General Motors to retire nearly 50 mln GHG credits following federal investigation

Published 22:37 on July 3, 2024  /  Last updated at 22:37 on July 3, 2024  / /  Americas, US

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.

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WCI Markets: CCAs rise amid workshop anticipation, WCAs up on low volumes

Published 20:27 on July 3, 2024  /  Last updated at 20:27 on July 3, 2024  / /  Americas, Canada, US

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.

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Canada modifies carbon intensity values of several feedstocks for Fuel Life Cycle Assessment Model

Published 02:04 on June 29, 2024  /  Last updated at 02:04 on June 29, 2024  / /  Americas, Canada

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.

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US DOE announces $16 mln for CO2 conversion into new products

Published 23:27 on June 27, 2024  /  Last updated at 23:27 on June 27, 2024  / /  Americas, US

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.

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Canada announces first two-way carbon contract for difference

Published 00:22 on June 27, 2024  /  Last updated at 00:22 on June 27, 2024  / /  Americas, Canada, Carbon Taxes

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.

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Traders mostly shorten net length across North American carbon markets

Published 23:44 on June 24, 2024  /  Last updated at 23:44 on June 24, 2024  / /  Americas, Canada, US

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).

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WCI Markets: Impatience grows in CCAs, WCAs up on low volumes

Published 23:12 on June 20, 2024  /  Last updated at 23:12 on June 20, 2024  / /  Americas, Canada, US

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.

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Canadian emissions cap would curtail oil and gas production, reduce GDP by C$282 bln over 10 years

Published 00:56 on June 19, 2024  /  Last updated at 00:56 on June 19, 2024  / /  Americas, Canada

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.

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Canadian project developer to generate voluntary carbon credits with British Columbia First Nation

Published 00:13 on June 19, 2024  /  Last updated at 21:20 on June 19, 2024  / /  Americas, Canada, Nature-based, Voluntary

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.

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Canadian think tank looks to support first-time voluntary carbon removal buyers

Published 11:00 on June 18, 2024  /  Last updated at 16:57 on June 18, 2024  / /  Americas, Canada, Voluntary

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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