New speculator registers in RGGI carbon market as prices remain at four-year highs
A Northeast US trading firm opened a RGGI CO2 Allowance Tracking System (COATS) account this week as speculators continue to flock to the power sector cap-and-trade scheme with allowance prices at four-year highs.
Read MoreColombia aims for 51% emissions reduction by 2030 in upgraded NDC
Colombia has submitted an upgraded NDC of a 51% emissions reduction target by 2030, President Ivan Duque said Thursday, potentially representing a significant raising of ambition.
Read MoreNA Markets: Cali. allowances decline after Q4 sale as RGGI finds support ahead of auction
California Carbon Allowance (CCA) prices slid this week after the release of the Q4 WCI auction results, as RGGI Allowances (RGA) found continued support on the secondary market ahead of the Northeast US cap-and-trade programme’s own quarterly auction.
Read MoreCalifornia distributes 158k offsets in smallest issuance since July
California regulator ARB this week divvied out 158,700 compliance offsets, breaking a six-week streak of issuances over 1 million and marking its smallest issuance since July.
Read MoreWCI emitters’ capital, emissions outlook could have played factor in Q4 auction buying
WCI compliance entities shifted their Q4 auction bidding strategies on future emissions outlooks for the linked cap-and-trade programme, internal allowance limits, and available capital, leading the group to procure fewer carbon permits than the previous sale, traders said.
Read MoreIATA launches aviation carbon credit exchange, announces first trade
Aircraft operators’ association IATA on Wednesday launched its Aviation Carbon Exchange (ACE) to facilitate trade in both CORSIA-eligible and voluntary offsets, also announcing the inaugural transaction on the platform.
Read MoreAverna acquisition of ClimateCare puts offset firm on “professional investment footing” ahead of market boom, says founder
The recent acquisition by private equity firm Averna Capital of a majority stake in ClimateCare will help prepare the low-carbon project developer for massive growth in the global offset market, the company’s founder told Carbon Pulse.
Read MoreCanadian CFS prices to remain well under compliance fund value through 2030 -analysis
Canadian Clean Fuel Standard (CFS) credit values will not come close to reaching the proposed programme’s maximum price over the next decade, even under a scenario that requires significant biofuels uptake, according to an analysis published Tuesday.
Read MoreUS company launches personal carbon offset service from $10/tonne
A Colorado-based company announced a new service this week for consumers to buy voluntary carbon credits to offset their own emissions or those of others, with the initial product offerings coming from a handful of forestry projects.
Read MoreWCI Q4 current vintage auction sells out at steep discount to secondary market
Last week’s WCI current vintage auction sold out for the first time since February, but the settlement was beneath traders’ expectations as compliance entities purchased fewer allowances than the prior sale, according to results released Tuesday afternoon.
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