CP Daily News Ticker: May 31, 2025
Hawaiian Green Fee – Hawaii has introduced a new tax on tourists to fund climate resilience and environmental protection projects. Under Act 96, the state’s transient accommodations tax (TAT) will increase by 0.75% to 11%, effective from Jan. 1, 2026. The fee will apply to hotel guests, short-term rentals, and…
Read MoreWashington state explores options for industrial no-cost carbon allowance allocations during 2035-50 period
Washington state has released draft proposals outlining how emissions-intensive, trade-exposed industries (EITEs) could continue to receive no-cost carbon allowances from 2035 under its cap-and-invest programme, as part of a process to advise lawmakers on the carbon market’s future allocation policy.
Read MoreDeveloper DGB Group posts wider loss, audit disclaimer raises concerns despite growing project pipeline
Dutch carbon project developer DGB Group reported a wider annual loss for 2024 and received a disclaimer of opinion from its auditor, raising concerns about financial governance even as the company marks progress in project validation and revenue generation.
Read MoreBrazilian federal prosecutors publish guidelines for protecting traditional communities carbon credit projects
Brazil’s Federal Public Prosecutors Office (MPF) has published a series of recommendations for its members to follow in order to protect the rights of Indigenous peoples and traditional communities during the development and planning of carbon credit projects.
Read MoreCP Daily News Ticker: May 31, 2025
Back to Baku – Azerbaijan and the World Bank have explored potential collaboration on carbon pricing, as part of efforts to support the country’s transition to a green economy. At a meeting hosted by Azerbaijan’s State Tax Service, discussions focused on the World Bank’s Partnership for Market Readiness and how…
Read MoreCFTC: Investors cautiously reduce exposure in V25 CCA, RGGI, LCFS as futures prices weaken
Investors pared down net length in V25 California Carbon Allowances (CCAs) to November levels in wake of tempered expectations for the Q2 auction, while closing out their RGGI Allowance (RGA) and Low Carbon Fuel Standard (LCFS) long holdings in the face of regulatory uncertainty, according to US Commodity Trading Futures Commission’s (CFTC) data published Friday.
Read MoreCP Daily News Ticker: May 31, 2025
Canada eh? – The Canadian carbon removal (CDR) industry vouched for government and corporate-supported scale-up beyond the voluntary carbon market at technology conference WebSummit Vancouver on Friday. During a panel hosted by funder NorthX Climate Tech, panellists said that regulation needs to kick in and the cost of removals need…
Read MoreUS pulp and paper industry underreports its emissions, non-profit says
The US pulp and paper industry underreports its emissions by nearly four times its true volumes due to accounting exemptions under the US EPA, an environmental non-profit said in a report Thursday.
Read MoreCharleston case could signal setback for US climate advocates
A Charleston court will decide whether to dismiss a climate lawsuit filed against oil and gas companies, and the recent hearing could signal a potential shift in favour away from the environmental plaintiffs.
Read MoreCP Daily News Ticker: May 31, 2025
Deforestation data – In Apr. 2025, the Brazilian Amazon lost over 230 sq. km of forest, a 24% increase compared to the same month in the previous year, according to a report published Thursday by Belem-based scientific research non-profit Imazon. The most deforested states were Amazonas (40%), Mato Grosso (38%),…
Read More
