Voluntary carbon project developer shuts down, lays off remaining staff -media
An ocean carbon removal project developer has shut down and abruptly laid off all remaining staff on Friday, local media reported, as the firm said it has suffered from a collapse in voluntary carbon prices.
Read MoreGlobal Head of Carbon Sales, Sistema.bio – Remote (Europe/Kenya)
The Global Head of Carbon Sales will report to the Global Commercial Director. This role will oversee the development of a pipeline for carbon credit buyers, including preparing marketing materials, initiating and supporting sales conversations, and closing both spot and future carbon credit sales.
Read MoreTraders add longer-dated vintages, mostly reduce V24s across North American carbon markets
Emitters and speculators added to longer dated California Carbon Allowance (CCAs) holdings, while slashing length for the most part in current vintages across the WCI, RGGI, and Washington carbon markets, according to weekly data from the US Commodity Futures Trading Commission (CFTC).
Read MoreCalifornia Legislature passes 2024-25 budget, allocates $40 mln for carbon removal
The California Legislature passed its 2024 budget in the form of Assembly Bill 107 (AB 107) on Thursday, and now awaits the approval of Governor Gavin Newsom (D) to conduct a total of $293 billion in spending, including $40 million for carbon removal research and development.
Read MoreWCI Q3 auction volume dips to lowest offered year-to-date
The California-Quebec joint WCI auction in August will offer the lowest volume of allowances so far this year, according to a notice from California regulator ARB published Friday.
Read MoreCanadian emissions and GDP higher in 2030 without carbon pricing -government data
Both Canada’s emissions and GDP would be higher in 2030 without carbon pricing, according to data made public Thursday by Environment and Climate Change Canada (ECCC).
Read MoreFate of EU nature law hangs in the balance at Monday ministerial meeting
A long quest for legislation to restore ecosystems across land in Europe may reach the end of the line on Monday when the EU’s 27 environment ministers gather in Luxembourg for what could be a decisive meeting, although negotiators are still unsure about how things will play out exactly.
Read MoreCF NORTH AMERICA: Longer term strategy necessary in maturing VCM, experts say
Heightened regulatory scrutiny could encourage investment in the voluntary carbon market (VCM), but market players need a long-term strategy for the relatively nascent industry, panellists told conference attendees this week.
Read MoreVCM activity plummeted in May, ahead of first CCP integrity label approval
Credit retirements from the four main standard bodies in the voluntary carbon market plummeted in May, just ahead of the first approval of the core carbon principle (CCP) label for an estimated 27 million credits at the start of June.
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