Expanded ETS proposal, extensive oil production cloud Brazilian climate policy -report
The enhanced eligibility of REDD+ credits in partially-approved ETS legislation in Brazil, alongside increased investment in oil production, could contradict the country’s climate policy ambitions, according to a report published Wednesday.
Read MoreRGGI Market: RGAs retreat from record levels as market seeks rebalance
RGGI allowance (RGA) rallied to an all-time high on Thursday but retreated in the following two days, with market participants largely not expecting prices to continue on their recent upward trajectory in the short term.
Read MoreBrazilian development bank signs forest concessions agreement, pledges to support state carbon markets
Brazil’s national development bank on Friday signed a deal on concessions for restoration and sustainable forestry projects on almost 73,000 hectares of deforested land, while also agreeing to support two states in their efforts to scale their own carbon markets.
Read MoreSenior lawmakers introduce legislation to create carbon market in Brazil’s Parana
Two legislators in Parana this week introduced a bill that would establish a regulated carbon market in the southern Brazil state.
Read MoreDOE announces $500 mln for CCS transport infrastructure projects
The US Department of Energy (DOE) announced Thursday that it would provide up to $500 million to support the nation’s carbon capture and storage (CCS) transport system, as it continues to ramp up its support of the technology.
Read MoreMultiple developers earn concessions from Brazilian state for REDD+ projects
Five project developers have earned concessions worth a total of over 11 million hectares from a heavily forested Brazilian state as it continues efforts to develop its carbon market.
Read MoreCalifornia March emissions drop to record lows as renewables output rises, natural gas retreats
California electricity sector emissions continued to fall to record lows in March, as renewables expanded their share of the state’s energy supply, while natural gas again receded, data published Wednesday showed.
Read MoreRGGI emissions rise 9% YoY in Q1
Emissions under the US Northeast and Mid-Atlantic power sector cap-and-trade scheme jumped 9.1% year-on-year (YoY) in the first quarter of 2024, as CO2 output in the majority of participating states rose, programme data showed Wednesday.
Read MoreRemovals buyers’ group seals $58.3 mln offtake with US CDR developer
A buyers’ club and a Houston-headquartered CO2 removal (CDR) developer announced Wednesday the signing of an $58.3 million multi-year offtake agreement, as the group continues its support of the developing market.
Read MoreUS releases handbook to guide emerging economies in CCUS development, implementation
The US Department of Commerce released Tuesday a handbook intended to guide emerging economies in developing and implementing frameworks to catalyse investment into carbon capture, utilisation, and storage (CCUS) projects worldwide.
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