BC’s updated forest offset protocol mandates First Nations engagement, outlines reversal measures
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.
Read MoreCalifornia carbon offset greenwashing bill swiftly heads to final Senate committee vote
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.
Read MoreCalifornia diesel sales clock record January level since 2008, gasoline continues to decline
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.
Read MoreEnvironmental justice concerns present hurdle to final LCFS rule, says former regulator
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.
Read MoreUS oil giant launches $500 mln clean energy fund
A California-headquartered fossil fuel firm announced its third and largest venture capital fund to date of $500 million, focused on clean energy technologies to improve its core business and drive lower carbon options.
Read MoreCanada budget targets C$2.5 bln small business carbon rebates, CCfD expansion
Prime Minister Justin Trudeau’s 2024 budget, released Tuesday, sees an overdue reimbursement of C$2.5 billion ($1.8 bln) in carbon tax rebates to small businesses, delivery of prior announced investment tax credits by the end of 2024, and commits to exploring additional carbon contracts for difference (CCfDs).
Read MoreTexas and California firms partner to develop SAF using waste CO2
A California low-carbon electrofuels (efuels) developer has agreed to purchase captured CO2 from a Texas energy firm to primarily produce sustainable aviation fuel (SAF), the companies announced Wednesday.
Read MoreRGGI Market: RGAs trade on high volumes as market looks for price equilibrium
RGGI Allowance (RGA) prices wound down from volatile activity in weeks prior but continued to trade at higher volumes last week, driven by compliance demand, market participants said.
Read MoreLCFS Market: California prices drop 6% on ARB workshop disappointment
California Low Carbon Fuel Standard (LCFS) prices sold off following ARB’s Tuesday release of public workshop materials, with market participants disappointed at the regulator’s proposed choice of a 30% carbon intensity (CI) reduction target for 2030, while traders pondered ARB’s rationale given the programme’s outsized surplus bank.
Read MoreWashington announces cap-and-invest rulemaking in pursuit of linkage
The Washington Department of Ecology (ECY) announced on Thursday the commencement of rulemaking in consideration of amendments to its Climate Commitment Act (CCA), to facilitate linkage of the state’s carbon market with that of California and Quebec.
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