WCI Markets: CCAs, WCAs fall for second week in a row amidst wider uncertainty
California Carbon Allowances (CCAs) waned for the second week in a row in both price and volume as wider macroeconomic issues and market dynamics clouded trading, while Washington Carbon Allowances (WCAs) also continued their drop over the same period with a sense of distrust in the young cap-and-trade system persisting.
Read MoreAdvisory firm beefs up platform to aid carbon credit investors
A carbon markets advisory firm has launched upgrades to its carbon risk platform, adding carbon project scrutiny, delivery risk, and secondary market price mapping tools as corporates have grown more wary about the types of units they buy.
Read MoreCalifornia compliance offset issuance retreats, though exceeds 2022 levels through Q3
California took a slower pace in the issuance of compliance offsets over the last two weeks, including of those tagged with direct environmental benefits (DEBs), although it continues to distribute credits faster than last year, data from state regulator ARB published Wednesday showed.
Read MoreCalifornia power emissions continue to recede through August
California electricity sector CO2 output maintained its 10-year decline through August, as the share of renewables and hydroelectricity continued to climb while imports decreased compared to 2022 levels, according to data published Wednesday.
Read MoreANALYSIS: Major US agtech company still bullish on voluntary carbon market, while other ecosystem players demonstrate caution
Amidst sentiments of distrust in nature-based solutions and a stuttering voluntary carbon market (VCM), a once-billion-dollar-valued agtech company remains confident in its plan to scale up soil carbon offset generation, while others in the sector forecast more conservative economics.
Read MoreVCM Report: Bounce in V18 standardised REDD contracts masks moribund market
A slight price recovery in nearby futures for REDD avoided deforestation credits over the past week provided one of the few bullish signs for the voluntary carbon market (VCM), which remains in limbo while the first badges of integrity are readied by the cross-stakeholder body ICVCM and faces increasing competition from the rise of Paris Agreement-approved units.
Read MoreCanadian project developer and UK tech firm partner for direct air capture plant
A Montreal-headquartered CO2 removal (CDR) project developer and a London-based direct air capture (DAC) company on Monday announced plans to demonstrate the technology at a facility in Quebec.
Read MoreSpeculators discard California carbon and RGGI net length, WCA holdings data becomes available
Financial players pared back their California Carbon Allowance (CCA) and RGGI Allowances (RGGI) net length over the week, as Washington Carbon Allowance (WCA) futures and options holdings became available for the first time, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreWCI Markets: CCAs climb down from record high, WCA volatility subsides as traders remain wary
California Carbon Allowance (CCA) prices reached a new record high following the announcement of state regulator ARB’s upcoming cap-and-trade rulemaking workshop, though were unable to sustain this gain, while Washington Carbon Allowances (WCA) moved downward amid continued hesitancy to participate in the market.
Read MoreCalifornia transportation CO2 output trends lower through H1 as gasoline stagnates, diesel drops
California gasoline sales in June nearly equalled year-ago levels as diesel consumption fell, continuing the trend of the state’s cap-and-trade covered transportation sector GHG output trailing historic levels through the first half of 2023, according to state data published Wednesday.
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