Voluntary carbon credit issuances outpace retirements in Q1 to further inflate oversupply, weigh on prices -analysts
Despite a historically large number of retirements in the voluntary carbon market in Q1 2024, oversupply continues to balloon amid issuances rising at a faster clip, keeping credit prices at bay, analysts said Tuesday.
Read MoreFEATURE: Increasing conflicts are a natural consequence of worsening climate change
Climate change is exacerbating many of the conditions that fuel conflict — from drought in the Middle East worsening food insecurity and inflation, to access over strategic resources like lithium and cobalt becoming a key source of tension — amid lagging efforts to curtail emissions.
Read MoreUS biofuels producer inks deal with agtech firm to leverage federal tax incentives
A partnership with an agricultural technology firm is set to enable a bioethanol producer with field-level assessment of carbon intensity (CI) of biofuels feedstock and the ability to leverage federal tax credits.
Read MoreToronto innovation hub buying Canadian CDR credits for C$715 a tonne
An urban innovation hub in Toronto is buying carbon removal credits for an average C$715 ($522) each from five Canadian startups, it said Tuesday.
Read MoreUN special rapporteur calls for moratorium on voluntary carbon markets to stop human rights violations
The UN’s special rapporteur on the rights of Indigenous People has called for a moratorium on voluntary carbon markets to stop human rights violations.
Read MoreCalifornia carbon offset greenwashing bill swiftly heads to final Senate committee vote
A Senate bill eyeing more stringent oversight over the purchase and sale of carbon offsets received no public testimony during its third Senate committee hearing on Monday, and now awaits a vote by committee members on whether it will advance to the Senate floor.
Read MoreCalifornia diesel sales clock record January level since 2008, gasoline continues to decline
California diesel sales in January rose to their highest volumes for that month since 2008, while gasoline sales and emissions decreased year-on-year from 2023, according to state data released Monday.
Read MoreOpposition persists as US CO2 pipeline developer reattempts to secure permit
Representatives of CO2 pipeline developer Summit Carbon Solutions (SCS) testified before the North Dakota Public Service Commission (PSC) on Monday as the company once again attempts to secure a permit for pipeline construction in the state.
Read MoreRGGI Markets: Compliance demand holds benchmark prices north of $20
Compliance entities continue to support RGGI allowance prices even as transaction volumes in the secondary market declined through the week, with participants reporting lower snow levels likely impacting imported hydro power.
Read MoreDOE dishes out $11 mln for CCS transport infrastructure projects
The US Department of Energy (DOE) announced Monday the allocation of $11 million to four CO2 transport projects across multiple states, as the agency continues to enable large-scale carbon capture and storage (CCS) initiatives.
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