Telecommunications firm makes voluntary carbon credit purchase from US direct air capture developer
A Texas-based telecommunications company will purchase CO2 removal (CDR) credits from a US developer of direct air capture (DAC) facilities, the firms announced Wednesday.
Read MoreControversy brings plans to utilise captured CO2 for natural gas production to a hush
A New York-based startup that aims to extract natural gas by injecting captured CO2 has grown quieter amid intensified legislative resistance against CO2-based fracking in the Empire State.
Read MoreANALYSIS: Washington carbon allowance holdings in limbo as fate of cap-and-invest scheme heads to November ballot
With voters set to decide the fate of Washington state’s cap-and-invest programme this November, market participants are highlighting the uncertainty surrounding hundreds of millions of dollars in carbon allowance holdings that could be rendered worthless if the scheme is scrapped.
Read MoreExisting natural gas facilities exempted from pending US climate rule on power plants
The US Environmental Protection Agency (EPA) is excluding existing natural gas facilities from its proposed climate rule that aims to curb greenhouse emissions from power plants, significantly reducing the scope of its regulation.
Read MoreCalifornia DEBs offset prices remain at record highs, issuance lags
California offsets offering direct environmental benefits (DEBs) to the state command high prices even as year-to-date issuance trails last year’s levels for the same time, data published by state regulator ARB on Wednesday showed.
Read MoreFrench insurers support “highly polluting” shale gas despite touting climate commitments, says non-profit
Two French insurance firms are bringing their recent climate pledges into question by providing coverage for numerous US LNG terminals linked to the environmentally contentious production of shale gas, an independent non-profit highlighted in a report Thursday.
Read MoreRGGI Market: Prices edge down as participants await significant market catalyst
RGGI allowance (RGA) values continued to recede as trading volumes rose from the previous week, although activity was subdued heading into the US long weekend.
Read MoreMaryland announces $90 mln to advance transportation and buildings electrification
Governor of Maryland on Friday unveiled a $90 mln initiative to support the state’s climate targets by expanding EV charging infrastructure, increasing electric school buses, and electrifying communal infrastructure.
Read MoreCalifornia commences development of fifth investment plan for cap-and-trade auction proceeds
California regulator ARB on Thursday hosted the first public workshop to develop the fifth investment plan for cap-and-trade auction proceeds, as panellists emphasised prioritising support for disadvantaged communities.
Read MoreUS House passes bill to lift pause on LNG export approvals
The Republican-controlled US House of Representatives on Thursday passed a bill to resume liquefied natural gas (LNG) export approvals by granting the Federal Energy Regulatory Commission (FERC) the sole discretion to approve export facilities, effectively excluding the Department of Energy (DOE) from the process.
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