Up to a good CALSTART - The Oregon Department of Environmental Quality (DEQ) selected on Thursday global non-profit CALSTART and its partners as a provisional Community Climate Investment (CCI) entity in its Climate Protection Program, designed to reduce GHG emissions from fossil fuels. The appointment culminated a 10-week process to select organisations to participate as CCI entities. The CCI will fund GHG pollution reduction projects in the state. CALSTART and its partners have demonstrated expertise in reducing emissions in transportation and buildings, while prioritising equitable outcomes for lower income communities, which aligns with the DEQ programme. DEQ plans to develop an agreement with CALSTART on financial and administrative oversight for the funds for its decarbonisation projects, to be finalised by the end of 2026. Once CALSTART is an approved CCI entity, companies regulated by the Climate Protection Program can choose to make contributions to their projects, earning CCI credits in return.

An American forest carbon scientist has founded a new credit ratings agency committed to transparency and re-building market trust through enhanced and customisable scoring metrics. 

Verra opened a one-month public consultation process on Thursday for a major revision of its cookstove methodology in its Verified Carbon Standard (VCS) programme.

Carbon removal (CDR) buyers apart from Microsoft committed to a record-high volume of quarterly purchases, according to analysis published by a CDR portfolio manager on Thursday.