Canadian offset financier reports net income in Q3 as cost reduction efforts advance into strategic review
A Toronto-headquartered voluntary carbon credit firm provided updates on its restructuring measures to optimise costs as it recorded net income for the third quarter of the year, according to quarterly earnings published Tuesday.
Read MoreWashington shares potential offset protocol updates ahead of cap-and-invest rulemaking
The Washington Department of Ecology (ECY) on Tuesday presented its considerations to expand the scope of offset projects under the state’s cap-and-invest programme as rulemaking approaches.
Read MoreAirline partners with Canadian project developer to offset emissions from flight operations
A charter airline service provider announced on Tuesday a partnership with Canadian-headquartered carbon project developer to offset GHG output from aviation fuel burn and customer air travels.
Read MoreUS national treasury presents assessment on the economic impact of federal climate policies
The US Department of Treasury on Monday provided an analysis of how federal policies to address climate change can uplift the economy.
Read MoreRGGI Market: RGAs set new records for benchmark, but volumes plunge
RGGI allowances (RGAs) inched upwards in the past week to break a record settlement price for the benchmark contract for two consecutive days even as volumes took a dive, while market participants remained positive about prices hovering below the Cost Containment Reserve (CCR) trigger levels.
Read MoreOregon Clean Fuels Program credit generation hits record in Q2 2023
The highest number of quarterly credits in the history of the programme saw Oregon’s Clean Fuels Program (OCFP) generate the second highest quarterly net credit surplus during the second quarter of the year, even as gasoline deficits reached their peak, according to state data published Thursday.
Read MoreCalifornia environmental justice body recommends limitations to cap-and-trade programmes, experts explore facility-specific caps
California’s Environmental Justice Advisory Committee (EJAC) to state regulator ARB on Thursday recommended several limitations to the cap-and-trade programme, while experts from a Washington, DC-based think tank presented their findings on facility-specific emission reductions.
Read MoreCoalition commends US CO2 pipeline safety standards, provides additional recommendations
A coalition for carbon management has put forward safety-focused proposals to scale the CO2 pipeline infrastructure, while reviewing the sector’s safety record.
Read MoreNGOs, utilities welcome California’s potential cap-and-trade amendments, oil association pushes back
Representatives from climate groups and electricity utilities continued to provide feedback to California regulator ARB regarding changes to the state’s cap-and-trade regulations, while a petroleum association opposed increased programme stringency.
Read MoreWashington to pursue linkage to California, Quebec carbon markets under WCI
Washington state will pursue linking its cap-and-invest scheme with California and Quebec under the WCI programme, the director of the state’s Department of Ecology (ECY) announced Thursday.
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