California compliance offset issuance retreats, though exceeds 2022 levels through Q3

Published 22:57 on September 27, 2023  /  Last updated at 22:57 on September 27, 2023  / Graham Gibson /  Americas, Canada, US

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.

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RGGI Market: Programme review meeting propels RGAs to all-time high above Cost Containment Reserve trigger

Published 22:59 on September 26, 2023  /  Last updated at 23:12 on September 26, 2023  / Graham Gibson /  Americas, US

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.

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Canadian carbon credit investor enters second streaming agreement with reforestation developer

Published 20:01 on September 25, 2023  /  Last updated at 20:01 on September 25, 2023  / Graham Gibson /  Americas, Nature-based, US, Voluntary

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.

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Canadian project developer and UK tech firm partner for direct air capture plant

Published 16:26 on September 25, 2023  /  Last updated at 16:26 on September 25, 2023  / Graham Gibson /  Americas, Canada, Voluntary

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.

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Field testing for ocean-based carbon removal is necessary, but hurdles are steep, experts say

Published 21:48 on September 22, 2023  /  Last updated at 21:48 on September 22, 2023  / Graham Gibson /  International, Nature-based, Voluntary

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.

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Corresponding adjustments will “kill the voluntary market”, carbon standard argues

Published 23:35 on September 21, 2023  /  Last updated at 23:35 on September 21, 2023  / Graham Gibson /  International, Paris Article 6, Voluntary

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.

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ICVCM teases possible CCP-labelled futures contracts, outlines potential fast-tracking

Published 23:41 on September 20, 2023  /  Last updated at 23:52 on September 20, 2023  / Graham Gibson /  Voluntary

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.

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Direct air capture developer to pursue certification with carbon removal platform

Published 21:21 on September 18, 2023  /  Last updated at 23:25 on September 18, 2023  / Graham Gibson /  Voluntary

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.

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Labour leaders advocate for workers’ concerns in New York cap-and-invest programme design

Published 00:32 on September 16, 2023  /  Last updated at 01:07 on September 16, 2023  / Graham Gibson /  Americas, US

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.

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US legislators introduce bill for national programme on carbon removal R&D

Published 16:47 on September 15, 2023  /  Last updated at 16:47 on September 15, 2023  / Graham Gibson /  Americas, US, Voluntary

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.

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