UPDATE – Potential market rules worry traders as allowances sell off on release of ARB workshop slidedeck
California regulator ARB will discuss potential changes to market rules surrounding corporate disclosures and holding limits in their public rulemaking cap-and-trade workshop scheduled Tuesday, according to a slidedeck posted Monday that sparked a sell-off in the secondary market as traders were disappointed over the lack of clarity on where proposed emissions cap adjustments would originate from and cost containment Tier level changes.
Read MoreVCM Report: Creeping optimism in future of voluntary market fails to translate into higher prices
Optimism is creeping back into the voluntary market, although prices and liquidity were steady last week, and some standardized prices slipped lower from already very weak levels.
Read MoreGroup of 17 global banks joins call for international treaty to end use of fossil fuels
Seventeen banks globally have joined calls for a Fossil Fuel Non-Proliferation Treaty to end the use of fossil fuels and have called on the financial industry to follow their example.
Read MoreParaguay’s carbon market law a “more efficient” way to get cash from national parks, says minister
Paraguay’s new voluntary carbon market law will help the country monetise its natural parks, a top minister told the 2024 Spring Meetings of the International Monetary Fund (IMF) in Washington DC, after changes to the additionality section in the law’s first draft appeared to expand the lands eligible for carbon projects.
Read MorePrivate companies lag on net zero commitments, report says
Public companies are well ahead of their private counterparts when it comes to setting emissions reduction targets and net zero pledges, with a far larger proportion of the latter yet to make any, according to a report released Monday.
Read MoreClimate tech, greener industry play key role in European venture capital recovery
Deals in climate tech and industrial decarbonisation played a key role in driving the recovery of European venture capital in Q1 2024, as investors seek opportunities to tackle the climate crisis, according to an analyst report.
Read MoreGuyana first small island state to report biennial climate action progress under Paris Agreement
Guyana is the first Small Island Developing State to report on its climate action pledge under the Paris Agreement, acting ahead of the Dec. 31, 2024 deadline, the UN’s climate change secretariat announced Friday.
Read MoreEnergy Transition Accelerator announces steps forward, US to introduce offset guidance soon
The Energy Transition Accelerator (ETA), a US-led jurisdictional carbon crediting programme, on Friday detailed its recent developments, while the top US climate envoy said that federal guidelines for the use of offsets will be published in the coming days.
Read MoreSBTi boss “regrets distress” caused by proposed change to carbon offset use policy
The CEO of the Science Based Targets initiative (SBTi) has reaffirmed the organisation’s dedication to robust science-based decarbonisation standards, saying he “deeply regrets the concern and distress” caused by a proposed change in its policy regarding offsets.
Read MoreRGGI emitters are sole buyers this week, while traders reduce exposure across North American carbon markets
Traders reduced exposure across North American carbon markets this week except for RGGI compliance entities, according to latest data from the US Commodity Futures Trading Commissions (CFTC) released Friday.
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