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WCI compliance instrument surplus exceeds 400 mln in Q3, while entities close accounts
The WCI compliance instrument surplus surpassed the 400 million mark in Q3 ahead of the November true-up deadline, although the number of account holders declined over the timeframe in light of general market participants' exit. Read MoreTop
UK confirms £22 bln funding for CCS and hydrogen clusters, after years of waiting
The UK government has struck a commercial deal that will make up to £21.7 billion of funding available for carbon capture and hydrogen projects over 25 years, in what it sees as a turning point towards a new clean industrial era, it announced on Friday. Read MoreTop
EU ETS non-compliance rate dips following surrender deadline extension
The share of EU ETS-regulated installations and aircraft operators that are in non-compliance with the scheme has dropped below 3% for the first time in four years, after the annual permit surrender deadline was extended by five months. Read MoreTop
ANALYSIS: Voluntary carbon market must stop 'infighting' and own the narrative to usher in new era
Changing the narrative, such as dropping ‘offsetting’ language, will be crucial to navigating a successful transition away from years of scandal for the voluntary carbon market, but this will be contingent on the sector coming together and controlling the narrative, experts told a conference this week. Read MoreTop
Global climate fund to invest up to $1 bln to decarbonise industry sectors in developing countries
One of the largest climate funds in the world announced on Thursday that it would invest up to $1 billion in technologies that reduce emissions from the industrial sector in developing countries. Read MoreTop
BRIEFING: Peru is open for carbon business, say officials
Peru supports voluntary carbon market (VCM) growth and will work with the private sector to boost domestic supply and demand, according to two newly-appointed officials heading up public agencies. Read MoreTop
Analysts slash UKA price forecast after govt proposes delay to second phase
Analysts from a consultancy have slashed their forecast for UK Allowance prices in 2025 by 9% and their 2026 outlook by 13% after the British market regulator sought views on a plan to delay the start of the market's second compliance phase by one year to align any changes in supply with the start of the country's carbon border tariff. Read MoreTop
Vermont details study of potential state cap-and-invest programme
Vermont officials held a public webinar Thursday detailing their legislatively-mandated study on the potential of a state cap-and-invest programme to drive greenhouse gas (GHG) emissions reductions. Read MoreTop
Mexican nature-based projects not yet meeting demand for high-integrity credits, consultant says
The quality of carbon credits generated by forest carbon projects in Mexico are not meeting the market’s new demands for high quality offsets, a Mexican project consulting firm said Thursday. Read MoreTop
Colombia-based carbon standard applies to ICVCM for integrity label eligibility
An international carbon standard based in Colombia has applied to the Integrity Council for the Voluntary Carbon Market (ICVCM) for programme eligibility under its Core Carbon Principle (CCP) system. Read MoreTop
BRIEFING: High integrity in nature-based credits still major challenge even with standards reform, say experts
Determining “high integrity” in nature-based credits remains a major challenge even with ongoing reforms to carbon standards, experts told an industry conference on Wednesday. Read MoreTop
US DOE awards more than $71 mln to 16 regional DAC hub projects
A national laboratory of the US Department of Energy (DOE) announced Wednesday that it has awarded over $71 million to 16 regional direct air capture (DAC) hub projects across the US. Read MoreTop
Europe to ramp up LNG imports next year if Russian gas transit stops, says IEA
Europe will likely need to import more liquefied natural gas next year, tightening global gas fundamentals, if Russian gas supplies through Ukraine are stopped entirely, the International Energy Agency (IEA) has warned. Read MoreTop
US market infrastructure provider acquires LCFS, REC businesses
A US environmental commodities platform provider announced Thursday the acquisition of a revenue management company’s Low Carbon Fuel Standard (LCFS) and Renewable Energy Certificate (REC) services. Read MoreTop
