PREVIEW: Washington’s Q3 auction forecasts clouded by programme uncertainty
Market participants maintained modest expectations for the upcoming Washington Carbon Allowance (WCA) auction on Wednesday in light of ongoing anxiety surrounding the fate of the state’s cap-and-trade scheme.
Read MorePREVIEW: Traders expect discounted RGGI Q3 auction clear, compliance participation key
Traders favour the Q3 RGGI permit sale to clear at a discount to secondary market prices, with compliance demand a key factor determining the settlement.
Read MoreWashington CFS overhauls validation, verification in draft regulation
Washington’s draft Clean Fuel Standard (CFS) language includes updates to its third-party verification programme and changes to credit generation, according to information published by the Department of Ecology (ECY) on Friday.
Read MoreUPDATE – Latest NZ ETS auction sees another bidless round
The third New Zealand ETS auction for 2024 has failed to clear, with not a single bid being submitted, repeating the results of the last permit sale held in June.
Read MoreBrazil’s CCS bill passes Senate committee, goes to plenary
A Brazilian Senate committee approved on Tuesday a long-awaited bill with key carbon capture and storage (CCS) elements, sending it to plenary.
Read MoreUK acknowledges flagship carbon capture programme faces challenges staying on track
The director of carbon capture and storage (CCS) in the UK government acknowledged at a conference on Tuesday that the country faces challenges meeting its capacity targets.
Read MoreVCM Report: Signs of life emerge but voluntary carbon market still yet to spark
Signs of life started to emerge in the voluntary carbon market last week, with brokers reporting an uptick in fresh offers and better buying appetite, although prices were little moved and liquidity remained thin.
Read MoreSpain’s Ribera seen as most likely pick for EU climate chief
The Spanish Minister for the Ecological Transition, who was appointed to Brussels last week by her government, is widely tipped for the European Commission’s climate portfolio, but is not certain to be confirmed in time for the COP29 summit in Baku.
Read MoreEuro Markets: EUAs plunge 3.2% to one-month low amid energy weakness
European carbon prices dropped to their lowest in a month on Tuesday as the weight of selling pressure continued to hang over the market, amplified by US traders returning from the annual Labor Day holiday, while an upward revision to France’s expected nuclear generation this year and bearish Chinese economic data added to weakness in the energy complex.
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