WCI Markets: CCAs head lower with WCA sell-off post Q1 auction
California Carbon Allowance (CCAs) prices have reversed direction to return to their post-auction lows, while Washington Carbon Allowances (WCA) took a hit after the state attempted to clarify the implications of a voter-led initiative that could upend the cap-and-trade scheme.
Read MoreNorth American firms partner to monitor direct ocean capture
A Montreal-based carbon removal project developer will evaluate direct ocean capture conducted at its facility through a partnership with a US ocean monitoring firm, the firms announced Thursday.
Read MoreEnvironmental products trading head departs European utility for Canadian power and gas firm
The head of North American environmental products at a European utility has left to join a Canadian power and gas trading firm.
Read MoreExecutives concerned by impending ESG regulations, investors remain undeterred -report
Executives are being pressed by an impending wave of environmental, social, and governance (ESG) regulations, while institutional investors remain resolute on the importance of ESG data in the face of recent controversy, with both embracing integrated reporting, according to a report published Tuesday.
Read MoreVCM Report: Voluntary carbon buyers sitting on sidelines despite high levels of credit retirements
Prices failed to budge, liquidity was thin last week, and there was a mix of opinion about the direction of the voluntary carbon market, with sources reporting a flood of new offers posted while others noted the cupboard was starting to run bare of good quality.
Read MoreCanadian carbon offset developer leverages MRV technology in vertical integration rebrand, dual listing effort
A Canadian-headquartered voluntary offset project developer has partnered with an MRV technology firm run by one of its co-founders to pursue vertical integration amid a company rebrand and proposed dual share listing.
Read MoreEntities add CCAs, speculators continue profit-taking run in RGGI according to latest US CFTC data
Emitters and speculators added to California Carbon Allowance (CCA) net holdings, closing out of Auction Clearing Price (ACP) contracts post the first permit sale of the year, while financial players continued their profit-taking run in RGGI Allowances (RGAs), weekly data from the US Commodities and Futures Trading Commission (CFTC) showed on Friday.
Read MoreOntario quadruples investment in provincial forest biomass programme
Ontario is providing an additional C$60 million ($43.3 mln) for its provincial forest biomass programme, it announced Friday, while also revealing the recipients of the latest tranche of project funding.
Read MoreAlberta TIER market credit prices decline in February ahead of retirement season
Spot credit prices under the Alberta Technology Innovation and Emission Reduction (TIER) programme dropped in February ahead of retirement season for 2023 compliance, with the provincial government expecting maximum offset usage, according to a report published late Thursday.
Read MoreVoluntary carbon credit retirements maintain pace in February, on track to reach 233 mln this year
Retirements of credits from the four largest voluntary carbon registries reached nearly 18 million last month, maintaining the momentum seen in January, data from the Carbon Pulse VCM Portal shows.
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