NA Markets: Cali. allowances decline after Q4 sale as RGGI finds support ahead of auction
California Carbon Allowance (CCA) prices cascaded this week after the release of the Q4 WCI auction results, as RGGI Allowances (RGA) found continued support on the secondary market ahead of the Northeast US cap-and-trade programme’s own quarterly auction.
Read MoreCalifornia distributes 158k offsets in smallest issuance since July
California regulator ARB this week divvied out 158,700 compliance offsets, breaking a six-week streak of issuances over 1 million and marking its smallest issuance since July.
Read MoreWCI emitters’ capital, emissions outlook could have played factor in Q4 auction buying
WCI compliance entities shifted their Q4 auction bidding strategies on future emissions outlooks for the linked cap-and-trade programme, internal allowance limits, and available capital, leading the group to procure fewer carbon permits than the previous sale, traders said.
Read MoreIATA launches aviation carbon credit exchange, announces first trade
Aircraft operators’ association IATA on Wednesday launched its Aviation Carbon Exchange (ACE) to facilitate trade in both CORSIA-eligible and voluntary offsets, also announcing the inaugural transaction on the platform.
Read MoreUS company launches personal carbon offset service from $10/tonne
A Colorado-based company announced a new service this week for consumers to buy voluntary carbon credits to offset their own emissions or those of others, with the initial product offerings coming from a handful of forestry projects.
Read MoreWCI Q4 current vintage auction sells out at steep discount to secondary market
Last week’s WCI current vintage auction sold out for the first time since February, but the settlement was beneath traders’ expectations as compliance entities purchased fewer allowances than the prior sale, according to results released Tuesday afternoon.
Read MoreTCI could finish carbon market framework by mid-December, as new polling shows opposition
The TCI consortium is expected to release a final Memorandum of Understanding (MOU) by mid-December that would allow participating US jurisdictions to advance the proposed transport cap-and-trade programme next year, while new polling shows public opposition to the scheme.
Read MoreRFS Market: RIN prices slide in holiday-shortened week
US biofuel credit (RIN) values fell towards a three-week low on Tuesday, while biofuel and agriculture groups called on a federal court to force the EPA to address an improper waiver given out under the Renewable Fuel Standard (RFS) several years ago.
Read MorePresident-elect Biden taps Kerry as US climate ‘czar’
US President-elect Joe Biden (D) named former Secretary of State John Kerry (D) to a chief climate position in his administration on Monday, selecting a Paris Agreement veteran as the Democratic nominee seeks to immediately rejoin the pact next year.
Read MoreCalifornia gasoline sales dip in September as YoY trend rebounds at a slower pace
California gasoline consumption dropped in September from the prior month, but the year-on-year trend inched closer to 2019 levels, according to federal data released this week.
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