NA Markets: California allowances retrace gains amid further volatility, RGGI finds support
California Carbon Allowance (CCA) prices ceded previous gains during another hectic week of trading as participants remain wary of how the COVID-19 pandemic will impact WCI emissions, while RGGI allowances (RGAs) maintained their recent bullish trend.
Read MoreNova Scotia to offer 640k carbon allowances at inaugural ETS auction
Nova Scotia will offer 640,000 permits in the cap-and-trade programme’s first auction on June 10, the Canadian province’s environment ministry announced Thursday.
Read MoreCanada moves to delay 2019 deadlines for ‘backstop’ large emitter programme
The Canadian environment ministry proposed Wednesday to delay the 2019 reporting and compliance deadlines for the federal ‘backstop’ output-based pricing system (OBPS), potentially giving large stationary emitters more time to procure offsets or surplus credits.
Read MoreCalifornia not considering change to ETS auction schedule, compliance deadline
California regulator ARB does not intend to alter its current cap-and-trade auction schedule or compliance deadlines as a result of the COVID-19 pandemic sweeping across the US, an agency spokesperson told Carbon Pulse Wednesday.
Read MoreCalifornia breaks two-year offset issuance streak as it mints zero credits
California issued no new offsets or reduced any invalidation periods this week for the first time in nearly two years, according to data published by regulator ARB on Wednesday.
Read MoreCOVID-19 impacts on US power markets rise, as fuel data points to lower California consumption
Northeast power consumption declines due to the COVID-19 are increasing, while California fuel use appears set to dip based on initial state and national data points.
Read MoreUS judge delays hearing challenging WCI cap-and-trade linkage
A federal judge agreed on Monday to move a pre-trial conference for the US federal government’s Constitutional challenge to the California-Quebec ETS linkage as the Department of Justice (DOJ) considers an amendment to its complaint.
Read MoreWCI compliance holdings grow in Q1 as allowance surplus rises
A bulk of the Q1 WCI auction volume remained in entities’ general accounts amid uncertainty in the secondary market, while regulated parties continued to deposit allowances into compliance accounts for future obligations, according to the California-Quebec programme’s Compliance Instrument Tracking Service System (CITSS) report released on Friday.
Read MoreSpeculators make further cuts to California carbon holdings, data shows
Speculators pared back their California Carbon Allowance (CCA) positions for a third straight week, as compliance entities also saw their holdings decrease amid the March contract expiry date, US Commodity Futures Trading Commission (CFTC) data showed Friday.
Read MoreNA Markets: California prices plummet to $12 on further volatility
California Carbon Allowance (CCA) cratered to $12.00 on Friday morning on more brisk selling, though bargain hunters quickly brought values back close to the previous day’s settlement.
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