Speculators book profits as RGAs peak, add V25 CCA length
Financial entities continued to trim RGGI allowance (RGA) positions as prices hit new all-time highs, while favouring long-dated California Carbon Allowances (CCA) for the fifth consecutive week despite traders reducing net CCA length across the board, according to weekly data from the US Commodity Futures Trading Commission (CFTC).
Read MoreNew study advocates balanced government incentives, penalties for carbon offsetting in tourism
The world’s governments should balance incentives with penalties to foster more effective carbon offsetting in the tourism industry, a new study recommends.
Read MoreVerra inactivates more voluntary carbon project methodologies
Voluntary carbon standard Verra on Friday inactivated more project methodologies, adding to the list of protocols being removed from service due to low use or revisions.
Read MoreResearch group estimates over 200k California ARB-approved offsets lost in recent wildfires
Recent wildfires in New Mexico have eliminated almost 202,000 offsets eligible under California regulator ARB’s compliance carbon market, according to a non-profit research group.
Read MoreUS EPA power plant standards to reduce emissions by up to 240 Mt by 2035 -research group
A controversial suite of US Environmental Protection Agency (EPA) standards on existing coal and new natural gas plants will reduce CO2 power emissions by 155-241 million tonnes by 2035 but fail to see carbon capture and storage (CCS) deployed at a wide scale, according to a note published Thursday by a New York-based research group.
Read MoreSCOTUS overturns Chevron doctrine, hindering future environmental rulemaking
The US Supreme Court on Friday overturned the so-called Chevron doctrine, a 40-year-old precedent which held that judges should defer to the expertise of federal agencies like the Environmental Protection Agency when laws passed by Congress are unclear.
Read MoreEuro Markets: EUAs post 9% loss in June after late rally follows another two-month low
European carbon prices continued their week-long slide on Friday morning to set yet another two-month low amid declining liquidity, before embarking on a sharp rally that was variously attributed to options hedging or to end-of-quarter profit taking by shorts, leaving the market with a monthly loss of 9%.
Read MoreBRIEFING: EU climate policy focus turning to trade and foreign relations, officials say
The EU’s climate agenda in the past five years has been focused chiefly on domestic action, but the next phase of policymaking will see a growing emphasis on international relations and trade, EU and national officials said on Thursday.
Read MoreDenmark offers subsidies to kick-start CCS development
Denmark has kick-started the bidding process for winning a government subsidy to build carbon capture and storage (CCS) facilities in the country.
Read MoreNature-based avoidance credits ‘red flag’ for potential investors -report
Avoidance offsets, both legacy technology-based and nature-based avoidance credits with co-benefits, are the highest risk areas in the current voluntary carbon market, according to a report published this week.
Read More
