CFTC: Traders roll to V25 CCAs, reducing V24 exposure
Traders continue to roll into V25 California Carbon Allowance (CCA) holdings, reducing V24 exposure over the last week, while producers increased RGGI Allowance (RGA) net length as futures prices briefly caught a headwind in a relatively illiquid market, according to data released Friday from the US Commodity Futures Trading Commission (CFTC).
Read MoreUS materials production results in $79 bln in climate costs to society -study
Researchers at the University of California found that US manufacturing of major materials – including cement, steel, and asphalt – produced $79 billion in externalised climate costs, with the authors recommending carbon pricing measures to better address emissions in a paper published Friday.
Read MoreStudy identifies industrial sectors best and least suited for CCS deployment
A new study published Friday identifies the specific US industrial processes that carbon capture and storage (CCS) deployment is best suited for, and those that are better left for other decarbonisation tools.
Read MoreGerman cement plant receives €157 mln for CCUS upgrade
A consortium of two Mexican and European companies have received a €157 million ($170 mln) grant from the EU Innovation Fund to finance a carbon capture utilisation and storage (CCUS) project at a German cement plant, the companies announced Tuesday.
Read MoreNGOs, private sector must abandon orthodoxy to scale nature-based CDR -panellists
Conservation non-profits, investors, and offtakers alike must step outside their traditional ideologies if nature-based carbon removals (CDR) are to scale, according to the architects of a major CDR deal speaking at COP16 in Cali, Colombia on Friday.
Read MoreGlobal wind turbine supply chain linked to illegal Amazon deforestation -investigation
A global increased push for wind energy has led to a rise in the illegal logging of balsa wood in Ecuador and Peru, resulting in deforestation and violation of Indigenous rights, according to a report published Wednesday by a London-based investigative non-profit.
Read MoreBacklog of projects in Verra pipeline raises concern after standard body cuts staff
Falling credit issuance and a bulging backlog of projects in the pipeline for processing and certification in the Verra registry has raised concerns about the standard body’s promise to speed up its service after releasing around a quarter of its staff, market participants told Carbon Pulse.
Read MoreUK’s 2025 auction schedule shows 19% volume reduction from 2024
The main futures exchange that handles UK Allowances trade announced its auction programme for 2025 late on Friday, revealing a 19% drop in auction supply next year.
Read MoreINTERVIEW: Startup pitches chromium replacement carbon solution for steel industry with potential to earn offsets
A California-based startup is offering the steel industry a new product that it claims can replace a common, but toxic, coating material while cutting manufacturing emissions.
Read MoreEuro Markets: EUAs record biggest weekly rise since May as gas-driven market consolidates gains
European carbon allowances posted the largest weekly increase in nearly six months, advancing 7.5% in five days as prices consolidated the gains made over the previous two sessions in line with gas prices reaching a two-month high, while traders speculated that the recent rally from the €60.00 level may have signalled the bottom of the market for the rest of the year.
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