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California carbon offsets registered

California carbon offsets registered This week the California Air Resources Board (ARB) announced that it will be issuing the first carbon offsets for use in the state’s compliance market.   Carbon offsets are a valuable part of a successful carbon market, since they provide regulated businesses with a second option to purchase to account for

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California carbon allowances trade at $12.30

California carbon allowances trade at $12.30 A total of 800,000 California carbon allowances for delivery in 2013 were transacted as volumes picked up from last week.   Market participants are likely taking advantage of the low price of 2013 vintage California carbon allowances that closed the week at $12.30, most likely in response to a

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New York state thinking green

New York state thinking green In its latest move to address the issue of climate change, New York state is creating a fund for renewable energy programs.   Governor Andrew Cuomo set a goal to fund $1 billion in capital for various initiatives that will decrease the state’s overall emissions.   The announcement comes in

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60,000 California carbon allowances trade

60,000 California carbon allowances trade 60,000 California carbon allowances for delivery in 2013 traded over the week.   Over the past few weeks California carbon allowance volumes have traded in record numbers, with millions of CCAs for delivery in 2013 and 2016 exchanging hands.   The shortened week due to Labor Day likely had an

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3 new California carbon offset projects listed

3 new California carbon offset projects listed On Wednesday, three new California carbon offset projects were listed on the state’s Air Resources Board (ARB) website.   Two additional Ozone Depleting Substance (ODS) projects were included, which involve the destruction of harmful refrigerant gases. The Climate Action Reserve and the American Carbon Registry (ACR) acted as

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California carbon allowances trading at $13.05

California carbon allowances trading at $13.05 California carbon allowances for delivery in 2016 have seen their prices jump above 2013 allowances, closing the week at $13.05.   The combined trading of California carbon allowances to be delivered in 2013 and 2016 amounted to over 2 million allowances.   Vintage 2013 California carbon allowances reached a

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California court supports carbon market

California court supports carbon market In response to a challenge that the California Air Resources Board (ARB) did not have authority to hold quarterly carbon allowance auctions, a judge sided with the state’s governing environmental committee.   The ARB has been holding auctions since last November, where regulated businesses bid   Beginning this year, regulated

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California considering more carbon credits

California considering more carbon credits The California Air Resources Board will vote on whether to include additional carbon offset credit project protocols at its upcoming committee meeting in October.   Starting this year, businesses in the state like power plants and fuel refineries have had to begin accounting for their annual emissions.   These regulated

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California carbon allowances trade in record volume

California carbon allowances trade in record volume California carbon allowances (CCAs) traded in record volumes following the release of summary statistics from the August carbon auction.   Although demand for allowances in the near term was down, as evidenced by the $12.22 settlement price for California carbon allowances to be delivered in 2013, future CCAs

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California Carbon Auction Revenues Eclipse $1 billion

California Carbon Auction Revenues Eclipse $1 billion For the first time in its four auctions to date, the California Air Resources Board (ARB) sold all of the allowances it offered, including both 2013 and 2016 vintages.   13.8 million California carbon allowances (CCAs) for delivery in 2013 were sold at a settlement price of $12.22,

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280,000 California carbon allowances trade

280,000 California carbon allowances trade 280,000 California carbon allowances traded over the week as market participants eyed this Fridays allowance auction.   In a brisk week of trading, the price for California carbon allowances closed at $13.60.   Prices for California carbon allowances have followed a trend of dipping during the lead up to an

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California carbon allowances trading at $13.80

California carbon allowances trading at $13.80 The price for California carbon allowances has hovered around $14 in the past several weeks, and came to a close at $13.80, nearly unchanged from a week ago.   A total of 450,000 California carbon allowances were traded over the course of the week.   Trading volumes are somewhat

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