California punts endorsement of Tropical Forest Standard to 2019
California regulator ARB on Friday postponed a decision until next spring on whether to approve the Tropical Forest Standard (TFS) that could allow jurisdictions to link their sector-based offset programmes to the state’s carbon market, with stakeholders warning of the standard’s environmental and social ramifications.
Read MoreNodal Exchange, IncubEx launch environmental trading products
Nodal Exchange and IncubEx launched their first tranche of environmental products in North American carbon, renewable energy, and other environmental markets on Friday, adding another player offering futures contracts in the market.
Read MoreNA Markets: California prices tick up into auction as RGGI regresses
California Carbon Allowances (CCAs) rose this week as the market received more clarity on next year’s price floor and ahead of the final 2018 auction, while RGGI prices slid on thin activity.
Read MoreCalifornia defends cap-and-trade price ceiling, tiers while stakeholders take aim
California officials on Thursday defended their stance on the state carbon market’s price ceiling and Allowance Price Containment Reserve (APCR) in the post-2020 period, amid strong opposition from environmental justice and compliance entities.
Read MoreCalifornia issued nearly 51k offsets before compliance deadline, data shows
California regulator Air Resources Board (ARB) issued more than 835,000 offsets over the past three weeks, including roughly 51,000 credits before the WCI market’s Nov. 1 compliance deadline, state data showed Wednesday.
Read MoreAnalysts cut WCI price forecast as fuel sales slow
A mounting allowance surplus spurred by declining fuel sales in the WCI cap-and-trade programme should result in smaller price gains than previously expected following Wednesday’s auction and into the next decade, according to analysts.
Read MoreRGGI volume, prices increase while transfers decline in Q3 -report
RGGI prices and trading activity increased significantly on the secondary market during the third quarter, but the ETS saw fewer transfers between unaffiliated companies, according to a report published Wednesday.
Read MoreCalifornia’s 2019 CO2 price floor to rise to $15.62, inflation data suggests
California’s 2019 cap-and-trade price floor should rise to $15.62 after year-over-year inflation increased slightly to 2.5% during October, data showed on Wednesday.
Read MoreNYISO carbon charge would have minor impact on emissions, studies show
The New York Independent System Operator’s (NYISO) proposed carbon charge would have a minor impact on emissions inside of the state and across the region, while leading to little change in the RGGI market, three independent studies found.
Read MoreWCI Q4 auction seen clearing close to secondary market, but consensus view evades
The California-Quebec November current vintage auction will likely settle within a few cents of the secondary market, most traders predict, but there did not appear to be consensus view as to whether it would be at a discount or premium.
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