SBTi staff call for CEO to be sacked, immediate reversal of Scope 3 offset use decision
A letter, sent by Science Based Targets initiative (SBTi) staff to the non-profit’s board and CEO and seen by multiple media sources, has called for the chief executive to resign and to immediately reverse a decision set to allow companies to use voluntary carbon credits to meet Scope 3 emissions targets.
Read MoreCalifornia LCFS stakeholders call for increased stringency, biofuels remain controversial
Stakeholders voiced support for an increased step-down in the 2025 carbon intensity (CI) reduction benchmark, and expressed an array of enthusiasm, concern, and confusion regarding the role of biofuels in California’s transportation system, at an informal workshop on Wednesday to discuss proposed amendments to the Low Carbon Fuel Standard (LCFS).
Read MoreARB distributes all DEBs-tagged offsets in highest issuance of 2024
California regulator ARB issued the highest number of compliance-grade offsets thus far this year and all with direct environmental benefits (DEBs) to the state, raising year-to-date totals above 2023 levels for the first time, data published Wednesday showed.
Read MoreUS Department of Energy to invest $18.8 mln in algae-based biofuels
The US Department of Energy (DOE) on Wednesday announced an $18.8 million funding initiative to advance R&D for converting algae and wet waste feedstocks into biofuels and bioproducts.
Read MoreCalifornia carbon offset greenwashing bill passes Senate committee
A California Senate bill that imposes stricter oversight on environmental claims using carbon offsets passed committee on Tuesday, despite industry opposition.
Read MoreCO2 removals necessary to achieve US climate goals, but more federal support needed -report
The US may be a leader on CO2 removal technology (CDR), but greater federal support in driving demand, R&D, and demonstration and deployment is needed to fulfil national emissions reduction goals, a report published Wednesday found.
Read MoreANALYSIS: Voluntary carbon stakeholders react to SBTi pivot on offset use for corporate targets
A major announcement from the Science Based Targets initiative (SBTi) that now opens the door for offset use as part of validated corporate net zero targets has made waves in the voluntary carbon sector, with proponents of the decision lauding its demand implications for the market, and critics arguing that the move undermines the organisation’s role in the broader fight against climate change.
Read MoreGlobal carbon emissions trading revenues rise 17% to record $74 bln in 2023 -report
A total of more than $74 billion was raised from 36 carbon emissions trading systems last year, up from $63 bln the year before, with strong momentum building for new mechanisms in emerging economies, according to research published Wednesday.
Read MoreStandards body issues first carbon credits under new methodology for US-based algae bloom project
A carbon credit standards body has issued the first batch of credits for a nature-based solutions (NbS) project based in Utah in the US, it announced on Tuesday.
Read MoreCCAs jump as ARB embraces 48% GHG reduction in evaluation of proposed cap-and-trade changes
California Carbon Allowance (CCA) values in the secondary market got a boost Tuesday from the highly anticipated release of an economic impact analysis of a proposed cap-and-trade rulemaking that programme regulator ARB submitted to a state agency.
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