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CCA Weekly Commentary: ICE CCA front recovers to $31.23 as more Dec22 long positions enter

January 18, 2022Created By: Anant Jain

Summary: ICE CCA weekly volumes rise by 15%, to 23.1M tons CCA front last traded at $31.23 ( -$0.92 WoW) OI WoW net increase of 4.37M tons IEMAC Committee released draft report  Last week at the InterContinental Exchange (ICE), a total of 23.1M tons of California Carbon Allowances (CCAs) changed…...

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CCA Weekly Commentary: ICE CCA market gripped by high volume, price volatility after front takes another $3.11 plunge from Nov21, auction contract expiry

December 6, 2021Created By: Anant Jain

Summary: A total of 146.4M tons traded in a single week Net WoW OI change reported at 20.7M tons ICE front last traded at $27.44 Last week saw an unprecedented level of price volatility and market activity over California Carbon Allowances at the InterContinental Exchange (ICE). A total of 146.4M…
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California Compliance Report 2018-2020 Breakdown

December 3, 2021Created By: Anant Jain

On 1st December 2021, the California Air resources board released the compliance report for compliance period three (2018-20) under the cap-and-trade program. The report provides the split of allowances and offsets by vintage, submitted by a covered entity towards its total surrender for the full compliance period three (CP3): 1st…
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Analyst Note: WCI 2022 Outlook for Emissions

November 30, 2021Created By: Anant Jain

This report estimates California and Quebec covered emissions under the Western Climate Initiative’s (WCI) cap-and-trade program for the years 2021 and 2022. As both economies awake from the forced slumber imposed by the pandemic, we chart out their production data that has the clearest linkage to key sectors & emissions…...

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Upcoming Webinar: Outlook for North American Clean Fuels Markets for 2022 and beyond

November 26, 2021Created By: Aishwarya Verma

Date: 27th January 2021 Time: 10 am Pacific Time (USA and Canada) This webinar is free for all. The past year has been significant for the clean fuel market as volatile prices have made project developers, financiers, and obligated parties question their long-term plans and reevaluate their decisions. Next year promises…
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Upcoming Webinar: WCI Post Auction Review: Joint Auction 29

November 26, 2021Created By: Aishwarya Verma

Date: 09th December 2021 Time: 10 am Pacific Time (USA and Canada) This webinar is complimentary for members only. The latest WCI November Auction settled at $28.30, $10.59 above the price floor. The ICE secondary market that earlier traded about $6 above the settlement price, corrected itself on the day…
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Upcoming Webinar: Outlook for Carbon Prices in WCI and RGGI for 2022 and beyond

November 26, 2021Created By: Aishwarya Verma

Date: 19th January 2022 Time: 10 am Pacific Time (USA and Canada) This webinar is free for all. Markets Covered: WCI, RGGI & Nova Scotia A new wind blows in the North American Carbon Markets. In the case of demand, while most of us thought 2021 would be a return…
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California Carbon Achieves 99.8% accuracy with 2020 WCI emissions data

November 8, 2021Created By: Anant Jain

Last week, the California Air Resources Board (CARB) released covered emissions data for 2020 reported under California’s Cap and Trade Program. In 2020, the board reported a total of 278.7M tons of emissions, 10.4% or 32.5M tons lower than 2019 levels. Even with the uncertainty of Covid-19, our analyst team…
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Analyst Note: RGGI Q3 emissions reported at 35.23MM tons of carbon, drop 1.34% from Q3 2020 high

November 3, 2021Created By: Craig Rocha

Summary Emissions reduce by 1.34% from Q3 2020 levels but remain 5.36% higher than Q3 2019 levels. Largest YoY % Drop in emissions: Delaware (-19.7%), Massachusetts (-14.96%), New York (-4.4%) and Connecticut (-1.52%) Highest YoY % Increase in emissions:  Vermont (+130%), Maine (+66%), New Hampshire (+24%), Maryland (+7.4%). Reserve market…...

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What just happened: CCA prices surge before CP3 surrender, gain $1.27 in a single session

November 2, 2021Created By: Anant Jain

On Monday 1st November by 5 pm PT, about 300 entities surrendered their credits towards emissions obligations for compliance period three (2018-2020). Roughly 700 million credits, a combination of allowances and offsets, made their way into the state’s retirement account; The largest transaction within a compliance period that leaves company…
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