CFTC: CCA investors flock to V25 as prices spiral lower, RGGI traders quietly add net length
Financial entities continued to trim V24 California Carbon Allowance (CCA) exposure and build V25 length this week as futures prices spiralled lower into the Q4 WCI allowance sale after sentiment soured with news of regulatory delays, while traders added to RGGI Allowance (RGA) net length even as price action stalled, according to data released Friday from the US Commodity Futures Trading Commission (CFTC).
Read MoreWCI Markets: CCA futures, options trade explodes to multi-year records around Q4 auction
California Carbon Allowances (CCA) futures and options activity on ICE ramped to record levels into the last quarterly permit sale of 2024 earlier this week, with sentiment recast lower after ARB delayed cap-and-trade updates to the new year, while lack of liquidity clouds hints of momentum in Washington Carbon Allowances (WCA).
Read MoreCarbon credit financier names commodities trading “expert”, activist investor as new CEO
A Toronto-based carbon credit project financier has named a commodities trading “expert” and activist investor as its new CEO.
Read MorePREVIEW: ARB’s ETS rulemaking delays recast WCI Q4 auction sentiment lower, outsized ACP positions skew expectations
A larger cross-section of traders polled expect the last quarterly California-Quebec current vintage carbon allowance auction for 2024 to clear discounted to front-month California Carbon Allowance (CCA) prices after market sentiment soured with ARB delaying cap-and-trade regulatory updates, but unusual Auction Clearing Price (ACP) futures open interest (OI) could skew the outcome.
Read MoreCOP29: Corporates call for carbon pricing certainty to decarbonise heavy industry
Heavy-emitting industries point to carbon capture and storage (CCS) as essential to achieve emissions reductions, but the current ecosystem of global carbon pricing measures remains insufficient for scale-up, corporates said on the sidelines of the COP29 global climate summit in Baku, Azerbaijan.
Read MoreCalifornia natural gas emissions spike in 2023 under cap-and-trade programme
Emissions from gas supplied rose year-on-year in 2023, even as overall GHG output under the California cap-and-trade programme continued a declining trend led by transportation, power, and industry sectors, according to data from the regulator.
Read MoreUS-based ocean CDR startup names new leadership
A US-based ocean carbon removal startup has announced a series of leadership appointments aimed at accelerating the deployment of its carbon capture technology.
Read MoreCanadian, Indigenous govts ink landmark C$375-mln conservation deal
The Canadian and Indigenous governments, together with a group of private donors, signed on Thursday an agreement set to unlock C$375 million ($270 mln) over the next 10 years for conservation efforts in the Northwest Territories (NWT).
Read MoreCalifornia’s environmental justice advisory body recommends scrapping ETS free allowances, offsets
California regulator ARB’s Environmental Justice Advisory Committee (EJAC) on Thursday approved a set of recommendations for cap-and-trade programme revisions, which included calls to eliminate free allowances and offsets.
Read MoreCarbon credit financier notches small profit in Q3 despite project write-down
A Toronto-based carbon credit financier eked out a small net profit in Q3 2024 despite further writing down the value of one of its projects.
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