NA Markets: California allowances retrace gains amid further volatility, RGGI finds support
California Carbon Allowance (CCA) prices ceded previous gains during another hectic week of trading as participants remain wary of how the COVID-19 pandemic will impact WCI emissions, while RGGI allowances (RGAs) maintained their recent bullish trend.
Read MoreSeveral states postpone CORSIA reporting deadline as virus-decimated airlines plea for changes
At least three large nations have postponed CORSIA deadlines for their airlines to report 2019 emission data due to coronavirus disruptions, even as auditors insisted on Thursday that the checks can be completed with little difficulty.
Read MoreFEATURE: Verra aims for more streamlined process with in-house offset registry
Offset standard developer and manager Verra is seeking to cut red tape and costs for stakeholders by launching its own registry, becoming the latest US-based organisation to administer its own system.
Read MoreCalifornia not considering change to ETS auction schedule, compliance deadline
California regulator ARB does not intend to alter its current cap-and-trade auction schedule or compliance deadlines as a result of the COVID-19 pandemic sweeping across the US, an agency spokesperson told Carbon Pulse Wednesday.
Read MoreCalifornia breaks two-year offset issuance streak as it mints zero credits
California issued no new offsets or reduced any invalidation periods this week for the first time in nearly two years, according to data published by regulator ARB on Wednesday.
Read MoreNew Mexico, Nevada adhering to climate policy timelines during coronavirus outbreak
New Mexico and Nevada are maintaining schedules to outline potential climate change and carbon pricing strategies by later this year, even as the COVID-19 pandemic presents logistical challenges for the Southwest US states.
Read MoreTCI should use supply-curbing mechanism in final ETS design -report
The US Transportation and Climate Initiative (TCI) should include a supply-curbing mechanism in its final cap-and-trade design to ensure reliable revenues to invest in fuel sector CO2 abatement, according to a think-tank report released Tuesday.
Read MoreCOVID-19 impacts on US power markets rise, as fuel data points to lower California consumption
Northeast power consumption declines due to the COVID-19 are increasing, while California fuel use appears set to dip based on initial state and national data points.
Read MoreLCFS Market: California prices sink heading into PG&E auction
California Low Carbon Fuel Standard (LCFS) prices declined ahead of utility Pacific Gas & Electric’s (PG&E) Tuesday auction, though some participants thought the market was already primed for a retracement amid the prolonged coronavirus outbreak.
Read MoreRGGI Q2 auction volume inches up to 16.3 mln
The Northeast US RGGI carbon market will offer 16.3 million allowances for sale at its June auction, the 10-state programme announced on Tuesday.
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