Mexican ejidos emphasise job creation over profit from IFM projects -analyst
Forestry projects among ejido communities in Mexico have a greater emphasis on using carbon revenues to maximise local employment opportunities rather than generating profit, according to an analyst.
Read MoreUS oil company launches carbon storage subsidiary
A US-based multinational oil company launched a carbon storage subsidiary this week that will operate alongside its existing operations to provide emitters with a suite of carbon capture and storage (CCS) options.
Read MoreUS Senate reconciliation text shreds clean energy tax credits while expanding 45Q for EOR
The US Senate Finance Committee released its reconciliation text Monday evening, which takes a hatchet to several green energy tax credits while enhancing the 45Q incentive for enhanced oil recovery (EOR).
Read MoreRising RIN prices could spark SAF production increase -analysis
Rising prices for credits generated under the US EPA’s Renewable Fuel Standard (RFS) reached their highest peak in the last two years last month, which could spark production increases for sustainable aviation fuel (SAF) across the US, according to a recent market analysis.
Read MoreSenate Republicans target climate programmes, SAF, fuel economy standards in new reconciliation text
The latest US Senate budget reconciliation package released Thursday evening proposes to make further cuts to Inflation Reduction Act (IRA) spending — this time targeting funding for sustainable aviation fuels (SAF) and “unneeded” climate and environmental projects, along with fuel economy standards.
Read MoreUS Senate committee releases its IRA repeal plan in new reconciliation package
The US Senate Environment and Public Works Committee has released its version of the budget reconciliation bill that, much like the House version, proposes to gut several GHG reduction programmes funded by the Inflation Reduction Act (IRA).
Read MorePorts should ditch ‘first come, first served’ queueing system to reach IMO goals – report
New research shows that the shipping industry could reduce a sizeable chunk of its CO2 emissions by ditching “first-come, first-served” port arrival systems and implementing queueing systems that don’t incentivise ships to rush to their destination.
Read MoreOklahoma prepares to file Class VI well primacy application
The Oklahoma legislature has given the green light for the state to prepare an application to have permitting and enforcement authority over the state’s Class VI carbon injection wells.
Read MoreUS Democrats propose biomass CDR tax credit in fight against wildfires
Two Democratic US senators are proposing a bill that would create a tax credit for biomass carbon removal and storage (BiCRS) projects in order to reduce wildfire risks while driving down emissions.
Read MoreUS DOE adjusts lifecycle emissions methodology to expand 45Z eligibility
The federal 45Z tax credit originally designed to spur the production of clean transportation fuels can now be claimed by more producers using fossil fuel feedstocks after the US DOE made several adjustments to the way it calculates fuels’ lifecycle emissions.
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