Questions loom over climate fund for developing nations ahead of COP29
After years of negotiations, a key climate fund for developing nations is poised to become a reality during the upcoming COP29 summit in November, but looming technical and political decisions will determine the fund’s ultimate scope, participants said at a panel event Wednesday.
Read MoreUS startup secures 10-yr offtake deal for about 400k tonnes of biochar at $275 apiece
A US-based CO2 removal (CDR) company announced Tuesday that it has sold nearly 400,000 tonnes of biochar credits to an undisclosed US buyer.
Read MoreUS commodity price reporter partners to launch exchange platform for tech-based offsets
A tech company has partnered with a major price reporting agency to launch a trading platform for the voluntary carbon market that will focus on the exchange of tech-based carbon offsets, the companies announced Tuesday.
Read MoreWashington Clean Fuel Standard cumulative credit surplus surpasses 1 mln in Q1 2024
The net credit surplus in Washington’s Clean Fuel Standard (WCFS) surpassed the 1-million mark for the first time in Q1 2024, with growth in renewable diesel (RD) credits surging nearly 60% higher than the last quarter, state data showed.
Read MoreCFTC: Financials favour V25 CCAs again, while producers prefer V24s and both avoid RGAs
Financial entities once again favoured V25 California Carbon Allowances (CCAs) while producers preferred the current year vintage, and both trimmed net length in RGGI allowances (RGA), according to data published Friday by the US Commodity Futures Trading Commission (CFTC).
Read MoreWCI Q4 auction ups allowance volume after Q3 dip
The California-Quebec joint WCI auction in November will offer a higher volume of allowances this quarter following Q3’s year-to-date nadir, according to a Friday notice from California regulator ARB.
Read MoreCalifornia’s LCFS changes would create decarbonisation ‘obstacles,’ ethanol producer says
Ethanol producer POET publicly criticised proposed changes to the Low Carbon Fuel Standard (LCFS) Tuesday when the producer’s senior attorney told a California ARB division chief that the changes would introduce “obstacles” to practical decarbonisation pathways.
Read MoreUS ban on Chinese UCO would ‘disincentivise’ foreign LCFS programmes -panel
Biofuel producers warned Tuesday against a US ban on used cooking oil (UCO) imports from China, arguing that a ban would disincentivise foreign biofuel-producing nations from creating mandates to decrease emissions of transportation fuels through Low Carbon Fuel Standard (LCFS) regulations.
Read MoreUS IRA tax credits need refined carbon intensity scoring methodology -panel
The US Internal Revenue Service (IRS) should refine carbon scoring systems related to the various clean energy tax credits within the Inflation Reduction Act (IRA) as the agency continues hammering out guidelines for its implementation, a panellist said during a Tuesday conference.
Read MoreRGGI Market: RGAs slump 15% as compliance demand recedes
RGGI Allowance (RGA) prices plummeted nearly 15% over the past week as strong compliance demand through the summer begins to dry up heading into ‘shoulder’ season.
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