CFTC: CCA price slump draws in investors, RGAs shelved
Investors continued to build net length in California Carbon Allowance (CCA) as futures prices reversed mid-week ahead of the first quarterly permit sale, while traders reduced RGGI exposure amidst US-Canada tariff uncertainty, latest figures from the US Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreCAR poaches next president from Verra senior leadership
Voluntary carbon market (VCM) standard Climate Action Reserve (CAR) announced Friday the selection of its next president – a market veteran currently serving as senior leadership at competitor Verra.
Read MoreWCI Markets: Traders anticipate post auction CCA rebound
California Carbon Allowance (CCA) prices clawed back earlier losses through the week amidst heightened futures and options transaction activity ahead of the first quarterly permit sale next week, while trade in Washington Carbon Allowances (WCA) remained muted.
Read MoreCalifornia’s $10 bln climate bond has merits, risks in multi-year lock-in
California’s fiscal and policy advisory body found merit in Governor Gavin Newsom’s (D) proposal for a $10 billion climate bond that shifts cap-and-trade derived funds, but cautioned about shortcomings of a multi-year approach to adjust to changing priorities.
Read MoreCanadian net-zero nickel pilot plant inches closer to development with federal funding
A Canadian company with sights set on developing net-zero nickel to power the EV revolution has won more than C$3 million ($2.4 mln) in federal funding for a pilot plant.
Read MoreMillions in forest conversion offsets propel ARB issuance to record, few provide benefits to California
California regulator ARB granted 3.6 million California Carbon Offsets (CCOs) to an avoided conversion forest project, which took their bi-weekly issuance to all-time highs, but only a small percentage were tagged with direct environmental benefits (DEBs) to the state, data published Wednesday showed.
Read MoreUS fund purchases British Columbia forestland for nearly C$70 mln
A US-based forest carbon fund spent nearly C$70 million ($48.5 mln) to acquire more than 10,000 hectares of private forest in British Columbia, according to an announcement Tuesday.
Read MoreCanada can’t build clean power plants fast enough to meet demand -study
Canada’s timeline to achieve net zero is “impossible in practical terms,” according to new study examining current clean power options up against the sheer scale of incoming electricity demand.
Read MoreBRIEFING: Global carbon market traded volume surges in 2024, valuation remains flat -analysts
Global carbon markets saw their value marginally rise to above €800 billion in 2024, according to annual research published by analysts, while traded volume jumped by almost 25% year-on-year amid buoyant activity across nearly all systems.
Read MoreANALYSIS: The Trump effect on North American carbon markets
Traders deliberated the impact of President Donald Trump’s first few weeks of unravelling US environmental policy on subnational carbon markets, as outsized option positions underpin participants’ hedging against negative outcomes, while longer-term policy shifts are yet to emerge after LA wildfires delayed California’s ETS rulemaking.
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