Democratic state AGs defend fossil fuel lawsuits from Republican challenge

Published 00:52 on August 23, 2024  /  Last updated at 00:52 on August 23, 2024  / /  Americas, US

A group of attorneys general (AGs) from Democrat-led states filed a brief Wednesday in the US Supreme Court (SCOTUS) defending their lawsuits to hold fossil fuel producers responsible for the effects of climate change.

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Cryptocurrency company sues New York for denial of its power plant renewal permit

Published 00:29 on August 22, 2024  /  Last updated at 00:29 on August 22, 2024  / /  Americas, US

A bitcoin mining company has sued New York for denying a permit renewal to its natural gas-fired power plant, due to its associated emissions, under the state’s flagship climate law.

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RGGI compliance entities expand allowance holdings in Q2, secondary market activity jumps -report

Published 01:52 on August 21, 2024  /  Last updated at 01:52 on August 21, 2024  / /  Americas, US

RGGI compliance entities expanded their allowance holdings during the April-June period even as their surplus shrank, while futures and options trading also grew substantially as credit prices rose to new records, according to a report published Tuesday.

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Brazilian carbon credit alliance defends REDD+ following Amazonas controversy

Published 01:43 on August 21, 2024  /  Last updated at 01:43 on August 21, 2024  / /  Americas, Nature-based, South & Central, Voluntary

A Brazil-based nature-based solutions (NBS) industry group defended REDD+ projects on Monday in wake of recent recommendations by the public prosecutor of Amazonas state to halt all related activities affecting Indigenous and traditional communities.

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US DOE announces $127 mln to test industrial carbon capture, conversion

Published 01:36 on August 20, 2024  /  Last updated at 01:36 on August 20, 2024  / /  Americas, US, Voluntary

The US Department of Energy (DOE) announced Monday up to $127.5 million in federal funding to support the development of CO2 capture, removal, and conversion test centres for cement manufacturing facilities and power plants.

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Regional cooperation can facilitate Article 6 development in Latin America -panellists

Published 04:16 on August 16, 2024  /  Last updated at 04:16 on August 16, 2024  / /  Americas, Climate Talks, International, Mexico, Nature-based, Paris Article 6, South & Central, Voluntary

Regional trade bloc agreements could help facilitate the development of Article 6 capacities and trading in Latin America, conference attendees heard Wednesday.

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Mexico’s Hidalgo exploring options for future state carbon tax -official

Published 02:32 on August 16, 2024  /  Last updated at 02:32 on August 16, 2024  / /  Americas, Carbon Taxes, Mexico, Nature-based, Voluntary

The Mexican state of Hidalgo is considering implementing a state carbon tax, which is expected to allow the use of offsets for compliance purposes, according to an official from the state’s environmental ministry.

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Mexico’s Queretaro, environmental markets platform launch national carbon offsetting registry

Published 01:35 on August 15, 2024  /  Last updated at 01:35 on August 15, 2024  / /  Americas, Mexico, Nature-based, Voluntary

The Mexican state of Queretaro and a Mexico City-based environmental markets platform launched Wednesday a national carbon credit registry tailored to local conditions, seeking to help facilitate the development of the nation’s carbon market.

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US DOE opens $54 mln funding opportunity for array of carbon management technologies

Published 00:11 on August 14, 2024  /  Last updated at 00:11 on August 14, 2024  / /  Americas, US, Voluntary

The US Department of Energy (DOE) opened Tuesday applications for $54.4 million in funding to support the development of technologies for the capture, transport, conversion, and storage of CO2.

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US CBAM can be vital climate, cooperation tool if crafted carefully -brief

Published 00:11 on August 13, 2024  /  Last updated at 00:11 on August 13, 2024  / /  Americas, Carbon Taxes, CBAM, International, US

Current proposals for a carbon border adjustment mechanism (CBAM) in the US are disjointed, but such a policy can be a valuable global climate tool if certain steps are taken to ensure its effectiveness as both a climate and economic measure, according to brief published recently.

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