Environmental groups urge EPA to halt CO2 injection permits following Illinois leak
A group of 175 environmental groups from across the nation is urging the US Environmental Protection Agency (EPA) to cease issuing permits for new CO2 injection wells and stop the process nationwide following a leak discovered at an Illinois site.
Read MoreCOP29 finance goal “difficult to wrestle to the mat”, former US envoy says
The Obama administration’s special envoy for climate said Tuesday that pinning down a number to succeed the existing $100 billion climate finance goal during the upcoming COP29 summit will be “very difficult to wrestle to the mat”.
Read MoreCanada’s CO2 removal procurement programme should prioritise permanent removals -report
Canada’s new federal effort to purchase CO2 removal (CDR) services to help green governmental operations must be designed in a way to prioritise support for permanent carbon removal and storage services, an October report said.
Read MoreUS Supreme Court to consider proper legal venue for challenges to EPA rules
The US Supreme Court has agreed to consider a set of cases questioning the proper venue for hearing challenges to recent regulatory actions by the US Environmental Protection Agency (EPA), the court said in an order issued Monday.
Read MoreCFTC: Financials reduce net length across the board, producers build RGGI and WCA holdings
Financial players cut their holdings across the board of North American carbon in the most recent report from the US Commodity Futures Trading Commission (CFTC), while emitters also reduced their exposure to California Carbon Allowances (CCAs) but built net length in RGGI allowances (RGAs) and Washington Carbon Allowances (WCAs).
Read MoreUS reforestation project kicks off in Pennsylvania with aim to generate 380k credits
A reforestation group announced Thursday that it is beginning a land reclamation project in Northwest Pennsylvania this month, kicking off a larger 2,800-acre reforestation project across the Appalachian region, to be financed by the expected sale of nearly 400,000 carbon credits.
Read MoreWCI Markets: CCA prices cool off post ARB notice spike, WCAs quiet ahead of repeal vote
California Carbon Allowance (CCA) futures prices tailed off Thursday as initial market excitement over ARB’s regulatory notice published earlier in the week eased, while the Washington Carbon Allowances (WCA) activity remained muted despite some positive polling for the programme ahead of November’s repeal vote.
Read MoreExperts forecast ‘convergence’ between VCM and government regulation
The voluntary carbon market (VCM) will continue attracting adjacent government regulations related to credit transparency and trading behaviour without fully regulating the market, offset experts said during a Wednesday webinar.
Read MoreRGGI Market: RGAs briefly reverse slide in thin trade
RGGI Allowance (RGA) prices in the secondary market briefly caught a headwind over the past week to reverse a sell-off since the market administrator released programme updates.
Read MoreHawaii Supreme Court ruling shields insurer from paying out climate damages
A major US insurance company notched a win in a Hawaii Supreme Court ruling that found a policy issued to an oil and gas company does not cover damages from greenhouse gas (GHG) emissions.
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