NA 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 MoreVCM Report: CORSIA credit prices press higher, analyst predicts 2 bln-tonne annual VER demand
CORSIA-grade offset values on the voluntary carbon market (VCM) stretched all-time highs this week, while an analyst said yearly demand for voluntary emissions reductions (VERs) could eventually top out near the 2 billion-tonne mark.
Read MoreWCI emitters’ allowance length grows by largest amount in two months
Regulated entities boosted their California Carbon Allowance (CCA) length for the first time in 10 weeks over the most recent five-day stretch, while speculators kept their positions nearly unchanged, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreUS Carbon Pricing and LCFS Roundup for week ending July 16, 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 developments in North Carolina.
Read MoreUPDATE – Virginia judge rejects industry group lawsuit of RGGI regulation
The Virginia Department of Environmental Quality (DEQ) did not violate state law when it amended its RGGI-aligned cap-and-trade regulation to include full auctions, and the programme does not constitute an illegal tax in violation of Old Dominion’s Constitution, a judge ruled Wednesday, refuting a manufacturer-led challenge.
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