US energy-related CO2 emissions reductions decline 2.7% in 2023, driven by power sector
US energy-related CO2 emissions decreased slightly year-on-year in 2023, largely due to reduced coal-fired electricity generation as natural gas and solar power generation increased, according to federal data.
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 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 MoreARB issues smallest volume of offsets in nearly two years
California regulator ARB issued the smallest number of compliance-grade offsets in almost two years, but maintained its year-to-date totals above 2023 levels, data published Wednesday showed.
Read MoreBC’s updated forest offset protocol mandates First Nations engagement, outlines reversal measures
Canada’s British Columbia has updated its offset regulation and published its second forest carbon offset protocol (FCOP 2.0), which mandates First Nations’ engagement across all projects and stipulates measures that could see fewer credits awarded to project developers in the event of a reversal.
Read MoreCalifornia carbon offset greenwashing bill swiftly heads to final Senate committee vote
A Senate bill eyeing more stringent oversight over the purchase and sale of carbon offsets received no public testimony during its third Senate committee hearing on Monday, and now awaits a vote by committee members on whether it will advance to the Senate floor.
Read MoreCalifornia diesel sales clock record January level since 2008, gasoline continues to decline
California diesel sales in January rose to their highest volumes for that month since 2008, while gasoline sales and emissions decreased year-on-year from 2023, according to state data released Monday.
Read MoreEnvironmental justice concerns present hurdle to final LCFS rule, says former regulator
Opposition to proposed Low Carbon Fuel Standard (LCFS) regulations from environmental justice (EJ) communities, if left unsettled, places significant pressure on how quickly a final rule could take effect, a former ARB LCFS branch chief told a webinar Wednesday.
Read MoreUS oil giant launches $500 mln clean energy fund
A California-headquartered fossil fuel firm announced its third and largest venture capital fund to date of $500 million, focused on clean energy technologies to improve its core business and drive lower carbon options.
Read MoreCanada budget targets C$2.5 bln small business carbon rebates, CCfD expansion
Prime Minister Justin Trudeau’s 2024 budget, released Tuesday, sees an overdue reimbursement of C$2.5 billion ($1.8 bln) in carbon tax rebates to small businesses, delivery of prior announced investment tax credits by the end of 2024, and commits to exploring additional carbon contracts for difference (CCfDs).
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