Partnership to provide best practices guidance, advance voluntary carbon market in Yucatan
The Voluntary Carbon Market Integrity Initiative (VCMI), in collaboration with the Yucatan government and global advisory firm Climate Focus, has announced a new partnership to establish best practice guidelines for voluntary carbon market (VCM) projects in the Mexican state.
Read MoreBrazilian CCUS regulatory framework should adopt experimental approach -report
The federal agency likely to be responsible for oversight of Brazilian carbon capture, utilisation, and storage (CCUS) should adopt an experimental regulatory approach based on pilot projects, according to a report published earlier this month.
Read MoreRGGI Market: RGAs breach $21 on highest weekly volumes of year
A spate of strong compliance demand pushed RGGI allowance (RGA) prices to new record levels last week, traders said, as the market notched its highest weekly volumes of 2024.
Read MoreCalifornia bill to develop ocean CDR unanimously advances in state assembly
A committee within the California Assembly unanimously approved last week a bill to assess and advance the use of ocean CO2 removal (CDR), including by qualifying approved projects for inclusion in the state’s carbon credit programmes.
Read MoreSecond tranche takes Canadian asset manager’s forest fund to $335 mln
A major Canadian global asset manager announced on Friday the second close of its forest fund, investing in sustainably managed forests where carbon sequestration is prioritised over timber production.
Read MoreUS EPA finalises pollution limits for fossil-fuel power plants, important role for CCS
The US Environmental Protection Agency (EPA) on Thursday finalised a suite of standards for new and existing fossil-fuel power plants to reduce 90% of their emissions, which also envision an important role for carbon capture and storage (CCS).
Read MoreCanadian insurance subsidiary piles C$6 mln into nature-based removals, conservation
A Candian subsidiary of a UK insurance multinational has provided C$6 million ($4.4 mln) to a non-profit towards the development of nature-based carbon projects and conservation efforts, it announced Wednesday.
Read MoreVolatile day in California market as ARB workshop largely dodges main rulemaking questions
WCI traders’ expectations for more clarifications on cap adjustment details, cost containment changes, and allowance allocation considerations from ARB at Tuesday’s workshop failed to materialise, resulting in volatile price action in the secondary market.
Read MoreDOE dishes out $11 mln for CCS transport infrastructure projects
The US Department of Energy (DOE) announced Monday the allocation of $11 million to four CO2 transport projects across multiple states, as the agency continues to enable large-scale carbon capture and storage (CCS) initiatives.
Read MoreEnergy Transition Accelerator announces steps forward, US to introduce offset guidance soon
The Energy Transition Accelerator (ETA), a US-led jurisdictional carbon crediting programme, on Friday detailed its recent developments, while the top US climate envoy said that federal guidelines for the use of offsets will be published in the coming days.
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