RGGI emitters are sole buyers this week, while traders reduce exposure across North American carbon markets
Traders reduced exposure across North American carbon markets this week except for RGGI compliance entities, according to latest data from the US Commodity Futures Trading Commissions (CFTC) released Friday.
Read MoreWCI Markets: CCAs fluctuate on low volumes, WCAs continue to creep higher
California Carbon Allowance (CCA) prices fluctuated throughout the week, ending with minimal gains as traders await next week’s workshop on potential programme amendments, while Washington Carbon Allowance (WCA) values crawled higher amidst limited activity in the under-fire scheme.
Read MoreUK, Swedish firms close $325 mln forestry fund aimed at carbon removal
A UK-headquartered asset manager and Sweden-based forestry development firm closed an inaugural $325.3 million fund that targets over 18 mln tonnes of CO2 removal across 80,000 hectares of forest.
Read MoreUS VC firm closes $306 mln fund with decarbonisation, re-industrialisation focus
A US venture capital (VC) firm announced Tuesday the close of a $306 million fund that it said will focus on planetary and human health, with an emphasis on decarbonisation and re-industrialisation.
Read MoreANALYSIS: Environmental, economic interests converge in US federal CBAM bills
Proposals for various forms of a US carbon border adjustment mechanism (CBAM) are bringing together environmentally focused and economically inclined politicians from opposite sides of the political spectrum, offering a rare glimmer of hope for bipartisan agreement against an increasingly contentious climate-oriented global trade backdrop.
Read MoreVerra announces VCS updates to support CORSIA, CCP eligibility
Verra released Tuesday what it called “minor” updates of its Verified Carbon Standard (VCS), hoping for full approval under Phase 1 of the international aviation offsetting scheme CORSIA, as well as being eligible for the Core Carbon Principles (CCP) label.
Read MoreGlobal commodities firm deploys real time emissions reporting tech on LNG carrier
A Singapore-headquartered global commodities trading house plans to deploy a Swiss firm’s technology for real time measurement and reporting of GHG emissions, the companies said Monday.
Read MoreWCI Markets: CCAs cautiously higher on rulemaking progress, WCAs up on small volume
California Carbon Allowances (CCAs) picked up following the highly anticipated release of a public workshop date on cap-and-trade programme rulemaking and an economic impact analysis of proposed changes, while Washington Carbon Allowances (WCAs) continued to slowly regain footing after prices crashed earlier this year in wake of a repeal initiative.
Read MoreTwo Brazilian states plan impending issuance of first carbon credits, expecting hundreds of millions more
Two Brazilian states expect the issuance of their first batch of carbon credits in the next week and within the next few months, and also anticipate volumes in the hundreds of millions more in the future, as both continue their efforts to develop the carbon market in their jurisdictions.
Read MoreCO2 removals necessary to achieve US climate goals, but more federal support needed -report
The US may be a leader on CO2 removal technology (CDR), but greater federal support in driving demand, R&D, and demonstration and deployment is needed to fulfil national emissions reduction goals, a report published Wednesday found.
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