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Xpansiv taps second CME veteran for carbon market role

Published 18:43 on November 22, 2021  /  Last updated at 01:58 on November 24, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, New Market Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

A senior employee at CME Group has taken on a carbon markets role at Xpansiv, marking the latest recent hire to depart the US-based exchange for the ESG commodities trading platform.

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FEATURE: Crypto has big plans for the carbon market

Published 04:09 on November 22, 2021  /  Last updated at 02:35 on November 23, 2021  /  Americas, Asia Pacific, Australia, Bavardage, International, New Market Mechanisms, US, Voluntary Market  /  No Comments

Carbon-backed crypto initiative Klima DAO has shaken the voluntary offset market since its launch a month ago, and it could be just the start as decentralised finance and blockchain ventures eye up project development and intergovernmental emissions trade.

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California power emissions fall in September as gas generation wanes

Published 22:44 on November 19, 2021  /  Last updated at 22:44 on November 19, 2021  /  Americas, Canada, US  /  No Comments

Electricity sector CO2 emissions under the California Independent System Operator (CAISO) receded to a three-year low in September as fossil gas power reduced and imports rose, according to data published Friday.

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ANALYSIS: REDD faces longer road to Paris era crediting after Glasgow talks setback

Published 22:08 on November 19, 2021  /  Last updated at 22:09 on November 19, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Efforts to develop REDD+ forest protection carbon credits in the Paris Agreement era risk a long road ahead, as divisive views marked the Glasgow COP26 climate summit.

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Financials’ CCA length breaches 100 mln before Q4 auction, emitters hold firm

Published 21:53 on November 19, 2021  /  Last updated at 21:53 on November 19, 2021  /  Americas, Canada, US  /  No Comments

Speculators cut their net length in California Carbon Allowance (CCAs) this week to the lowest level in five months, while compliance entities kept their positions mostly steady as the November WCI sale approached, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

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Clean energy largely absent from US House reconciliation package, ‘Three Amigos’ statement

Published 21:00 on November 19, 2021  /  Last updated at 22:48 on November 19, 2021  /  Americas, Canada, Mexico, US  /  No Comments

US Democrats’ $1.9 trillion Build Back Better (BBB) package passed the House of Representatives Friday, but the budget legislation excluded clean power programmes that were also noticeably absent from a statement following the North American leaders’ summit.

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LCFS Market: California prices continue slide towards $140

Published 20:06 on November 19, 2021  /  Last updated at 20:06 on November 19, 2021  /  Americas, RINs & LCFS, US  /  No Comments

California Low Carbon Fuel Standard (LCFS) prices dug new multi-year lows this week as traders said credit generators persisted on the offer and compliance entities were uninterested in bidding.

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California gasoline consumption ticks up in August for new pandemic-era high

Published 17:43 on November 19, 2021  /  Last updated at 17:43 on November 19, 2021  /  Americas, Canada, US  /  No Comments

California gasoline usage inched up in August and narrowed closer towards pre-pandemic levels, as diesel consumption also increased slightly, according to state data published this week.

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Massachusetts governor rejects TCI, in probable death knell for carbon market

Published 01:23 on November 19, 2021  /  Last updated at 01:40 on November 19, 2021  /  Americas, US  /  No Comments

Massachusetts Governor Charlie Baker (R) on Thursday said the state will not be participate n the Transportation and Climate Initiative Program (TCI-P) after Connecticut rejected the programme, spelling a likely end to the proposed fuel sector cap-and-trade system. 

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NA Markets: CCAs notch new records before quarterly auction, RGGI inches down

Published 22:41 on November 18, 2021  /  Last updated at 22:41 on November 18, 2021  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices leapt once again to fresh all-time highs this week prior to the Q4 WCI auction, as RGGI Allowances (RGAs) set their own new top before melting towards the 2021 Cost Containment Reserve (CCR) trigger price.

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