EU firms thrive under higher ETS carbon costs, IMF-backed study finds
European firms are not only adapting but also thriving under rising carbon costs imposed by the EU ETS, new research published by the IMF has found.
Read MoreMercedes-AMG PETRONAS F1 accelerates net zero efforts with carbon removal credit purchases
The Mercedes-AMG PETRONAS Formula One team has announced new investments in carbon removal initiatives as part of its ambition to become one of the world’s most sustainable sports teams.
Read MoreCanada clean fuels supply triples from rising imports, weighing on credit prices
Compliance credit average prices in Canada’s Clean Fuel Regulations (CFR) declined year-on-year as supply tripled from low-carbon-intensity fuels such as ethanol and biodiesel, with imports flooding the nascent market, according to the environment ministry’s first preliminary credit market report.
Read MoreCanada modifies carbon intensity values of several feedstocks for Fuel Life Cycle Assessment Model
Canada has updated the carbon intensity values of various feedstocks used in the federal Fuel Life Cycle Assessment Model, including national and international grid electricity processes, fossil fuels, and crops.
Read MoreSpeculators book profits as RGAs peak, add V25 CCA length
Financial entities continued to trim RGGI allowance (RGA) positions as prices hit new all-time highs, while favouring long-dated California Carbon Allowances (CCA) for the fifth consecutive week despite traders reducing net CCA length across the board, according to weekly data from the US Commodity Futures Trading Commission (CFTC).
Read MoreNew study advocates balanced government incentives, penalties for carbon offsetting in tourism
The world’s governments should balance incentives with penalties to foster more effective carbon offsetting in the tourism industry, a new study recommends.
Read MoreVerra inactivates more voluntary carbon project methodologies
Voluntary carbon standard Verra on Friday inactivated more project methodologies, adding to the list of protocols being removed from service due to low use or revisions.
Read MoreResearch group estimates over 200k California ARB-approved offsets lost in recent wildfires
Recent wildfires in New Mexico have eliminated almost 202,000 offsets eligible under California regulator ARB’s compliance carbon market, according to a non-profit research group.
Read MoreUS EPA power plant standards to reduce emissions by up to 240 Mt by 2035 -research group
A controversial suite of US Environmental Protection Agency (EPA) standards on existing coal and new natural gas plants will reduce CO2 power emissions by 155-241 million tonnes by 2035 but fail to see carbon capture and storage (CCS) deployed at a wide scale, according to a note published Thursday by a New York-based research group.
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