Automakers can set 1.5C-aligned targets for cars on the road, with new SBTi guidance
Automakers can now align voluntary emissions reductions from their largest source of pollution — people driving their vehicles — with a pathway to limiting global warming to 1.5C, based on revised guidance released Wednesday by the Science Based Targets initiative (SBTi).
Read MoreCanadian asset manager introduces biodiversity screen
A Vancouver-based asset manager has launched an investment screen focused on biodiversity in an effort to align its portfolio with conservation goals.
Read MoreSpeculators slash holdings across North American carbon markets, compliance entities add CCAs, RGAs
Speculators continued to shed holdings across North American carbon markets, as producers once again increased California Carbon Allowance (CCA) and RGGI Allowance (RGA) net length while dropping Washington Carbon Allowance (WCA) permits, data published Friday by the US Commodities and Futures Trading Commission (CFTC) showed.
Read MoreWCI current year auction volumes pick up for Q2 sale
California-Quebec will offer slightly more allowances at May’s WCI auction compared to Q1, breaking the pattern of reduced volumes offered over the last two sales, a government notice published Friday showed.
Read MoreWCI Markets: CCAs rebound from Wednesday price rout, WCAs converge toward Q1 auction low
California Carbon Allowance (CCAs) prices start to recover from an unprecedented wave of selling mid-week ahead of options expiring Friday, while Washington Carbon Allowances (WCAs) lurched another leg lower after the first auction for 2024 settled near the floor price.
Read MoreInternational tribunal dismisses Koch lawsuit over $30 mln loss from cancelled Ontario carbon market
An international tribunal has dismissed Koch Industries’ lawsuit challenging the 2018 cancellation of Ontario’s cap-and-trade programme, according to media reports, absolving Canada of the US$30 million loss claimed by the company.
Read MoreCalifornia ARB offset issuance picks up in March, hovers below 2023 levels
California regulator ARB has issued the highest number of compliance-grade offsets thus far this year, yet year-to-date totals continue to lag 2023 issuance, data published by the agency showed.
Read MoreWCI Markets: CCAs plummet as much as 7.6% as stops triggered
California Carbon Allowance (CCA) prices plunged as much as 7.6% on the day Wednesday, with traders reporting lower stops being triggered and heavy selling ahead of options expiring on Friday.
Read MoreCanadian sustainable commodities supplier opens carbon trading desk in Rotterdam
A Canadian sustainable commodities supplier has opened an environmental commodities desk in the Netherlands, which will focus on trading both compliance and voluntary carbon as well as other markets.
Read MoreCanada, ADB plan $260 mln climate, nature fund for Asia
Canada plans to establish a $260-million trust fund for Asia through the Asian Development Bank (ADB) to promote private sector funding in projects involving climate, nature-based solutions, and gender equality in the continent, pending approval from the bank’s board.
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