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NA Markets: Cali. allowances decline after Q4 sale as RGGI finds support ahead of auction

Published 12:10 on November 26, 2020  /  Last updated at 17:18 on November 26, 2020  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices slid 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.

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California distributes 158k offsets in smallest issuance since July

Published 17:06 on November 25, 2020  /  Last updated at 17:06 on November 25, 2020  /  Americas, Canada, US  /  No Comments

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.

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WCI emitters’ capital, emissions outlook could have played factor in Q4 auction buying

Published 16:06 on November 25, 2020  /  Last updated at 16:06 on November 25, 2020  /  Americas, Canada, US  /  No Comments

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.

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IATA launches aviation carbon credit exchange, announces first trade

Published 16:03 on November 25, 2020  /  Last updated at 18:18 on November 25, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, EMEA, International, New Market Mechanisms, South & Central, US, Voluntary Market  /  No Comments

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.

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US company launches personal carbon offset service from $10/tonne

Published 10:26 on November 25, 2020  /  Last updated at 10:50 on November 25, 2020  /  Africa, Americas, Asia Pacific, International, Other APAC, REDD, US, Voluntary Market  /  No Comments

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.

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WCI Q4 current vintage auction sells out at steep discount to secondary market

Published 16:44 on November 24, 2020  /  Last updated at 08:21 on November 25, 2020  /  Americas, Canada, US  /  No Comments

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.

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TCI could finish carbon market framework by mid-December, as new polling shows opposition

Published 12:42 on November 24, 2020  /  Last updated at 17:32 on November 24, 2020  /  Americas, US  /  No Comments

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.

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RFS Market: RIN prices slide in holiday-shortened week

Published 12:36 on November 24, 2020  /  Last updated at 14:08 on November 24, 2020  /  Americas, RINs & LCFS, US  /  No Comments

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.

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President-elect Biden taps Kerry as US climate ‘czar’

Published 13:28 on November 23, 2020  /  Last updated at 19:21 on November 24, 2020  /  Americas, Climate Talks, US  /  No Comments

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.

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California gasoline sales dip in September as YoY trend rebounds at a slower pace

Published 11:18 on November 23, 2020  /  Last updated at 19:42 on November 24, 2020  /  Americas, Canada, US  /  No Comments

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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