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Carbon News Round-Up, 17-Mar-20
  
 

Newsletter
Upcoming Webinar

Highlights:

1. California GHG Emissions Forecast Update
2. Supply-Demand Forecast of Carbon Allowances
3. WCI Carbon Allowance Price Forecast
4. Trends in the Secondary Market
Click here to reserve a seat
Daily price movements
InterContinental Exchange CCA:
Current Vintage: ICE CCA: Front $16.73 (0.58); V2020 Dec20 $17.11 (0.59)
Other Vintages:  V21 Dec21 $17.83 (0.60)V22 Dec20 $17.08 (0.62); V23 Dec20 $17.08 (0.62)
*Price change from 03/13/2020- 03/16/2020 (*All prices in USD)


Nodal Exchange CCA:
Current Vintage: V20 Dec20 $17.11 (0.62)  
Other Vintages:  V21 Dec21 $17.83 (0.62) ; V22 Dec22 $18.64 (0.64)
*Price change from 03/13/2020- 03/16/2020 (*All prices in USD)
InterContinental Exchange LCFS:
ICE LCFS: Front $204.75 (4.75);
Jun 20
$203.8
(4.00), Sep 20 $199.55 (4.00),
Dec 20
$199 (4.00), Dec 21 $194 (4.00),
Dec 22
$190 (4.00)

*Price change from 03/13/2020- 03/16/2020 (*All prices in USD)

Nodal Exchange LCFS:
Nodal LCFS: Front $208 (0.0);
Jun 20
$199
(7.00), Sep 20 $198 (6.50),
Dec 20
$197 (6.00), Dec 21 $191 (5.00),
Dec 22
$186 (5.00)
*Price change from 03/13/2020- 03/16/2020 (*All prices in USD)

 
Daily headlines from carbon markets around the world
LCFS Market News:
WCI Carbon Market News:

California
  • Dirty air cuts back California crops (The Verge) California loses up to $1 billion in crops each year because of air pollution, according to new research that looked at trends from 1980 to 2015. Table grapes — the kind for snacking — were the most vulnerable among seven crops badly affected by smog, including: wine grapes, strawberries, walnuts, peaches, nectarines, and hay. The crops lost between 2 to 22 percent of their yields as a result of smog.
  • Lithium startup backed by Bill Gates seeks a breakthrough at the Salton Sea (Los Angeles Times) An Oakland startup, Lilac Solutions, recently announced a $20-million funding round led by Breakthrough Energy Ventures, which funds startups working to reduce planet-warming emissions. Breakthrough’s investors include three of the world’s 10 richest people: Microsoft Corp. co-founder Gates, Amazon Chief Executive Jeff Bezos and former New York City Mayor Michael R. Bloomberg.
  • How to make going green sustainable (Port Strategy) As ports push forward with zero-emission investments they are beginning to show that being sustainable doesn't have to come at an economic cost. One example of this is the Port of Hueneme in California, which secured financial partners for its US $14m shoreside power system within two years to enabled refrigerated vessels to plug in.
  • Alliance to invest $145m in magnesium recycling plant (MiningDotcom) This innovative project uses the circular economy to develop new magnesium manufacturing processes. In demand in the automotive and aerospace industries, magnesium is one of the solutions favoring lighter structures in order to reduce greenhouse gas emissions,” Pierre Fitzgibbon, Quebec’s Minister of Economy and Innovation, said in the media brief.
  • IETA welcomes ICAO’s decision on CORSIA Eligible Emissions Units (Press Release: IETA) The International Emissions Trading Association (IETA) welcomes the decision by the Council of the International Civil Aviation Organisation (ICAO) to approve the first six programmes that will provide the Eligible Emissions Units for compliance use in its Carbon Offset Reduction Scheme for International Aviation (CORSIA).
  • Climate change: Germany cuts carbon emissions by 6.3% in 2019 (Deutsche Welle) Germany's greenhouse gas emissions continued to decline last year, according to a report published Monday by the Environment Ministry. The country emitted some 805 million tons of greenhouse gases in 2019, which was roughly 54 million tons or 6.3% less than in 2018, the report said.
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