Washington state reports funding cuts if cap-and-trade scrapped, think-tank claims shortcomings in govt analysis
The Washington State Office of Financial Management (OFM) has published its assessment of scrapping the state’s cap-and-trade programme should ballot initiative 2117 (I-2117) succeed, but failed to discuss several negative impacts it might have on the economy, according to a think-tank.
Read MoreDEBs-tagged G-CCOs trade at brief premium to CCAs, ARB offset issuance slows
Golden California Carbon Offsets (G-CCOs) with direct environmental benefits to the state (DEBs) sold at a premium to California Carbon Allowances (CCAs) over several days this month when the California-Quebec futures market fell to year-to-date lows, while regulator ARB slowed the pace of offset issuance.
Read MoreSurvey of Canadian corporations reveals two streams of potential CDR buyers -report
A scan of Canadian corporations demonstrated that while a large majority was unengaged with carbon dioxide removal (CDR), the remaining minority either had limited knowledge with high enthusiasm to learn more or already had active plans to purchase CDR credits, according to a report published by a Canadian think-tank Thursday.
Read MoreAlberta decarbonisation deterred by oversupply in TIER carbon market -report
Canada’s largest emissions reductions system – Alberta’s Technology Innovation and Emissions Reduction (TIER) programme – will face oversupply of carbon credits if the province does not intervene, ultimately discouraging investment in industrial decarbonisation, a Canadian think-tank said Tuesday.
Read MoreCanadian offset developer writes off investments as losses mount in delayed filings
A Canadian offset project developer will require additional fundraising to fulfil its streaming contracts, it said last week, as its delayed annual financial statements revealed a $250,000 investment write-off.
Read MoreIowa lawmakers, local governments, landowners ask state to reconsider CO2 pipeline approval
Iowa state Republican lawmakers, counties, and landowners filed separate motions on Monday requesting the Iowa Utilities Board (IUB) to reconsider its issuance of a construction permit to a proposed CO2 pipeline.
Read MoreCanada invests C$89 mln towards nature-based emissions reduction projects
Environment and Climate Change Canada (ECCC) announced Thursday that it would fund C$89.1 million ($65 mln) across ten nature-based emissions reductions projects, which also aim to conserve biodiversity.
Read MoreResearch group estimates wildfires burning 6k acres of California forest carbon offset project
More than one-third of a voluntary improved forest management (IFM) project or 6,000 acres (2,400 hectares) in California is burning as a result of wildfires, a nonprofit research group said Wednesday, calling for compensation from registry ACR’s buffer pool.
Read MoreUS Department of Energy to fund R&D into methane-spewing orphaned wells
The US Department of Energy (DOE) published a notice of intent Monday to support R&D projects addressing undocumented orphaned wells (UOW), as well as options for remediation of these major sources of methane.
Read MorePacifiCorp loses cap-and-trade lawsuit as federal judge rules in favour of Washington state
Investor-owned utility PacifiCorp lost its lawsuit against the Washington Department of Ecology (ECY) after a US federal district judge dismissed the gas-fired power producer’s claims of discrimination under the state’s cap-and-trade programme, according to court documents filed Monday.
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