Financials cut, emitters add to California carbon position
Speculators reduced their net length in California Carbon Allowances (CCAs) during the past week, while compliance entities boosted their position and whittled down their overall net short amid the October contract expiry, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreCOP26: US eyes less than $100/tonne DAC technology to hit net zero
The US Department of Energy (DOE) on Friday announced a goal to slash the cost of direct air capture (DAC) to under $100/tonne by 2030, saying otherwise nations will not stay within the bounds of Paris Agreement temperature limits.
Read MoreLCFS Market: California credits fall back to 3.5-year low as Q2 surplus weighs
California Low Carbon Fuel Standard (LCFS) values slid further into the $150 range this week as market participants continued to process a bearish data release for the transportation sector programme in Q2.
Read MoreUPDATE – Major London-based exchanges make first foray into voluntary carbon market
Two major London-based exchanges have announced plans to launch products that will give buyers access to the fast-growing voluntary carbon market.
Read MoreCOP26: Roundup for Day 5 – Nov. 5
Delegates at COP26 in Glasgow are nearing the end of the first week, but with everything still in play on issues such as the future of carbon markets.
Read MoreCOP26: Steel decarbonisation rises on int’l agenda as border measures eyed
High-level initiatives promoting ‘near-zero steel’ at COP26 talks this week have helped shift discussions away from technology-agnostic emissions targets, with a growing club of supportive nations showing signs of a parallel push to impose border measures on dirtier producers.
Read MoreNA Markets: CCA bull run halts near $32, RGGI allowances fluctuate after Virginia election
California Carbon Allowances (CCAs) ripped to a new all-time high this week as options activity heated up close to the 2021 WCI auction reserve price, while RGGI Allowance (RGA) values experienced a volatile stretch as Virginia voters elected a Republican governor and House of Delegates.
Read MoreUPDATE – California cap-and-trade emissions crash 10% in pandemic-afflicted 2020
GHG output under California’s WCI-linked carbon market plunged 10% in 2020 as impacts of the COVID-19 pandemic weighed across multiple economic sectors, according to data posted by state regulator ARB on Thursday.
Read MoreOffset developer ClimeCo acquires women-owned ESG consultancy
US-based carbon offset developer ClimeCo has acquired a women-owned ESG consultancy, it announced Thursday.
Read MoreCOP26: Roundup for Day 4 – Nov. 4
Day 4 of COP26 in Glasgow is Energy Day, while delegates continue technical negotiations on all issues in closed sessions.
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