CFTC: Financials favour V25 CCAs again, while producers prefer V24s and both avoid RGAs
Financial entities once again favoured V25 California Carbon Allowances (CCAs) while producers preferred the current year vintage, and both trimmed net length in RGGI allowances (RGA), according to data published Friday by the US Commodity Futures Trading Commission (CFTC).
Read MoreECOSYSTEM MARKETPLACE: The time is right for a forest moonshot in the US
Despite bipartisan support and progress in implementing natural climate solutions, the U.S. needs a significant, coordinated effort, or “moonshot,” to increase reforestation, protect forests, and manage lands sustainably to meet national climate goals, overcome current barriers, and prevent the loss of millions of acres of forest by mid-century, writes Sacha Spector, Program Director for the Environment at the Doris Duke Foundation.
Read MoreJapanese trading house, CCS developer form joint venture targeting 10 Mt of captured CO2 across North America
A Japanese trading house has entered into a joint venture with a US carbon capture and storage (CCS) developer to sequester up to 10 million tonnes of CO2 annually across North America by 2030, according to reports.
Read MoreConstellation Energy, Microsoft partner to restart Three Mile Island nuclear power plant
US-based Constellation Energy plans to restart the Three Mile Island nuclear power plant, which was closed in 2019, under a 20-year deal with Microsoft to supply carbon-free energy to its data centres.
Read MoreUS to fund up to $1.8 bln in new DAC projects
The US Department of Energy (DOE) will fund up to $1.8 billion of mid-scale and large-scale direct air capture (DAC) facilities, according to a Notice of Intent (NOI) issued on Friday.
Read MoreClimate Asset Management raises over $1 billion for natural capital projects
Climate Asset Management (CAM) has secured over $1 billion to invest in natural capital initiatives such as regenerative agriculture, as investor demand for projects aimed at improving soil health, planting trees, and rehabilitating land continues to grow, the firm’s CEO has said.
Read MoreBiggest automakers in Europe and North America aren’t addressing their steel production emissions -report
The majority of automakers in Europe and North America have not set targets for integrating fossil-free steel, according to a report released Wednesday.
Read MoreUPDATE – WCI Q4 auction ups allowance volume after Q3 dip
The California-Quebec joint WCI auction in November will offer a higher volume of allowances this quarter following Q3’s year-to-date nadir, according to a Friday notice from California regulator ARB.
Read MoreLarge sustainable aquaculture firm secures €2.5 mln from Dutch fund
An offshore aquaculture company based in the Faroe Islands has received €2.5 million from a fund managed by the investment arm of a Dutch bank.
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