Top

Emitters offload allowances following WCI auction results, speculators build

Published 02:11 on December 4, 2021  /  Last updated at 03:19 on December 4, 2021  /  Americas, Canada, US  /  No Comments

Compliance entities massively reduced their California Carbon Allowance (CCA) holdings over the past week following the publication of Q4 WCI auction results, while financial players bolstered their net long position, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Read More
Top

California industrial allowance allocations decline in 2022 after COVID-affected year

Published 01:59 on December 4, 2021  /  Last updated at 03:13 on December 4, 2021  /  Americas, Canada, US  /  No Comments

California’s free carbon permit distributions to industrials dropped by roughly one third for 2022 after the coronavirus pandemic throttled production from some facilities, according to data from state regulator ARB published Friday.

Read More
Top

FEATURE: Climate finance, not offsets, increasingly seen as a nature-based solution as critics persist

Published 19:38 on December 3, 2021  /  Last updated at 19:38 on December 3, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Middle East, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US  /  No Comments

With nature-based credits valued at a growing price premium to other types of carbon offsets, scrutiny over the process is also on the rise, with even forest protection standards that are said to be raising the bar on quality finding criticism for lacking environmental integrity.

Read More
Top

British Columbia not considering LCFS price cap even as credit values soar

Published 00:50 on December 3, 2021  /  Last updated at 00:50 on December 3, 2021  /  Americas, Canada, RINs & LCFS, US  /  No Comments

British Columbia Low Carbon Fuel Standard (LCFS) credits reached new highs last month, but the province isn’t likely to move forward with a price cap, a government official told a conference Thursday.

Read More
Top

NA Markets: CCAs routed after post-auction rebound, RGAs drift before sale results

Published 00:10 on December 3, 2021  /  Last updated at 00:10 on December 3, 2021  /  Americas, Canada, US  /  No Comments

California Carbon Allowances (CCAs) were taken to the woodshed this week as ICE’s margin hike and coronavirus worries weighed on a market still recovering from a surprisingly low auction settlement, while RGGI Allowance (RGA) prices trended down as traders awaited the result of the power sector scheme’s own Q4 sale.

Read More
Top

WCI offset usage in 2018-20 tops 7%, compliance data shows

Published 23:33 on December 1, 2021  /  Last updated at 23:56 on December 1, 2021  /  Americas, Canada, US  /  No Comments

Emitters in California’s carbon market used offsets to cover nearly 7% of their emissions during the 2018-20 compliance period, government data released Wednesday showed, while Quebec’s usage rate came in slightly higher.

Read More
Top

Hot US inflation readings send WCI floor price up 11% for 2022, as auction size announced

Published 21:29 on December 1, 2021  /  Last updated at 23:52 on December 1, 2021  /  Americas, Canada, US  /  No Comments

The reserve price in California and Quebec’s carbon market auctions will rise to $19.70 in 2022 after higher inflation drove up the minimum bid value by more than 11% year-on-year, as the WCI jurisdictions also announced next year’s auction size. 

Read More
Top

WCI emissions to stay just below cap in 2022, say analysts

Published 20:54 on December 1, 2021  /  Last updated at 20:54 on December 1, 2021  /  Americas, Canada, US  /  No Comments

GHG emissions under the California-Quebec cap-and-trade programme next year will continue to bounce back from a COVID-induced downturn and sit just below the WCI system’s combined allowance budget, analysts told a conference on Wednesday.

Read More
Top

UPDATE – Undersubscribed Nova Scotia carbon auction clears at floor, C$15 below previous sale

Published 16:51 on November 30, 2021  /  Last updated at 18:57 on November 30, 2021  /  Americas, Canada, US  /  No Comments

Nova Scotia’s fourth cap-and-trade auction failed to sell out and cleared at the scheme’s price floor, the provincial government announced Tuesday.

Read More
Top

ICE to launch index-based carbon futures as UK permits make their debut

Published 13:00 on November 30, 2021  /  Last updated at 13:04 on November 30, 2021  /  Canada, EMEA, EU ETS, UK ETS, US  /  No Comments

ICE is set to revamp its carbon price index to include UK emissions allowances, and will offer a new futures contract to track it.

Read More