Xpansiv taps second CME veteran for carbon market role
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.
Read MoreFEATURE: Crypto has big plans for the carbon market
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.
Read MoreCalifornia power emissions fall in September as gas generation wanes
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.
Read MoreANALYSIS: REDD faces longer road to Paris era crediting after Glasgow talks setback
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.
Read MoreFinancials’ CCA length breaches 100 mln before Q4 auction, emitters hold firm
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.
Read MoreClean energy largely absent from US House reconciliation package, ‘Three Amigos’ statement
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.
Read MoreLCFS Market: California prices continue slide towards $140
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.
Read MoreCalifornia gasoline consumption ticks up in August for new pandemic-era high
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.
Read MoreMassachusetts governor rejects TCI, in probable death knell for carbon market
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.
Read MoreNA Markets: CCAs notch new records before quarterly auction, RGGI inches down
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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