High taxpayer cost, minimal industrial participation plague Canada’s C$8 bln decarbonisation fund -report

Published 23:14 on April 30, 2024  /  Last updated at 23:14 on April 30, 2024  / /  Americas, Canada

Ineffective management and incomplete data collection in Canada’s Net Zero Accelerator Initiative cost taxpayers upwards of C$523 ($380) per tonne of emissions reductions, while only two of the country’s large emitters have committed to the programme, according to the Office of the Auditor General.

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US Policy Roundup: Louisiana lawmakers inundated with carbon capture and storage bills

Published 01:48 on April 30, 2024  /  Last updated at 01:48 on April 30, 2024  / /  Americas, US, Voluntary

At least a dozen bills pertaining to carbon capture and sequestration (CCS) are in the pipeline to become law in Louisiana, as lawmakers surmise the regulatory future of CCS in the state prior to the close of the legislative session.

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US energy-related CO2 emissions reductions decline 2.7% in 2023, driven by power sector

Published 20:39 on April 26, 2024  /  Last updated at 20:39 on April 26, 2024  / /  Americas, US

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.

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Supporters rush to defend US EPA clean car standards as it faces lawsuit from 25 states

Published 00:31 on April 26, 2024  /  Last updated at 00:31 on April 26, 2024  / /  Americas, US

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.

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Major global asset managers raise $1.4 bln for inaugural decarbonisation fund

Published 22:40 on April 25, 2024  /  Last updated at 22:40 on April 25, 2024  / /  Americas, Asia Pacific, EMEA, Other APAC, US, Voluntary

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.

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ARB issues smallest volume of offsets in nearly two years

Published 00:00 on April 25, 2024  /  Last updated at 00:00 on April 25, 2024  / /  Americas, Canada, US

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.

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BC’s updated forest offset protocol mandates First Nations engagement, outlines reversal measures

Published 01:45 on April 24, 2024  /  Last updated at 01:45 on April 24, 2024  / /  Americas, Canada, Nature-based, Voluntary

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.

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California carbon offset greenwashing bill swiftly heads to final Senate committee vote

Published 01:28 on April 23, 2024  /  Last updated at 01:28 on April 23, 2024  / /  Americas, US, Voluntary

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.

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California diesel sales clock record January level since 2008, gasoline continues to decline

Published 00:09 on April 23, 2024  /  Last updated at 00:09 on April 23, 2024  / /  Americas, RINs & LCFS, US

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.

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Environmental justice concerns present hurdle to final LCFS rule, says former regulator

Published 00:07 on April 18, 2024  /  Last updated at 00:07 on April 18, 2024  / /  Americas, RINs & LCFS, US

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.

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