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RGGI Weekly Commentary: RGAs sustain bullish, settling at $14.88 (CCR) on high trade volumes; Four prominent environmental groups in Pennsylvania challenge the court’s ruling blocking RGGI

December 4, 2023Created By: Megha Jha

This Week’s Highlights ICE RGGI V23 Front on Friday: $14.88 (+0.68% WoW). The ICE weekly volume was 15.91 M tons (+112.7% WoW). CFTC: Open Interest down by 1.03 M tons; compliance entities decreased long positions by 2.46 M tons, and managed money increased long positions by 0.44 M tons. Auction…
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CCA Weekly Commentary: CCAs trade in the $38.80+ range with negligible WoW gains; trade activity notes an uptick as investors prepare for the holiday season

December 4, 2023Created By: Megha Jha

This Week’s Highlights Intercontinental Exchange (ICE) CCA V23 Front on Thursday closed at $38.85 gaining 0.36% over the week. ICE weekly volume was reported as 85.02 M (+21.97% WoW) and the 4-week moving average was reported as 53.75 M tons. CFTC: Open Interest down by 2.38 M tons; compliance entities…
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EU ETS and UK ETS Weekly Commentary: EUA and UKA dropped to €73.45 and £41.31 respectively; EU provisional agreement for the internal markets in renewable and natural gases and in hydrogen

December 4, 2023Created By: Shubhangi Sharma

Summary: Weekly average EUA prices decreased in the last week by 3.03% from €75.75 to €73.45. cCarbon EUA weekly short term price forecast for the coming weeks is expected to be between €71.12 and €73.23. ESMA- Open interest for EUA futures increased by 5.90% at ICE Endex and increased by…...

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RGGI Weekly Commentary: RGA allowances continue to trade above the CCR trigger price of $14.90 – cCarbon expects additional CCR allowances to enter the market in the upcoming auction

November 24, 2023Created By: Megha Jha

This Week’s Highlights ICE RGGI V23 Front on Thursday: $14.90 (0% WoW). ICE weekly volume was reported as 7.44 M tons (+76.23% WoW). CFTC: Open Interest up by 0.58 M tons; compliance entities increased short positions by 0.60 M tons, and managed money increased short positions by 0.02 M tons….
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CCA Weekly Commentary: CCAs at an all-time high – with Auction JA#37 settling at $38.73 with higher investor purchases

November 24, 2023Created By: Megha Jha

This Week’s Highlights Intercontinental Exchange (ICE) CCA V23 Front on Thursday closed at $38.84 losing 0.07% over the week. ICE weekly volume was reported as 42.15 M (-19.23% WoW) and WCI Q4 Auction JA37 observed a record-high settlement price of $38.73, exceeding cCarbon’s predictions. cCarbon’s Market View This Week Since…...

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Navigating California’s Transportation Emissions: 2022 Marks a Pivotal Reduction, Thanks to the Impact of Renewable Diesel

November 21, 2023Created By: Megha Jha

Key Takeaways Transportation emissions are expected to decline by 28% from 2020 levels by 2030. Diesel sales are expected to hit zero by 2027 – challenges for Canada CFR and SAF might challenge Renewable Diesel (RD) sales in California.  Electrification to remain slow with just 5.5 million ZEVs on the…...

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RGGI Weekly Commentary: RGAs continue to remain bullish as investors seek to benefit from a tighter market in 2024, the program review draft expected in Q1 2024, and rising trigger price

November 20, 2023Created By: Megha Jha

Highlights ICE RGGI V23 Front on Friday: $14.90 (+1.22% WoW). ICE weekly volume was reported as 4.22 M tons (+49.36% WoW). CFTC: Open Interest up by 0.58 M tons; compliance entities increased short positions by 0.60 M tons, and managed money increased short positions by 0.02 M tons. There is…...

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CCA Weekly Commentary: CCAs witnessed a bullish uptrend over the week bolstered by flat inflation in October, UC Davis modeling forecasts a $115 ($2023) by 2030

November 20, 2023Created By: Megha Jha

Summary Intercontinental Exchange (ICE) CCA V23 Front on Friday closed at $38.87 losing 1.99% over the week. ICE weekly volume was reported as 52.19 M (+47.64% WoW) and the 4-week moving average was reported as 44.80 M tons. CFTC: Open Interest down by 2.38 M tons; compliance entities increased long…...

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EU ETS and UK ETS Weekly Commentary: EUA price increased to €77.68; EU ETS 2024 provisional auction volume released; UKA decreased to £41.52

November 20, 2023Created By: Shubhangi Sharma

Summary: Weekly average EUA prices increased in the last week by 3.67% from €75.28 to €77.68. cCarbon EUA weekly short term price forecast for next four weeks is expected to be between € 77.05-€ 78.72. EU ETS released 2024 provisional auction volume. Total of 244,422,500 general allowances (EUAs) will be…...

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WCA Commentary #29: WCAs see stable prices with surge in trading volumes; Ecology held its APCR auction #2 – Increasing allowance supply by 5 million

November 13, 2023Created By: Mira Dhandra

Key Takeaways WCA prices showed a slight upward movement during the last week – the front on Friday closed at $52.25, registering a gain of 0.97% in front prices from the week before. The volume of WCAs traded on exchanges – Nodal and ICE (Intercontinental Exchange) – has strengthened significantly,…...

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