WCI Markets: Benchmark CCAs surpass $28 as market anxiety eases, WCAs extend gains
Benchmark California Carbon Allowance (CCA) prices rose above $28 amid fading fears of federal risks and bullish signals, while Washington Carbon Allowance (WCA) values recorded multi-year highs on constrained permit supply.
Read MoreAlberta backs DAC pilot with C$5 mln TIER fund investment
Alberta will invest C$5 million ($3.67 mln) from the province’s Technology Innovation and Emissions Reduction (TIER) programme to support a direct air capture (DAC) innovation and commercialisation centre, the provincial government announced Wednesday.
Read MoreCanadian tech company raises C$5 mln in equity to finance diesel engine efficiency add-on
A Canadian green tech company has successfully raised C$5 million ($3.5 mln) in shares to finance the sale of its hydrogen-on-demand device for diesel engines, following an offer launched back in February.
Read MoreCalifornia offset issuance ramps up, invalidation expiry more than doubles
California regulator ARB issued more than 150,000 credits over the last two weeks, after a lull in the previous period, while the invalidation period for nearly 1.7 mln units expired, state data released Wednesday showed.
Read MoreFashion giants fall short on supply chain decarbonisation, carbon removals -report
Most major fashion brands lack credible plans to decarbonise their supply chains or neutralise residual emissions, with only H&M investing in durable carbon removals to support its net zero target, according to a report published Thursday.
Read MoreAlberta commits C$55.8 mln to caribou habitat recovery, reforestation
Alberta will invest C$55.8 million ($40.6 mln) over six years to plant five mln trees and restore critical woodland caribou habitat, the provincial government announced Tuesday.
Read MoreUPDATE – FEATURE: Major Canadian bill paves way for setting aside environmental protections
Canada’s Senate passed Thursday Prime Minister Mark Carney’s ‘nation building’ projects bill without amendments, local outlets reported.
Read MoreCFTC: Investors reduce exposure to US compliance carbon markets, producers pick up length
Investors reduced their holdings across US compliance carbon markets, while producers opted to build length in California Carbon Allowances (CCAs), RGGI Allowances (RGAs), and Washington Carbon Allowances (WCAs), latest figures from the Commodity Futures Trading Commissions (CFTC) showed Monday.
Read MoreCanadian CCS developer expands carbon portfolio with C$20 mln hub acquisition
A Canadian carbon capture and storage (CCS) developer has entered a C$20 million ($14.6 mln) agreement to acquire stakes in three carbon storage hubs in Western Canada.
Read MoreWCI Markets: CCAs gain ground in absence of expected imminent drivers, WCAs remain elevated on back of tight supply
California Carbon Allowance (CCA) prices increased more than 3% week-on-week (WoW) amidst a lack of clear, imminent fundamental drivers, while Washington Carbon Allowances (WCAs) remained elevated around the trigger price for reserve volumes on the back of ongoing tightness of supply and demand, traders said.
Read More
