WCI Markets: CCA sentiment sours ahead of Q4 auction
California Carbon Allowances (CCA) futures sold off sharply through the week ahead of the last quarterly allowance sale – with traders concerned over the lack of movement on the regulatory front from ARB – diverting attention away from the increase in Washington Carbon Allowance (WCA) prices.
Read MoreAlberta uses C$40 mln from carbon market to attract low emissions innovations
The Canadian province of Alberta announced on Wednesday a C$40 million ($28.5 mln) investment that seeks to advance early- and late-stage low emissions products expected to increase the competitiveness of manufacturing and resource sectors in the region.
Read MoreUPDATE – COP29: California requests Quebec to delay draft WCI cap-and-trade regulations till Q1 2025
Quebec will publish draft amendments to its cap-and-trade programme in early 2025 on request of a delay from California, the Quebec environment minister told Carbon Pulse on the sidelines of COP29.
Read MoreCOP29: Canadian oil and gas emissions cap not expected to survive legal challenge, Alberta stakeholders say
Alberta government and industry were sceptical of the viability and effectiveness of Canada’s emissions cap on its oil and gas sector, highlighting instead the success of provincial emissions reductions efforts on the sidelines of COP29.
Read MoreARB’s latest two-week offset outlay offers under 10% of DEBs
California regulator ARB’s latest issuance of compliance-eligible offsets was the smallest since the end of June with slim pickings of this distribution having direct environmental benefits (DEBs) to the state, agency data released Wednesday showed.
Read MoreCanadian carbon project developer sells 10k offsets to RBC, Microsoft
A Montreal-based carbon removal project developer announced on Wednesday the sale of 10,000 CO2 removal (CDR) credits to its first buyers.
Read MoreLosses mount for carbon credit financier after it writes off two more projects
A Toronto-based carbon credit financier has seen its financial losses mount after it was forced to write off two more projects.
Read MoreCanada plans to tax the small business carbon tax rebate overdue for five years
The federal government plans to tax the carbon tax rebate still owed to small businesses five years into Canada’s federal carbon levy, a non-profit said Tuesday.
Read MoreCOP29: Canada unveils climate finance platform for vulnerable regions
Canada’s environment minister announced on Tuesday a new finance platform to mobilise climate-focused investments in vulnerable regions at the UN conference in Baku.
Read MoreCanadian biochar carbon project developer announces third deal this month
A Canadian carbon project developer has announced its third deal this month to expand biochar production.
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