US fossil fuel exploration firm reaches multi-million dollar settlement for air pollution violation
A Texas-based oil and gas producer has agreed to pay $4 million in fines for failing to comply with air quality regulations in two US states, and will also spend $5.5 mln to prevent future emissions, the US Department of Justice (DOJ) confirmed.
Read MoreLand-based solutions lead near-term CDR promise, but variety needed to meet climate goals -study
Land-based measures show the highest potential to support CO2 removal (CDR) in the near term, but the world’s climate targets will not be met without the deployment of a range of such solutions at a multi-gigatonne scale, with ocean-related technology holding the most large-scale promise long term.
Read MoreNew Mexico legislators approve clean transportation fuel bill
A New Mexico bill to implement a clean fuel standard by mandating a reduction in transportation fuel carbon intensity (CI) passed the legislature on Tuesday and now awaits approval by the governor.
Read MoreOfficials call for cap-and-trade reauthorisation in California, suggest programme amendments to ease consumer costs
A joint hearing on Tuesday regarding California’s cap-and-trade scheme heard participants voice support for programme extension beyond 2030, although stakeholders proposed several improvements to better support disadvantaged communities.
Read MoreRGGI Market: RGAs recede from record highs heading into first auction in 2024
RGGI allowance (RGA) values retreated amidst high transaction volumes heading into the first auction of the year, following three weeks of unprecedented record prices and lower activity.
Read MoreCalifornia environmental justice body pushes back against proposed LCFS amendments
The proposed amendments to California’s Low Carbon Fuel Standard (LCFS) fail to consider Environmental Justice Advisory Committee (EJAC) recommendations to mitigate environmental risks to communities caused by the policy, and stakeholders should be given more time to provide feedback, EJAC members told state regulator ARB officials at a meeting Thursday.
Read MoreCanada yet to distribute C$2.5 bln in carbon levy rebates to small businesses, says non-profit
The federal government of Canada has not fulfilled its commitment to reimburse C$2.5 billion ($1.86 bln) in carbon tax rebates to small businesses in the provinces of Ontario, Manitoba, Saskatchewan, and Alberta, a Canadian non-profit said Thursday.
Read MoreRegistries should avoid “one-size-fits-all” approach in measuring leakage of voluntary forest carbon projects -preliminary study
A study by US researchers, currently awaiting peer review, revealed that forest carbon leakage varies across the types of projects, forests, and regions in improved forest management projects, and recommended registries change their uniform approach when estimating potential leakage of voluntary forest carbon projects.
Read MoreUS venture capital firm raises $100 mln again for climate tech startups
A US-based venture capital firm has secured $100 million in its second funding round, primarily earmarked for Series A investments in companies working towards decarbonisation, the company announced Wednesday.
Read MoreCurrent reporting frameworks aid compliance, but prepare for evolving climate regulations -experts
A discussion regarding the growing landscape of climate regulations around the world saw panelists consider the implications of the rise in mandatory disclosures, while experts laid out best practices for companies in a webinar on Tuesday.
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