Research 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.
Read MoreWildlife Works, Everland publish new baseline allocation model for nested REDD carbon projects
Voluntary carbon project developers Wildlife Works and their brokerage arm Everland have presented a risk-based approach to setting deforestation baselines for ‘nested’ REDD schemes, which they say gives governments the option to allocate areas under higher risk of deforestation to meet jurisdictional climate goals.
Read MoreBlackRock publishes climate investment guidelines
US-based BlackRock, the world’s largest asset manager, published guidelines outlining its voting strategy at shareholder meetings on behalf of funds with climate-related investment objectives, inclusive of positions on corporate disclosures, shareholder proposals, and board effectiveness.
Read MoreWCI Markets: Delayed implementation of ETS changes overshadows bullish takeaways from ARB rulemaking workshop
California Carbon Allowance (CCA) prices struggled to register upside despite some clarity on ARB’s allowance budget cut plans at Wednesday’s rulemaking workshop, given the unexpected delay in implementation, pushed further to 2026.
Read MoreCalifornia’s LCFS may be increasing emissions beyond the state -report
California’s Low Carbon Fuel Standard (LCFS) falls short in accounting for secondary effects, economists at the University of California said in a report Tuesday, as the recent boom in renewable diesel (RD) production has led to global agricultural land-use change not fully accounted for in the programme.
Read MoreSouth Dakota carbon pipeline law faces possible repeal in November
A South Dakota carbon pipeline law faces a petition with tens of thousands of signatures that could send the measure to a vote in November, as a sustainable aviation fuel (SAF) industry-backed campaign has emerged to defend the regulation.
Read MoreEnvironmental non-profits urge RGGI states to provide Third Program Review update -media
A coalition of green groups have signed letters to the 10 RGGI states, urging their environmental authorities to clarify the schedule of anticipated changes to the power sector carbon market, now six months overdue its targeted conclusion date.
Read MoreRoad to compliance markets for carbon removals must address CDM -webinar
The lack of an existing precedent for carbon removals under the UN Clean Development Mechanism (CDM) is “a blessing and a curse”, said a member of the Paris Agreement’s Article 6 Methodological Expert Panel during a webinar Monday, as market standards are yet to be developed under Article 6.
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