RGGI emitters are sole buyers this week, while traders reduce exposure across North American carbon markets
Traders reduced exposure across North American carbon markets this week except for RGGI compliance entities, according to latest data from the US Commodity Futures Trading Commissions (CFTC) released Friday.
Read MoreEnvironmental consultancy releases metric to measure biodiversity in the Americas
A Copenhagen-headquartered environmental consultancy has released an open-access metric to measure the biodiversity value of sites in the Americas, seeking to better inform restoration projects as well as supporting corporate disclosures on nature-related impacts and dependencies.
Read MoreWCI Markets: CCAs fluctuate on low volumes, WCAs continue to creep higher
California Carbon Allowance (CCA) prices fluctuated throughout the week, ending with minimal gains as traders await next week’s workshop on potential programme amendments, while Washington Carbon Allowance (WCA) values crawled higher amidst limited activity in the under-fire scheme.
Read MoreInvestor launches energy transition ETF targeting carbon markets
An investment management firm has launched a new energy transition exchange-traded fund (ETF) tracking several compliance carbon markets.
Read MoreCanada budget targets C$2.5 bln small business carbon rebates, CCfD expansion
Prime Minister Justin Trudeau’s 2024 budget, released Tuesday, sees an overdue reimbursement of C$2.5 billion ($1.8 bln) in carbon tax rebates to small businesses, delivery of prior announced investment tax credits by the end of 2024, and commits to exploring additional carbon contracts for difference (CCfDs).
Read MoreANALYSIS: Environmental, economic interests converge in US federal CBAM bills
Proposals for various forms of a US carbon border adjustment mechanism (CBAM) are bringing together environmentally focused and economically inclined politicians from opposite sides of the political spectrum, offering a rare glimmer of hope for bipartisan agreement against an increasingly contentious climate-oriented global trade backdrop.
Read MoreTwo Quebec firms partner to decarbonise electricity, natural gas distribution via CCS
An energy distributor has announced a project partnership with another Quebec-based carbon capture and sequestration (CCS) company, aiming to decarbonise their industrial operations.
Read MoreVCM Report: SBTi spark fizzles out by end of week, voluntary carbon prices little changed, liquidity thin
Prices were little changed last week on low volume, but the Science Based Targets initiative (SBTi)’s sudden change of policy to allow qualifying voluntary carbon credits to be used to offset some corporate emissions could inject a surge of investment and interest in the voluntary market.
Read MoreCanadian hemp products manufacturer buys majority stake in voluntary carbon sequestration standard
A Canadian manufacturer of sustainable hemp products has bought a majority stake in a platform that creates and distributes carbon sequestration certificates to projects that use the material, as it looks to expand its reach in the voluntary market.
Read MoreEmitters pick up RGGI length, while traders reduce positions in all three US carbon markets
Covered entities were the only group to increase RGGI Allowance (RGAs) holdings recently, while speculators reduced net length across all three North American carbon markets, data from the Commodity Futures Trading Commission (CFTC) showed Friday.
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