instituting a carbon credit price floor.
Read MoreCFTC: Producers build RGAs amid market volatility, as V27 data reported for first time
Producers built and managed money cut their V26 RGGI Allowance (RGA) net holdings during the recent historic surge in futures prices, according to the latest US Commodity Futures Trading Commission (CFTC) data, which reported V27 RGA data for the first time, showing emitters with net length and managed money with a net short in the vintage.
Read MoreWCI Markets: CCAs stay subdued, WCAs fall to five-month lows following release of APCR, auction guidance
California Carbon Allowances (CCAs) continued to trade flat around around $29 as the market awaits developments on planned programme updates, while Washington Carbon Allowances (WCA) fell to five-month lows after the state published guidance on proposed changes around Allowance Price Containment Reserve (APCR) and auction supply.
Read MoreRGAs skyrocket to “completely unprecedented” levels as recent surge roars back Thursday
RGGI Allowance (RGA) futures skyrocketed more than 15% higher Thursday from the previous day’s close, reaching fresh all-time highs around $47 after the programme late on Wednesday confirmed Virginia’s plans for re-entering the market this summer.
Read MoreRGAs move higher Wednesday following reversal, RGGI confirms Virginia’s July re-entrance
RGGI Allowance (RGA) futures moved back higher following Tuesday’s reversal from the recent historic surge as market administrator RGGI Inc. issued a statement late in the day welcoming Virginia back into the programme.
Read MoreWashington releases proposed APCR, auction updates under cap-and-invest
Washington’s Department of Ecology (ECY) published on Wednesday implementation guidance related to planned updates to Allowance Price Containment Reserve (APCR) and other auction- and supply- related provisions under the state’s cap-and-invest programme.
Read MoreCanada, Alberta near carbon price agreement as broader pipeline deal stalls -media
Canada and Alberta are expected to agree within the “next two weeks” to raise the carbon price for industrial emitters, a step seen as critical to unlocking a broader package covering oil sands emissions and new pipeline infrastructure that remains unresolved, media reported on Monday.
Read MoreCalifornia extends public comment period for 15-day notice on proposed ETS updates
California regulator ARB announced on Tuesday it has extended the deadline for public comments on proposed updates to the state’s Cap-and-Invest Program outlined in a 15-day notice earlier this month.
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