WCI Markets: WCAs cool off post repeal defeat, CCAs gain amidst ARB update wait

Published 00:19 on November 8, 2024  /  Last updated at 00:19 on November 8, 2024  / and /  Americas, Canada, US

Washington Carbon Allowance (WCA) prices cooled off after spiking following the defeat of a referendum to repeal the programme, while California Carbon Allowance (CCA) values rose amidst anticipation of greater regulatory clarity from ARB.

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Brazil’s Para to launch $44 mln forest restoration concession -official

Published 02:03 on November 7, 2024  /  Last updated at 02:03 on November 7, 2024  / /  Americas, Nature-based, South & Central, Voluntary

The environmental secretary of Brazil’s Para said the state will launch at COP29 a R$250 million ($44 mln) concession for the restoration of 10,000 hectares of forest with the intention of generating carbon credits.

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UPDATE – Brazil’s Senate postpones vote on updated national ETS legislation

Published 02:06 on November 6, 2024  /  Last updated at 08:24 on November 6, 2024  / /  Americas, Carbon Taxes, Nature-based, South & Central, Voluntary

Brazil’s Senate on Tuesday postponed voting on a new compromise version of long-awaited national cap-and-trade legislation until next week.

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Brazilian REDD+ frameworks must address planned deforestation risk – developers’ group

Published 01:23 on November 5, 2024  /  Last updated at 01:23 on November 5, 2024  / /  Americas, Nature-based, South & Central, Voluntary

A group of Brazil-based nature-based solutions carbon credit project developers said in a technical note last week that the development of jurisdictional REDD+ approaches (J-REDD+) in the country must better address the risk of planned deforestation.

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US ELECTIONS PREVIEW – PART 4: CO2 pipelines dominate US Heartland environmental policy discourse ahead of elections

Published 18:30 on November 4, 2024  /  Last updated at 17:24 on November 5, 2024  / , , , , and /  Americas, Nature-based, RINs & LCFS, US, Voluntary

In the US Heartland CO2 pipeline controversy has brought glimmers of environmental policy to the region otherwise dominated by Republican trifectas, none of which are expected to shift at the upcoming November elections.

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US ELECTIONS PREVIEW – PART 2: Close US Senate races in ex-RGGI states could shift balance of power in Congress

Published 17:55 on November 4, 2024  /  Last updated at 17:55 on November 4, 2024  / , , , , and /  Americas, Carbon Taxes, US, Voluntary

US Northeast and Mid-Atlantic RGGI member states that are Democrat strongholds are mostly expected to retain their trifecta status at the upcoming elections, presumably allowing for continued design and passage of carbon market programmes in 2025.

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US ELECTIONS PREVIEW – PART 3: Southern Republicans to continue pursuit of CCS, IRA investments after US elections

Published 17:17 on November 4, 2024  /  Last updated at 17:17 on November 4, 2024  / , , , , and /  Americas, Nature-based, RINs & LCFS, US, Voluntary

Southern US Republican lawmakers are expected to retain a grip on state legislatures in the region after the November elections, while continuing to avail of clean technology investments spurred by the Inflation Reduction Act (IRA), and promoting carbon capture and storage (CCS) in the region.

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US ELECTIONS PREVIEW – PART 1: Policy implementation hurdles constrain WCI market schemes across US West as elections near

Published 16:38 on November 4, 2024  /  Last updated at 16:38 on November 4, 2024  / , , , , and /  Americas, Canada, Carbon Taxes, Nature-based, US, Voluntary

US West Coast states envisioned additional emissions reduction policies in the past legislative year, but implementation challenges have placed Washington’s carbon market on the ballot, with close elections in Arizona and Nevada that could dictate the future of environmental policy at a state and federal level.

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RGGI emissions drop over 3% YoY in Q3, reversing year-to-date trend

Published 01:59 on November 2, 2024  /  Last updated at 01:59 on November 2, 2024  / /  Americas, US

Covered emissions under the RGGI regional power sector ETS fell over 3% year-on-year (YoY) in Q3, programme data showed Friday, following two prior quarters of precipitous growth.

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BRIEFING: Experts from vulnerable countries call for higher quality, wider range of climate financing

Published 19:31 on October 31, 2024  /  Last updated at 19:31 on October 31, 2024  / /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Other APAC, South & Central

A consortium of think tanks focused on developing countries vulnerable to climate disasters called for enhanced quality and an expanded scope of funding sources in global climate finance ahead of COP29 in a webinar Thursday.

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