Cap trajectory, industry allocation proving contentious in Washington carbon market rulemaking
The fossil fuel industry and green groups are at odds with whether the steep linear reduction factor of Washington state’s forthcoming cap-and-trade regulation is appropriate, while free allowance distribution methods to industry and offset eligibility have generated pushback, according to public comments.
Read MoreOffset marketplace Patch to integrate BeZero Carbon ratings service
Carbon removals marketplace Patch has signed a deal to integrate offset ratings from provider BeZero Carbon onto its platform, seeking to offer more insights on the quality of available units.
Read MoreSylvera clinches second raising of $32.6 mln for offset ratings service
London-based Sylvera has raised $32.6 million to accelerate its plans to build an offset ratings service that can assess the market’s entire range of carbon-cutting projects by 2024.
Read MoreFrance says EU nations at odds over second ETS plans
France reported limited progress by EU nations on climate issues on Friday, as ministers from across the bloc raised multiple issues over plans for a second ETS for buildings and transport.
Read MoreLead MEP launches push to force ETS-linked penalties on EU nations -media
EU nations should face penalties for every tonne of emissions exceeded in non-ETS sectors based on prices in the bloc’s carbon market, Bloomberg reported on Friday, citing draft plans set out by the lawmaker steering scrutiny of the revised Effort-Sharing Regulation (ESR).
Read MoreHartree’s carbon venture forms partnership to offer oil tanker offsetting
Carbon credit provider Vertree has partnered with major oil tanker pooling service Tankers International to offer to compensate the climate impact of voyages with nature-based units.
Read MoreXpansiv’s CBL sees near-tripling in carbon trade in 2021
The volume of carbon offsets traded on Xpansiv’s CBL platform nearly tripled in 2021 to outpace the voluntary market’s rapid fundamental growth amid a surge in interest in standardised trade, the company said on Thursday.
Read MoreLead EU lawmaker proposes changes to ETS reforms -leaked draft
Shipping, buildings, and road transport should be included in ETS programmes a year earlier than originally planned, according to a leaked EU Parliament draft on carbon market reform seen by Carbon Pulse on Wednesday that also seeks sweeping changes to free allocation and the addition of a whole new sector.
Read MoreVCM Report: VER prices vacillate as C-GEO contracts kick off trading
Voluntary emissions reduction (VER) prices trended in opposite directions this week for different exchange-traded product categories, while Xpansiv market CBL’s Core-GEO (C-GEO) contract saw its first activity after its mid-week launch.
Read MoreNew Czech government vows 2033 coal phaseout
Czechia’s new government has pledged to phaseout coal power by 2033, a date five years earlier than the previous administration had planned but still beyond the end-date that the UN says is needed to stave off climate change.
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