WCI Markets: ARB rulemaking update expectations drive up CCAs amidst inexplicable WCA rally
Anticipation for the next stage in ETS rulemaking lifted California Carbon Allowance (CCA) prices in the secondary market over the last five sessions, while the $10 rally over the last two weeks in Washington Carbon Allowances (WCAs) continues to confound traders.
Read MoreCanadian cement manufacturer targets emissions reductions with $38 mln low-carbon fuel investment
A major cement producer commissioned Thursday a $38 million low-carbon fuel facility at its Alberta cement plant, anticipated to replace up to 50% of the site’s gas usage and reduce 30,000 tonnes of CO2 annually.
Read MoreWCI compliance instrument surplus exceeds 400 mln in Q3, while entities close accounts
The WCI compliance instrument surplus surpassed the 400 million mark in Q3 ahead of the November true-up deadline, although the number of account holders declined over the timeframe in light of general market participants’ exit.
Read MoreGlobal climate fund to invest up to $1 bln to decarbonise industry sectors in developing countries
One of the largest climate funds in the world announced on Thursday that it would invest up to $1 billion in technologies that reduce emissions from the industrial sector in developing countries.
Read MoreMexican nature-based projects not yet meeting demand for high-integrity credits, consultant says
The quality of carbon credits generated by forest carbon projects in Mexico are not meeting the market’s new demands for high quality offsets, a Mexican project consulting firm said Thursday.
Read MoreUK confirms £22 bln funding for CCS and hydrogen clusters, after years of waiting
The UK government has struck a commercial deal that will make up to £21.7 billion of funding available for carbon capture and hydrogen projects over 25 years, in what it sees as a turning point towards a new clean industrial era, it announced on Friday.
Read MoreRwanda, Sweden plan Article 6 cooperation
The Swedish Energy Agency (SEA) and the Rwandan Ministry of Environment signed an MoU on Thursday for a cooperative partnership under Article 6 of the Paris Agreement.
Read MoreVermont details study of potential state cap-and-invest programme
Vermont officials held a public webinar Thursday detailing their legislatively-mandated study on the potential of a state cap-and-invest programme to drive greenhouse gas (GHG) emissions reductions.
Read MoreEU ETS non-compliance rate dips following surrender deadline extension
The share of EU ETS-regulated installations and aircraft operators that are in non-compliance with the scheme has dropped below 3% for the first time in four years, after the annual permit surrender deadline was extended by five months.
Read MoreJapan-led AZEC could deepen fossil fuel reliance in the region, report says
Japan’s regional energy transition initiative featuring the promotion of nascent technologies could in turn deepen developing countries’ reliance on coal or liquefied natural gas (LNG), according to a report released Friday.
Read More
