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WCI speculative length hits new highs as compliance sinks further into the red

Published 21:54 on June 11, 2021  /  Last updated at 21:54 on June 11, 2021  /  Americas, Canada, US  /  No Comments

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.

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NA Markets: California carbon eclipses all-time high on heels of more speculative buying

Published 20:34 on June 11, 2021  /  Last updated at 21:28 on June 11, 2021  /  Americas, Canada, US  /  No Comments

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.

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Two more California offset projects chart LCFS pathways

Published 20:32 on June 11, 2021  /  Last updated at 21:32 on June 11, 2021  /  Americas, Canada, RINs & LCFS, US  /  No Comments

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.

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NA Market: CCAs extend spring bull run with more speculative buying, as RGGI prices gain after auction

Published 22:46 on June 10, 2021  /  Last updated at 22:46 on June 10, 2021  /  Americas, Canada, US  /  No Comments

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.

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Argus set to bring back in-person US environmental markets conference, as others make plans

Published 20:09 on June 10, 2021  /  Last updated at 23:04 on June 10, 2021  /  Americas, Canada, RINs & LCFS, US  /  No Comments

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.

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California’s 2022 carbon floor price expectations rise further as US inflation hits 5%

Published 13:57 on June 10, 2021  /  Last updated at 14:03 on June 10, 2021  /  Americas, Canada, US  /  No Comments

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.

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California offset issuances continue to languish, as Quebec credits top 1 mln

Published 21:40 on June 9, 2021  /  Last updated at 21:40 on June 9, 2021  /  Americas, Canada, Mexico, US, Voluntary Market  /  No Comments

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.

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California will not include state audit’s cost analysis recommendations in Scoping Plan process

Published 22:48 on June 8, 2021  /  Last updated at 22:48 on June 8, 2021  /  Americas, Canada, RINs & LCFS, US  /  No Comments

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.

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California’s April power emissions rise to 2016 levels as hydro continues to lag

Published 16:36 on June 8, 2021  /  Last updated at 16:36 on June 8, 2021  /  Americas, Canada, US  /  No Comments

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.

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ANALYSIS: California offset prices lift, though discount to allowances widens further

Published 22:53 on June 7, 2021  /  Last updated at 22:53 on June 7, 2021  /  Americas, Canada, US  /  No Comments

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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