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WCI speculative holdings rise as emitters add length for 2nd straight week

Published 21:28 on July 23, 2021  /  Last updated at 21:28 on July 23, 2021  /  Americas, Canada, US  /  No Comments

WCI speculative firms added to their California Carbon Allowance (CCA) position over the past week, as emitters slightly increased their holding over the period to mark the second consecutive week-on-week gain, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

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US Carbon Pricing and LCFS Roundup for week ending July 23, 2021

Published 16:56 on July 23, 2021  /  Last updated at 16:56 on July 23, 2021  /  Americas, Canada, CBAM, International, RINs & LCFS, US  /  No Comments

A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including in Washington state and federal legislation regarding a carbon tariff.

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New banking regulations “unduly penalise” EU carbon trading -financial markets trade group

Published 14:43 on July 23, 2021  /  Last updated at 14:43 on July 23, 2021  /  Americas, EMEA, EU ETS, International, UK ETS, US, Voluntary Market  /  No Comments

New European banking regulations could unduly hamper global carbon trading by assigning an excessive risk weighting and penalising allowance carry trades in the EU ETS, a major trade organisation representing financial market participants has warned.

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California natural gas generation rises in 2020 as power demand slumps

Published 22:52 on July 22, 2021  /  Last updated at 22:52 on July 22, 2021  /  Americas, Canada, US  /  No Comments

California electricity consumption declined to a near-term low in 2020 as a result of the COVID-19 pandemic, but natural gas-fired generation still increased over the past year due to a drop in hydroelectric capacity, according to state figures. 

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NA Markets: CCA prices retrace further despite influx of V20 buying, RGGI stagnates on low demand

Published 22:44 on July 22, 2021  /  Last updated at 22:44 on July 22, 2021  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices this week declined despite a surge in transacted volume, while RGGI Allowance (RGA) values edged down slightly across the week with limited buying interest.

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Quebec rejects LNG project over potential GHG impacts

Published 15:49 on July 22, 2021  /  Last updated at 21:27 on July 22, 2021  /  Americas, Canada, US  /  No Comments

The Quebec government declined to authorise a proposed natural gas liquefaction facility on Wednesday due to concerns that the project would not lead to a net reduction in global emissions.

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LCFS Market: California prices bounce back from 2.5-mth low as offers rise

Published 22:31 on July 21, 2021  /  Last updated at 22:33 on July 21, 2021  /  Americas, RINs & LCFS, US  /  No Comments

California Low Carbon Fuel Standard (LCFS) credit values lifted off recent lows this week, though market participants reported large offers were backing up in light of the uptick.

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Washington fire torches second-largest California offset project

Published 16:22 on July 21, 2021  /  Last updated at 16:22 on July 21, 2021  /  Americas, Canada, US  /  No Comments

A wildfire in Washington state has lit up portions of a forestry offset project that has generated the second most credits to date under California’s WCI-linked cap-and-trade programme, according to data and sources.

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Climate Action Reserve proposes forecast carbon credit methodology for forest fuel treatments

Published 22:30 on July 20, 2021  /  Last updated at 16:13 on July 21, 2021  /  Americas, US, Voluntary Market  /  No Comments

Offset registry Climate Action Reserve (CAR) on Monday announced it is developing an ex-ante crediting methodology for fuel treatments, including prescribed burns, in order to reduce the severity of wildfires in the western US.

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Global stimulus spending not enough to prevent record emissions by 2023 -IEA

Published 16:27 on July 20, 2021  /  Last updated at 01:20 on July 21, 2021  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, US  /  No Comments

The International Energy Agency (IEA) has warned that current government spending on post-COVID recovery measures isn’t targeting sufficiently clean energy investment, and that carbon emissions may climb to record levels by 2023 as a result.

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