WCI speculative length hits new highs as compliance sinks further into the red
Speculators’ California Carbon Allowance (CCA) positions sailed higher this week, with financial firms taking additional length on future vintage allowances, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreNA Markets: California carbon eclipses all-time high on heels of more speculative buying
California Carbon Allowance (CCA) prices soared to a new all-time high on Friday morning, with traders attributing the gains to additional speculative demand coupled with few sellers on the secondary market.
Read MoreTwo more California offset projects chart LCFS pathways
A pair of Missouri-based dairy digesters previously registered under California’s compliance offset programme applied for fuel pathways under the Low Carbon Fuel Standard (LCFS), with only one having previously generated compliance-grade credits, according to documents published Thursday.
Read MoreNA Market: CCAs extend spring bull run with more speculative buying, as RGGI prices gain after auction
California Carbon Allowance (CCA) prices continued their months-long bullish trend on the secondary market amid further financial inflows, as RGGI Allowance (RGA) values also rose throughout the week after the Q2 auction settled close to the $8.00 mark.
Read MoreArgus set to bring back in-person US environmental markets conference, as others make plans
Price reporting agency Argus Media announced Thursday it will hold its Biofuels and LCFS Markets Summit in California this autumn, marking the first in-person environmental markets conference in the US since the COVID-19 crisis began last year.
Read MoreCalifornia’s 2022 carbon floor price expectations rise further as US inflation hits 5%
Surging US inflation has pushed California’s WCI-linked cap-and-trade floor price expectations further above $19, with the secondary market trading significantly above the estimated reserve level, according to federal data released Thursday.
Read MoreCalifornia offset issuances continue to languish, as Quebec credits top 1 mln
California compliance offset generation maintained a recent sluggish trend this week, while Quebec saw its credit issuances surpass the 1-million mark for the first time, according to government data released Wednesday.
Read MoreCalifornia will not include state audit’s cost analysis recommendations in Scoping Plan process
California regulator ARB will not incorporate climate programme cost analysis recommendations from a recent state audit in its Scoping Plan update, with officials on Tuesday instead saying long-term GHG reduction goals and emissions trends would inform this process.
Read MoreCalifornia’s April power emissions rise to 2016 levels as hydro continues to lag
California power sector emissions rose for the fourth consecutive month in April amid an uptick in electricity demand as consumer behaviour shifts back to pre-pandemic levels, according to California Independent System Operator (CAISO) data released this week.
Read MoreANALYSIS: California offset prices lift, though discount to allowances widens further
California Carbon Offset (CCO) prices have risen recently amid an uptick of buying interest, but continue to lag behind significant price increases in the California Carbon Allowance (CCA) market.
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