Stakeholders raise legality, reliability concerns about California 2022 Scoping Plan options
Stakeholders are advocating for California regulator ARB to increase the stringency or the long-term certainty of its WCI-linked cap-and-trade programme in the 2022 Scoping Plan, while power utilities and an oil major raised reliability and legality questions about current scenarios, public comments show.
Read MoreVCM Report: Nature-based VER values lift past CORSIA-eligible units
Prices for exchange-traded, standardised voluntary emissions reductions (VERs) rose more quickly among nature-based products than CORSIA-qualified credits for the second straight week, reasserting a premium in the voluntary carbon market (VCM) that had evaporated earlier this month.
Read MoreUS, EU ink methane pact in push to help get COP26 climate summit back on track
The US and EU have jointly pledged to slash their methane emissions, in an internationally coordinated move seen as a significant step ahead of next month’s UN climate talks, which observers warn are at risk of faltering.
Read MoreWCI emitters added to short positions for second consecutive week as financials remain static
WCI regulated entities increased their open short positions for the second consecutive week as prices began to rebound in the futures market, while speculators’ holdings rose slightly over the period, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreLowest WCI auction volumes since Q1 announced ahead of Nov. 17 sale
The Q4 California-Quebec auction will feature the lowest volume since the first quarter due to a reduction of unsold allowances, with the auction announcement on Friday coming on the heels of all-time highs on the secondary market this week.
Read MoreCARBON FORWARD 2021: Amid global carbon credit boom, experts gather to discuss risks, opportunities
The sixth instalment of Carbon Forward – the premier annual environmental markets conference – is back, and it’s stacked with a first-class line-up of speakers to discuss the global boom in carbon credit prices, as well as government- and corporate-led efforts to scale up these markets.
Read MoreUS Carbon Pricing and LCFS Roundup for week ending Sep. 17, 2021
A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including developments in Illinois and Pennsylvania.
Read MoreNew offset-backed crypto currency aims to drive up voluntary carbon prices
A new digital currency protocol is closing its ‘fair launch’ auction on Friday, raising funds it intends to use to buy voluntary carbon offsets in a bid to drive up market prices and force big companies to reduce their emissions.
Read MoreCargill unveils initiative to pay US farmers for carbon sequestration
Commodities trading firm Cargill is launching a programme that will pay American farmers to engage in practices that cut greenhouse gas emissions and improve soil health.
Read MoreFollowing recent trend, new speculative firm opens RGGI account
A new speculative trading firm opened a RGGI CO2 Allowance Tracking System (COATS) account on Thursday, with the new registration aligning with the recent trend of financial firms entering the Northeast carbon market.
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