Speculators slash holdings across North American carbon markets, compliance entities add CCAs, RGAs
Speculators continued to shed holdings across North American carbon markets, as producers once again increased California Carbon Allowance (CCA) and RGGI Allowance (RGA) net length while dropping Washington Carbon Allowance (WCA) permits, data published Friday by the US Commodities and Futures Trading Commission (CFTC) showed.
Read MoreWCI current year auction volumes pick up for Q2 sale
California-Quebec will offer slightly more allowances at May’s WCI auction compared to Q1, breaking the pattern of reduced volumes offered over the last two sales, a government notice published Friday showed.
Read MoreWCI Markets: CCAs rebound from Wednesday price rout, WCAs converge toward Q1 auction low
California Carbon Allowance (CCAs) prices start to recover from an unprecedented wave of selling mid-week ahead of options expiring Friday, while Washington Carbon Allowances (WCAs) lurched another leg lower after the first auction for 2024 settled near the floor price.
Read MoreInternational tribunal dismisses Koch lawsuit over $30 mln loss from cancelled Ontario carbon market
An international tribunal has dismissed Koch Industries’ lawsuit challenging the 2018 cancellation of Ontario’s cap-and-trade programme, according to media reports, absolving Canada of the US$30 million loss claimed by the company.
Read MoreCalifornia ARB offset issuance picks up in March, hovers below 2023 levels
California regulator ARB has issued the highest number of compliance-grade offsets thus far this year, yet year-to-date totals continue to lag 2023 issuance, data published by the agency showed.
Read MoreWCI Markets: CCAs plummet as much as 7.6% as stops triggered
California Carbon Allowance (CCA) prices plunged as much as 7.6% on the day Wednesday, with traders reporting lower stops being triggered and heavy selling ahead of options expiring on Friday.
Read MoreCanadian sustainable commodities supplier opens carbon trading desk in Rotterdam
A Canadian sustainable commodities supplier has opened an environmental commodities desk in the Netherlands, which will focus on trading both compliance and voluntary carbon as well as other markets.
Read MoreCanada, ADB plan $260 mln climate, nature fund for Asia
Canada plans to establish a $260-million trust fund for Asia through the Asian Development Bank (ADB) to promote private sector funding in projects involving climate, nature-based solutions, and gender equality in the continent, pending approval from the bank’s board.
Read MoreMethane emissions from fossil fuels keep rising, when they could quickly be stemmed -IEA
Global methane emissions reached a record high in 2023, when they need to fall by three-quarters within the decade in order to help limit the temperature rise to 1.5C, according to International Energy Agency (IEA) data published on Wednesday.
Read MoreReducing banked allowances in tightening cap-and-trade on the table at California joint committee hearing
ARB staff and a stakeholder panel discussed with lawmakers at a joint committee public hearing on Monday the option of reducing the pool of banked allowances, trimming free allocation, or lowering California’s emissions cap to increase cap-and-trade programme stringency, as well as the future of the scheme post 2030.
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