Insurance firm expands its nature-based commitment by investing in Alberta’s forest restoration project
An Ontario-based insurance company announced its partnership with a Canadian forest carbon project on Wednesday to revitalise 1,280 acres (520 ha) of degraded land in Alberta.
Read MoreCOP28: Canadian carbon offset fund exceeds initial target
A Canadian fund to develop offset projects for the North American compliance and voluntary carbon markets has surpassed its initial fundraising target of C$115 million ($84.6 mln).
Read MorePREVIEW: Washington’s Q4 carbon allowance auction expected to clear above Tier 1
Most market observers expect Washington’s final cap-and-trade current vintage auction for 2023 to settle above the Allowance Price Containment Reserve (APCR) Tier 1 price and consequently trigger a reserve permit offering for the third time this year.
Read MoreAnalyst presents higher forecasts for CCAs, WCAs, and RGGI
A monthly report by a carbon market analysis firm revealed higher forecasts for California Carbon Allowance (CCA) prices in December and 2024, subject to changes in price triggers, with Washington Carbon Allowance (WCA) values also expected to rise, while the outlook for RGGI Allowances (RGAs) saw prices converging towards the Cost Containment Reserve (CCR) trigger in the later part of 2024.
Read MoreCalifornia, Washington release auction reserve prices for 2024
The California-Quebec carbon market and Washington’s cap-and-trade programme on Friday announced similar auction floor prices and allowance price containment reserve (APCR) levels for 2024, as the linked WCI scheme also established next year’s sale volumes.
Read MoreEmitters shorten across markets while speculators pick up CCAs and RGGI
Compliance entities and speculators both shed their V23 California Carbon Allowance (CCA) holdings in favour of V24, favoring the reverse in RGGI, while both groups reduced their Washington Carbon Allowance (WCA) positions over the last week, US Commodity Futures Trading Commission (CFTC) data showed Friday.
Read MoreUS DOE announces funding to advance commercial-scale carbon management
The US Department of Energy (DOE) has launched federal funding for projects to accelerate the commercial deployment of carbon capture, transport, and storage throughout the US to address legacy GHG output, as well as emissions from industrial operations and power plants.
Read MoreICE introduces Trade at Settlement for certain CCA futures contracts
ICE is introducing Trade at Settlement (TAS) capability for some California Carbon Allowances (CCA) futures starting December, the exchange announced Wednesday.
Read MoreWashington releases draft cap-and-trade bill to facilitate WCI linkage
The Washington State Department of Ecology (ECY) on Monday published a draft cap-and-trade bill that incorporates amendments to facilitate linkage between the state’s carbon market with the broader California-Quebec scheme, as well as other tweaks to the Climate Commitment Act (CCA).
Read MoreHeavy industrial and transportation sectors require $13.5 trillion to decarbonise by 2050 -report
A report released by the World Economic Forum (WEF) and consultancy Accenture on Tuesday assessing the decarbonisation efforts of heavy industry and transport sectors says the industries require $13.5 trillion in investment to achieve net zero by 2050.
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