Australia opens extended fourth exit window for ERF contract holders, adds eligibility requirements
Australia’s Clean Energy Regulator on Friday opened the fourth pilot exit arrangement window for companies with fixed delivery contracts to sell carbon credits to the government’s Emissions Reductions Fund (ERF), with additional eligibility requirements for sellers.
Read MoreRecently announced federal tax incentives for biofuels’ feedstocks set to fuel industry decarbonisation
Federal incentives to lower carbon intensity (CI) in feedstocks, coupled with advancements in carbon removal and renewable natural gas, could propel the biofuels industry towards net zero in the US, industry members told a webinar Thursday.
Read MoreWCI Markets: CCA volatility picks up as ARB workshop disappoints, WCAs lose momentum
California Carbon Allowance (CCA) prices traded lower through a volatile week as a highly anticipated rulemaking workshop failed to offer clarity on proposed changes to the cap-and-trade programme, while Washington Carbon Allowance (WCA) values declined amidst ongoing muted activity.
Read MoreSupporters rush to defend US EPA clean car standards as it faces lawsuit from 25 states
Dozens of environmental advocacy groups and over 20 state attorneys general separately filed motions this week to intervene in a lawsuit filed against the US Environmental Protection Agency (EPA)’s vehicle emissions standards.
Read MoreCanadian CCS firm launches partnership to explore CO2 mineral storage
A Canadian CCS firm and an Iceland-based CO2 mineral storage operator on Thursday announced a partnership to explore storage potential in Quebec.
Read MoreMajor global asset managers raise $1.4 bln for inaugural decarbonisation fund
Two of the world’s largest investment firms have raised $1.4 billion for their inaugural late-stage venture capital and growth private equity investment fund that is targeting companies accelerating the low-carbon transition.
Read MoreNature-based offset trading platform raises €5.3 mln to strengthen operations
A nature-based trading startup announced on Thursday that it has secured nearly €5.3 million ($5.7 mln) in seed funding to advance its operations and introduce additional offset projects to its platform.
Read MoreIndonesia’s Rimba Raya REDD+ project plunged into controversy after licence revoked by government
The giant Rimba Raya Biodiversity Project in Indonesia has been plunged into controversy after the local concession holder saw its business licence revoked by the government for violating carbon trading regulations, with the project’s owner failing to be notified about it.
Read MoreCanadian carbon project financier inks $5.6 mln offset royalty deal for US IFM portfolio
A Canada-based carbon project financier has agreed to pay $5.6 mln to acquire several gross revenue royalties on a portfolio of improved forest management (IFM) offset projects in the southeastern US.
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