CN Markets: CEA price declines amid shrinking liquidity despite market expansion plans
Recent policy updates on sectoral expansion failed to boost trading activity in China’s emissions market over the past week, which saw permit prices fall below 90 yuan ($12.69) again with shrinking liquidity.
Read MoreCAD Trust partners with QAI to advance carbon market data initiatives
The Climate Action Data Trust (CAD Trust) and Quantedge Advancement Initiative (WAI) announced a two-year funding partnership Friday to catalyse climate change action and improve carbon market data, the former said.
Read MoreChina’s Sichuan seeks forest carbon offset methodologies under local scheme
The government of China’s Sichuan province is seeking methodological proposals on the development of forest carbon sinks under the local offset scheme.
Read MoreAU Market: Over 1 mln units traded in a single day pushes ACCU prices to 16-month high
The generic spot price for Australian Carbon Credit Units (ACCUs) reached a 16-month high Thursday off the back of over 1 million credits changing hands throughout the day.
Read MoreGerman biogas company raises funding to scale up carbon-negative plug-and-play plants
A German biogas energy startup has raised $62 million in Series A funding following an oversubscribed round, enabling it to begin producing power plants and meet pre-orders from farmers and industrials, it announced on Friday.
Read MoreJapanese trading house to join world’s largest low-carbon ammonia project
A major Japanese trading house has secured a preliminary agreement to buy a stake in a large low-carbon ammonia project in the US, it announced Friday.
Read MoreCalifornia LCFS takes the spotlight during contentious environmental justice meeting
Discussions surrounding California’s cap-and-trade programme took a backseat as a joint meeting Thursday between regulator ARB and the Environmental Justice Advisory Committee (EJAC) focused largely on shortfalls in proposed changes to the state’s Low Carbon Fuel Standard (LCFS).
Read MoreSoaring summer temperatures push California power sector emissions higher YoY in June, July
California’s power sector emissions rose above 2023 levels in June and July with a rise in natural gas power generation and a concurrent decline in the share of renewables as the state sweltered under record temperatures.
Read MoreWCI Markets: CCAs drift awaiting programme updates from ARB
California Carbon Allowance (CCA) prices lacked direction as volatility eased through the week with markets awaiting programme updates from ARB, while Washington’s third quarterly auction cleared in the middle of market expectations.
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