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New speculator registers in RGGI carbon market as prices remain at four-year highs

Published 15:08 on November 30, 2020  /  Last updated at 15:08 on November 30, 2020  /  Americas, US  /  No Comments

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.

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Colombia aims for 51% emissions reduction by 2030 in upgraded NDC

Published 11:04 on November 27, 2020  /  Last updated at 21:39 on November 27, 2020  /  Americas, South & Central  /  No Comments

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.

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NA Markets: Cali. allowances decline after Q4 sale as RGGI finds support ahead of auction

Published 17:10 on November 26, 2020  /  Last updated at 22:18 on November 26, 2020  /  Americas, Canada, US  /  No Comments

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.

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California distributes 158k offsets in smallest issuance since July

Published 22:06 on November 25, 2020  /  Last updated at 22:06 on November 25, 2020  /  Americas, Canada, US  /  No Comments

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.

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WCI emitters’ capital, emissions outlook could have played factor in Q4 auction buying

Published 21:06 on November 25, 2020  /  Last updated at 21:06 on November 25, 2020  /  Americas, Canada, US  /  No Comments

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.

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IATA launches aviation carbon credit exchange, announces first trade

Published 21:03 on November 25, 2020  /  Last updated at 23:18 on November 25, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, EMEA, International, New Market Mechanisms, South & Central, US, Voluntary Market  /  No Comments

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.

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Averna acquisition of ClimateCare puts offset firm on “professional investment footing” ahead of market boom, says founder

Published 18:17 on November 25, 2020  /  Last updated at 18:26 on November 25, 2020  /  Africa, Americas, Asia Pacific, Bavardage, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

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.

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Canadian CFS prices to remain well under compliance fund value through 2030 -analysis

Published 18:14 on November 25, 2020  /  Last updated at 18:14 on November 25, 2020  /  Americas, Canada, RINs & LCFS  /  No Comments

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.

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US company launches personal carbon offset service from $10/tonne

Published 15:26 on November 25, 2020  /  Last updated at 15:50 on November 25, 2020  /  Africa, Americas, Asia Pacific, International, Other APAC, REDD, US, Voluntary Market  /  No Comments

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.

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WCI Q4 current vintage auction sells out at steep discount to secondary market

Published 21:44 on November 24, 2020  /  Last updated at 13:21 on November 25, 2020  /  Americas, Canada, US  /  No Comments

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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