California compliance offset issuance retreats, though exceeds 2022 levels through Q3
California took a slower pace in the issuance of compliance offsets over the last two weeks, including of those tagged with direct environmental benefits (DEBs), although it continues to distribute credits faster than last year, data from state regulator ARB published Wednesday showed.
Read MoreRGGI Market: Programme review meeting propels RGAs to all-time high above Cost Containment Reserve trigger
RGGI Allowance (RGA) prices vaulted above the 2023 Cost Containment Reserve (CCR) trigger price on Tuesday afternoon and set a new all-time high in the process, following officials from the power sector cap-and-trade programme discussing the finer points of recent modelling to tighten the scheme.
Read MoreCanadian carbon credit investor enters second streaming agreement with reforestation developer
A Toronto-based carbon financier and a US reforestation company announced Monday a second streaming agreement that will generate credits from a post-wildfire forest restoration project in California.
Read MoreCanadian project developer and UK tech firm partner for direct air capture plant
A Montreal-headquartered CO2 removal (CDR) project developer and a London-based direct air capture (DAC) company on Monday announced plans to demonstrate the technology at a facility in Quebec.
Read MoreField testing for ocean-based carbon removal is necessary, but hurdles are steep, experts say
Proving marine CO2 removal in the field is necessary to scale the nascent technology, but further private sector funding and government support are needed for the development of research, expert panel says.
Read MoreCorresponding adjustments will “kill the voluntary market”, carbon standard argues
Any potential mandate for corresponding adjustments in the voluntary carbon market will depress activity in the space, though alterations to host country emissions inventories can still be useful in some instances, a conference heard Thursday.
Read MoreICVCM teases possible CCP-labelled futures contracts, outlines potential fast-tracking
Futures contracts for carbon credits tagged with its Core Carbon Principles (CCP) moniker could appear soon, a member of the Integrity Council on the Voluntary Carbon Market’s (ICVCM) executive body said Wednesday, as the cross-stakeholder group has introduced working groups that could fast-track some offset categories for labelling.
Read MoreDirect air capture developer to pursue certification with carbon removal platform
A direct air capture (DAC) project developer on Monday announced that it is partnering with a carbon credit registry to achieve certification of its carbon dioxide removal (CDR) services under the latter’s standard.
Read MoreLabour leaders advocate for workers’ concerns in New York cap-and-invest programme design
In a webinar Friday, a panel of labour representatives cautioned the state against over-zealous regulation in its forthcoming cap-and-invest programme, while urging the protection of workers and jobs.
Read MoreUS legislators introduce bill for national programme on carbon removal R&D
A US congressman and senator introduced companion bills on Thursday that would launch a 10-year, multi-agency programme for research, development, and demonstration of multiple varieties of carbon removal technologies.
Read More