Compliance entities part with California carbon allowances again as financials build holdings
Emitters continued to reduce their California Carbon Allowance (CCA) holdings this week as prices rose on the secondary market, while speculators added to their collective position, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreNovember WCI current auction to offer 56.4 mln allowances
The Q4 California-Quebec carbon auction will feature 56.4 mln current permits in the final WCI quarterly sale of the year, slightly more than previous estimates due to the inclusion of some past vintage units.
Read MoreTop economist says South Australia should join California ETS
The state of South Australia should seek to join California’s emissions trading scheme or form a domestic carbon market in order to generate and sell offsets from greenhouse gases stored in soil or water, one of the nation’s most prominent economists has recommended in a government-commissioned report.
Read MoreNA Markets: CCAs rise to COVID-19 era highs, as RGGI ticks up
California Carbon Allowance (CCA) prices this week climbed to their highest level since the COVID-19 pandemic inflicted bearish pressure on the secondary market this spring, while RGGI allowance (RGA) values inched up on thin demand.
Read MoreANALYSIS: California refineries’ biofuel plans bring LCFS programmes into focus
Oil majors’ plans to transition their California-based refineries to renewable diesel and other biofuels production are showcasing the impact of the state’s Low Carbon Fuel Standard (LCFS) and anticipated decline in petroleum-based fuel consumption, as momentum builds for a national version of the programme to replace or supplement the Renewable Fuel Standard (RFS).
Read MoreQuebec forestry offset protocol faces further delays
Quebec does not intend to complete its cap-and-trade forestry protocol this year, after delaying the timeline earlier this summer due to the coronavirus pandemic, a government spokesperson told Carbon Pulse.
Read MoreCalifornia’s IEMAC calls for rigid ETS supply adjustment mechanism
Any allowance supply adjustment to California’s cap-and-trade scheme should be permanent or placed at a higher price tier, while the coronavirus pandemic may necessitate further evaluations of the WCI-linked scheme’s allocation methodologies, the state’s carbon market watchdog said Wednesday.
Read MoreOregon Democrats will not advance WCI-modelled carbon market bill in 2021
Oregon Democrats will not attempt to pass a WCI-modelled cap-and-trade bill during the 2021 lawmaking session after two consecutive GOP walkouts thwarted action on ETS proposals, a legislator told Carbon Pulse.
Read MoreFive Wisconsin-based offset projects seek entry into California LCFS market
Five California Carbon Offset (CCO) projects based in Wisconsin have applied to move into the state’s Low Carbon Fuel Standard (LCFS), marking the seventh out-of-state dairy digesters to do so this month.
Read MoreDOJ appeals California-Quebec ETS linkage case to Ninth Circuit
The US Department of Justice (DOJ) filed an appeal Monday evening in the California-Quebec ETS linkage case after a lower federal court ruled earlier this year that the cross-border agreement did not violate the Constitution.
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