Producers continue to slash California carbon net length, financial players raise holdings amidst increased spread activity
Regulated parties shed net holdings of California Carbon Allowances (CCAs) and speculators extended length through a week of heightened spread activity, while both entities reversed course from the prior week in the US Northeast power sector carbon market, data from the US Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreTech firms partner to launch AI-based soil carbon analysis
Two technology firms have announced a strategic partnership aimed at revolutionising the field of soil analysis, leveraging artificial intelligence (AI) to provide real-time quantification of carbon sequestration.
Read MoreWCI Markets: CCAs return to rulemaking workshop-inspired levels, participants largely avoid WCAs
Option spread activity has lifted California Carbon Allowance (CCA) prices back to levels reached after bullish impetus from last week’s cap-and-trade rulemaking workshop, while Washington Carbon Allowance (WCA) values remained unchanged this week as transacted volume plunged.
Read MorePlans to launch $1.5 bln blended climate finance platform revealed at Paris summit
Plans to launch a $1.5 billion public and private climate finance platform were proposed on Thursday at the opening of the Paris Summit for a New Global Financing Pact as talks started of easing the flow of investment from the Global North to the Global South.
Read MoreInvestment manager buys forest to generate California carbon credits
An Australia-headquartered global investment manager on Thursday announced it has purchased a 19,000-acre forest in California, in which it plans to generate carbon credits eligible for the state’s cap-and-trade scheme.
Read MoreCalifornia should re-engage on carbon market leadership when considering linkage, watchdog says
California should take a larger role in engaging climate cooperation with subnational jurisdictions when it considers expanding agreements with its WCI-linked cap-and-trade programme, the state’s carbon market watchdog said Tuesday.
Read MoreFormer boss of voluntary carbon firm retakes reins as new CEO quits after 3 weeks
The former boss of a Canadian-based voluntary carbon credit aggregator has been reappointed as the company’s head after the new president and CEO stepped down just three weeks into the job.
Read MoreSpeculators jump back into California market, emitters take advantage of CCA price spike and reduce net holdings
Speculators raised their net holdings of California Carbon Allowances (CCAs) this week as producers took advantage of a steady price increase and reduced CCA net interest, but picked up RGGI Allowances (RGAs) despite a lack of momentum in the US Northeast power sector carbon market, data from the US Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreWCI current vintage auction size slightly reduced for Q3 sale
California and Quebec will offer slightly fewer carbon allowances at this August’s auction compared to the Q2 2023 sale last month, according to a government notice published Friday.
Read MoreWCI Markets: CCAs push higher from rulemaking workshop and into options expiry, Washington reserve sale size boosts secondary market
California Carbon Allowance (CCA) prices rallied through a packed week of activity including a cap-and-trade public workshop discussing plans to increase programme stringency, options expiry, and macro markets rallying after a pause in the US interest rate hiking cycle, while Washington Carbon Allowances (WCA) initially lurched higher on the announcement of a small reserve sale in August.
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