California offset issuances drop under 500k as supply climbs to 161.5 mln
California regulator ARB granted under half a million California Carbon Offsets (CCOs) across three protocols this week and reduced the invalidation period on an additional 447,000 offsets, state data showed.
Read MoreQ3 WCI auction settlement retraces from previous high, discount tightens
The California-Quebec current vintage auction settlement dipped from the WCI programme’s all-time high in May as entities sought additional discounts from lower secondary market prices this summer, results showed Tuesday.
Read MoreCalifornia mine methane capture offsets risk non-additionality and increasing coal profitability -study
The design of California’s mine methane capture (MMC) offset protocol may incentivise non-additional emission reductions and allow coal operations to run longer by improving profitability, researchers said in a new study.
Read MoreOregon Senate Democrats will seek constitutional amendment after ETS bill failure
Oregon Senate Democrats will look to amend the constitution next year to prevent Republicans from denying the majority party a quorum to conduct legislative business, a feat that helped sink the US state’s WCI-modelled cap-and-trade proposal this summer.
Read MoreNA Markets: California allowances dip ahead of auction, RGGI units continue fall
California Carbon Allowance (CCA) prices declined this week ahead of the Q3 WCI auction, while RGGI allowances (RGAs) continued their bearish trend to remain at an 11-month low on the secondary market.
Read MoreCARBON FORWARD 2019 – EU renewable credit prices stumble ahead of France auction debut
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Read MoreCanadian Conservative climate plan seen missing Paris target by nearly 200 Mt -report
The Canadian federal Conservatives’ climate plan would take the country even further off its Paris Agreement GHG target by scrapping or altering a variety of CO2 pricing and clean fuel measures and replacing them with negligible or difficult-to-measure initiatives, according to a new policy brief.
Read MoreAnalysts lower near-term WCI price forecast on weaker fundamentals
More abundant hydroelectric power generation and stagnant fuel consumption should help depress WCI carbon prices in the near-term, but increased power demand from electric vehicle adoption could take allowance values higher over the next decade, analysts said.
Read MoreANALYSIS: Softer August WCI auction result seen after bearish market trend
Traders are anticipating another settlement below the secondary market for the quarterly WCI auction, as compliance entities look to take advantage of the programme’s recent bearish trend and scoop up allowances at discounted levels.
Read MoreRenewables intermittency, affordability pose challenges for California’s carbon neutrality
Replacing California’s fossil fuel power generation with 100% renewables and safeguarding low-income communities against price hikes present challenges for achieving the state’s 2045 carbon neutrality goal, experts said at a multi-day hearing.
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