CFTC: Both producers and managed money dilute V25s across WCI, RGGI carbon markets
Producers and managed money narrowed their California Carbon Allowance (CCA) and RGGI Allowance (RGA) net V25 length, even as the groups continued to build their open interest (OI) in the vintage year across both markets, data released Friday from the US Commodity Futures Trading Commission (CFTC) showed.
Read MoreUS DOE awards $200 mln for carbon recycling in ethylene production
The DOE has awarded $200 million to an ethylene plant slated for the US Gulf Coast that is expected to demonstrate a carbon capture technology in an ethylene production process, the companies announced.
Read MoreUPDATE – US pledges new 2035 emissions reduction NDC target
The White House released plans Thursday to reduce economy-wide emissions 61-66% by 2035 as part of its updated nationally determined contribution (NDC), in accordance with the Paris Agreement.
Read MoreWhite House releases policy guidance to reduce deforestation-linked imports
The Biden administration released guidance Tuesday to encourage policies that reduce imports of commodities and products driving illegal deforestation.
Read MoreMajor carbon credit buyers club inks $80 mln offtake deal for removals from paper mills, wastewater facilities
A carbon credit buyers club has reached offtake agreements with two carbon removal startups totalling $80 million that are expected to remove nearly 300,000 tonnes of CO2 by 2030, according to a Tuesday announcement.
Read MoreCarbon credit financier looks to cash in by converting CORSIA-eligible inventory
A Toronto-based carbon credit financier has tentative plans to transition its carbon credit inventories to one of the voluntary carbon standard methodologies recently approved for Phase 1 of CORSIA (2024-26) by the UN aviation body ICAO, although it is still awaiting formal guidance from Verra.
Read MoreRGGI appoints new board chair, approves 2025 budget
The Regional Greenhouse Gas Initiative (RGGI) Board of Directors unanimously elected a new slate of officers to serve on the programmes three committees on Friday, including the selection of a new board chair.
Read MoreMaryland climate advisory board votes to delay pursuing ETS
A Maryland climate commission voted Thursday to recommend the state delay adoption of an economy-wide cap-and-invest programme in order to allow for more time to study its economic impacts.
Read MoreGlobal CCS capacity to outstrip LNG volume -report
Global CCS capacity is estimated to outstrip global LNG supply volumes within the 2030s, yet would be unsustainable without a supportive commercial carbon price, according to forecasts released by a data and analytics company.
Read MoreCanadian biochar startup advances second production facility in Arkansas
A Canadian biochar developer is advancing plans to build its second commercial facility in Northwest Arkansas after signing a non-binding offtake agreement with a biochar buyer, the startup said Wednesday.
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