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- Tue 04:05Virginia data centre deal - Virginia Democrats have reached a budget deal to impose a new energy tax on data centres, reported E&E News. Under the agreement, data centres would face a temporary tax on their power use, but a sales tax exemption for the industry would be maintained. The deal would also reroute nearly half the state’s revenues from regional power sector cap-and-trade scheme RGGI into ratepayer rebates. The agreement needs approval from both legislative chambers as well as Governor Abigail Spanberger (D).
- Tue 04:05A Sao Paulo-based carbon credit project developer announced on Monday it has appointed two new co-CEOs, as the company looks to grow its project pipeline.
- Tue 03:30Provisions on crediting periods and the ownership of carbon credits in a draft decree regulating land-based mitigation activities could place even greater financial strain on an already weakened Colombian carbon market if enacted, stakeholders have told Carbon Pulse.
- Tue 03:03Brazil’s state-controlled oil company Petrobras and national development bank (BNDES) announced on Monday the three winners of the pair’s call for contracting 5 million carbon credits.
- Tue 02:05The June auction for current vintage allowances under Massachusetts's Global Warming Solutions Act (GWSA) carbon market cleared roughly one-third lower quarter-on-quarter (QoQ) while the advance sale set a new all-time high settlement, a recently published notice showed.
- Tue 01:56RGGI Allowance (RGA) futures continued to climb into the mid-$40s last week on decreased activity before reversing course on Monday as traders said it's unclear if there's enough momentum for prices to move beyond current levels.
- Tue 01:47Global climate finance flows neared $2.1 trillion last year, but will not meet minimum requirements for mitigation until “well into” the 2030s, as the annual rate of acceleration has dropped significantly, a report warned on Tuesday.
- A Brazilian biofuel producer has signed a deal for 10,000 carbon removal (CDR) credits with a large European commodities merchant from its bioenergy with carbon capture and storage (BECCS) project, media reported.
