WCI speculative holdings rise as emitters add length for 2nd straight week
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.
Read MoreUS Carbon Pricing and LCFS Roundup for week ending July 23, 2021
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.
Read MoreNew banking regulations “unduly penalise” EU carbon trading -financial markets trade group
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.
Read MoreCalifornia natural gas generation rises in 2020 as power demand slumps
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.
Read MoreNA Markets: CCA prices retrace further despite influx of V20 buying, RGGI stagnates on low demand
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.
Read MoreQuebec rejects LNG project over potential GHG impacts
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.
Read MoreLCFS Market: California prices bounce back from 2.5-mth low as offers rise
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.
Read MoreWashington fire torches second-largest California offset project
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.
Read MoreClimate Action Reserve proposes forecast carbon credit methodology for forest fuel treatments
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.
Read MoreGlobal stimulus spending not enough to prevent record emissions by 2023 -IEA
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.
Read More
