North American Clean Fuels Markets: Regulatory roadblock pushes LCFS credit prices below $60
California’s Low Carbon Fuel Standard (LCFS) credit prices slid below $60 for the first time this year as uncertainty surrounding the implementation timeline of programme updates continued to weigh on market sentiment, while Canada considered retaliatory tariffs on US biodiesel imports.
Read MoreEuro Markets: EUAs hit 10-month high moderate trade as gas surges on North Sea outage
European carbon allowance prices jumped 3% on Thursday and touched a 10-month high as the market began to resume normal activity after the holiday break, with front-December EUAs picking up their correlation with TTF natural gas prices that rose steeply on the back of outages in the North Sea.
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