General Motors to retire nearly 50 mln GHG credits following federal investigation
US auto manufacturer General Motors (GM) will retire approximately 50 million credits under the Environmental Protection Agency’s (EPA) greenhouse gas (GHG) programme, after the agency identified excess CO2 emissions from approximately 5.9 million GM vehicles.
Read MoreWCI Markets: CCAs rise amid workshop anticipation, WCAs up on low volumes
California Carbon Allowance (CCA) prices moved higher as market participants positioned ahead of next week’s rulemaking workshop, while Washington Carbon Allowance (WCA) values were up, with volumes picking up momentarily in the otherwise muted market.
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 MoreUS DOE announces $16 mln for CO2 conversion into new products
The US Department of Energy (DOE) announced Thursday that up to $16 million in funding will be available for large-scale conversion of CO2 emissions into carbon-based products.
Read MoreCanada announces first two-way carbon contract for difference
Canada’s C$15 billion ($10.9 bln) public investment vehicle has signed a carbon contract for difference (CCfD) with a municipal energy company at an initial strike price per tonne of CO2 for a 10-year term.
Read MoreTraders mostly shorten net length across North American carbon markets
Covered entities widened RGGI allowance (RGA) net length while traders mainly reduced holdings across California Carbon Allowances (CCAs), with muted activity in Washington Carbon Allowances (WCAs), according to weekly data from the US Commodity Futures Trading Commission (CFTC).
Read MoreWCI Markets: Impatience grows in CCAs, WCAs up on low volumes
California Carbon Allowance (CCA) prices moved lower as market participants looked for direction from California regulator ARB, while Washington Carbon Allowance (WCA) prices picked up on steady offers.
Read MoreCanadian emissions cap would curtail oil and gas production, reduce GDP by C$282 bln over 10 years
Under a Canadian emissions cap, oil and gas producers would reduce output rather than invest in carbon capture and sequestration (CCS), resulting in a C$282 billion ($205 billion) decline in GDP over the next 10 years, according to a report commissioned by the province of Alberta.
Read MoreCanadian project developer to generate voluntary carbon credits with British Columbia First Nation
An agreement signed between a northwestern British Columbia First Nation and a Vancouver-based project developer will see the generation of voluntary carbon offsets via improvement of 1.1 million hectares (2.7 million acres) of forest, the duo announced Tuesday.
Read MoreCanadian think tank looks to support first-time voluntary carbon removal buyers
The first-time purchase of CO2 removal (CDR) credits by a Canadian innovation hub offers key learnings for other new buyers, according to a case study published Tuesday.
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