Millions in forest conversion offsets propel ARB issuance to record, few provide benefits to California
California regulator ARB granted 3.6 million California Carbon Offsets (CCOs) to an avoided conversion forest project, which took their bi-weekly issuance to all-time highs, but only a small percentage were tagged with direct environmental benefits (DEBs) to the state, data published Wednesday showed.
Read MoreTexas lawmaker introduces bill to establish state council for CO2 sequestration
A Texas Democratic lawmaker introduced legislation Monday to establish a state council for CO2 sequestration policy.
Read MoreFormer US CFTC chair who led VCM oversight effort departs agency
The former head of the US Commodity Futures Trading Commission (CFTC) who led the agency’s efforts to oversee voluntary carbon market (VCM) derivatives left the agency last week, and has been replaced by an acting chair.
Read MoreBrazil’s development bank, forest service launch notice for new forest concessions
Brazil’s national development bank and forest service launched Monday a public notice for sustainable forest management concessions covering 453,000 hectares in the state of Amazonas.
Read MoreRGGI Market: RGAs weak as uncertainty reigns amidst illiquidity, auction anticipation
RGGI allowances (RGAs) slipped in the last week as uncertainty from the Third Program Review continues to plague the market amidst limited liquidity, and market players began to position themselves ahead of next month’s auction, traders said.
Read MoreBrazil issues decree for Indigenous, traditional access to public forests
An interministerial decree in Brazil released this week seeks to regularise access to undesignated federal public forests in the Legal Amazon for Indigenous and traditional communities.
Read MoreRepublican state AGs, industry challenge New York’s Climate Superfund Act
A group of 22 Republican state attorneys general (AGs) and industry groups are challenging in federal court New York’s recently signed “Climate Superfund” law that targets fossil fuel firms.
Read MoreBrazilian state signs carbon credits MoU with environmental services firm
A small Brazilian state signed an MoU on Friday with a Sao Paulo-based environmental services firm that entails a carbon project the pair said could be worth more than R$300 million ($51.7 mln).
Read MoreBrazil proposes new regulatory agency to oversee national ETS -media
Brazil’s finance ministry is proposing to create a new agency to regulate and manage the country’s recently approved ETS, national media reported Thursday.
Read MoreUS rescinds $4 bln in pledged funding for Green Climate Fund, removes climate stress testing from banks
The administration of US President Donald Trump has rescinded previously pledged funding to the UN’s Green Climate Fund (GCF) amounting to some $4 billion, alongside a pullback of voluntary climate risk determinations from major US banks.
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