Carney plans to replace Canadian consumer carbon tax with ‘green’ incentives, industry to pick up tab
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.
Read MoreUS transportation secretary rescinds emissions reductions mandate for highways
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.
Read MoreEnergy transition investment grows 11% to record $2.1 trillion in 2024 -report
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.
Read MoreANALYSIS: US withdrawal from Paris Agreement may create Article 6, CORSIA headaches
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.
Read MoreCanadian manufacturer commits C$1.1 bln to electric vehicle development
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.
Read MoreCanada publishes draft direct air capture offset protocol
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.
Read MoreMaryland court dismisses two climate lawsuits against fossil fuel companies
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.
Read MoreUS DOE-funded projects should adopt legally binding community agreements -report
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.
Read MoreOpenAI working with offset platform to automate voluntary purchases
A voluntary carbon offset platform is working with OpenAI to automate access and purchase of credits.
Read MoreFEATURE: Canadian carbon tax on the chopping block
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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