Carney plans to replace Canadian consumer carbon tax with ‘green’ incentives, industry to pick up tab

Published 00:21 on February 1, 2025  /  Last updated at 01:23 on February 1, 2025  / /  Americas, Canada, Carbon Taxes, CBAM

Federal Liberal leadership hopeful Mark Carney, former governor of the Bank of Canada, is pledging to scrap the country’s contentious consumer carbon tax in favour of ‘green’ incentives and tougher targets for heavy industry.

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US transportation secretary rescinds emissions reductions mandate for highways

Published 23:58 on January 30, 2025  /  Last updated at 00:51 on January 31, 2025  / /  Americas, US

State transportation departments will no longer be required to establish highway emissions reductions targets, according to measures taken by the new US transportation secretary on Wednesday.

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Energy transition investment grows 11% to record $2.1 trillion in 2024 -report

Published 09:01 on January 30, 2025  /  Last updated at 00:59 on January 30, 2025  / /  Americas, Asia Pacific, China, EMEA, International, US

Global energy transition investment surpassed $2 trillion for the first time, led by China, which is investing at more than twice the rate of any other economy, according to a new report published Thursday.

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ANALYSIS: US withdrawal from Paris Agreement may create Article 6, CORSIA headaches

Published 16:41 on January 29, 2025  /  Last updated at 16:41 on January 29, 2025  / , , and /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Paris Article 6, Voluntary

The impending US withdrawal from the Paris Agreement could influence the supply and demand dynamics under the CORSIA international aviation offsetting scheme, progress towards the launch of the new Paris Agreement Crediting Mechanism (PACM), as well as the 2028 Article 6 review — although widespread uncertainty still clouds the overall outlook under the new Trump administration.

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Canadian manufacturer commits C$1.1 bln to electric vehicle development

Published 20:28 on January 28, 2025  /  Last updated at 20:28 on January 28, 2025  / /  Americas, Canada, RINs & LCFS, US

A Canadian manufacturing company plans to invest approximately C$1.1 billion ($763.7 million) to develop electric vehicle (EV) technologies, including funding from multiple levels of government, it announced Tuesday.

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Canada publishes draft direct air capture offset protocol

Published 01:16 on January 28, 2025  /  Last updated at 01:16 on January 28, 2025  / /  Americas, Canada, Voluntary

Direct air capture (DAC) will soon be an eligible method of generating Canadian offset credits, according to a draft protocol published Monday by the federal environment ministry.

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Maryland court dismisses two climate lawsuits against fossil fuel companies

Published 21:39 on January 27, 2025  /  Last updated at 21:39 on January 27, 2025  / /  Americas, US

The city of Annapolis and Anne Arundel County in Maryland had their respective lawsuits against several oil giants dismissed on Thursday, setting back the municipalities’ efforts to recover alleged damages they claimed were caused by the fossil fuel industry.

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US DOE-funded projects should adopt legally binding community agreements -report

Published 00:38 on January 25, 2025  /  Last updated at 00:38 on January 25, 2025  / /  Americas, US, Voluntary

US DOE-funded carbon management and clean energy projects should consider legally binding community agreements to build long-term trust in low-carbon projects, a national think tank suggested Friday.

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OpenAI working with offset platform to automate voluntary purchases

Published 22:06 on January 23, 2025  /  Last updated at 22:06 on January 23, 2025  / /  Americas, Nature-based, US, Voluntary

A voluntary carbon offset platform is working with OpenAI to automate access and purchase of credits.

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FEATURE: Canadian carbon tax on the chopping block

Published 23:57 on January 22, 2025  /  Last updated at 23:57 on January 22, 2025  / and /  Americas, Canada, Carbon Taxes

Prime Minister Justin Trudeau’s exit has raised the stakes for Canada’s carbon policy, leaving market experts questioning what’s ahead after the country’s impending election.

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