CFTC: Positive sentiment shift across North American carbon markets
Traders increased net length across their holdings of California Carbon Allowances (CCAs), RGGI Allowances (RGAs), and Washington Carbon Allowances (WCAs), according to this week’s data released Friday from the US Commodity Futures Trading Commission (CFTC).
Read MoreUS airline sustainability head calls for policy alignment to boost SAF
The sustainable aviation fuels (SAF) industry is unlikely to scale without cohesive policy measures across jurisdictions, the sustainability lead at a major US airline said Thursday.
Read MoreWashington offers largest current year volumes for 2024 at Q4 sale amidst binary risk
Washington state’s Department of Ecology (ECY) will offer the most number of current year permits of all the auctions held in 2024 at its final sale in December, along with future vintage allowances despite the looming risk of programme repeal in November, according to a notice published by the agency on Friday.
Read MoreSCOTUS rejects states’ efforts to halt US methane rules
The US Supreme Court (SCOTUS) has denied stay applications filed by Republican-backed states against the Environmental Protection Agency (EPA)’s rules to limit methane output from the oil and gas sector.
Read MoreINTERVIEW: Demand for Article 6 units won’t suddenly boom in case of agreement
Demand for carbon credits aligned with Article 6 of the Paris Agreement is not going to suddenly spike if an agreement on rules to operationalise UN international carbon markets is found at COP29 at the end of the year, a senior EU negotiator told Carbon Pulse.
Read MoreWCI Markets: ARB rulemaking update expectations drive up CCAs amidst inexplicable WCA rally
Anticipation for the next stage in ETS rulemaking lifted California Carbon Allowance (CCA) prices in the secondary market over the last five sessions, while the $10 rally over the last two weeks in Washington Carbon Allowances (WCAs) continues to confound traders.
Read MoreCanadian cement manufacturer targets emissions reductions with $38 mln low-carbon fuel investment
A major cement producer commissioned Thursday a $38 million low-carbon fuel facility at its Alberta cement plant, anticipated to replace up to 50% of the site’s gas usage and reduce 30,000 tonnes of CO2 annually.
Read MoreWCI compliance instrument surplus exceeds 400 mln in Q3, while entities close accounts
The WCI compliance instrument surplus surpassed the 400 million mark in Q3 ahead of the November true-up deadline, although the number of account holders declined over the timeframe in light of general market participants’ exit.
Read MoreGlobal climate fund to invest up to $1 bln to decarbonise industry sectors in developing countries
One of the largest climate funds in the world announced on Thursday that it would invest up to $1 billion in technologies that reduce emissions from the industrial sector in developing countries.
Read MoreMexican nature-based projects not yet meeting demand for high-integrity credits, consultant says
The quality of carbon credits generated by forest carbon projects in Mexico are not meeting the market’s new demands for high quality offsets, a Mexican project consulting firm said Thursday.
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