Washington House committee advances WCI linkage, debates speculator study bills for cap-and-invest
Members of the Washington House Environment and Energy Committee advanced a bill intended to facilitate linkage between the state’s young cap-and-invest programme and the California-Quebec carbon market on Thursday, while also hearing testimony and debating issues around a proposal to study the inclusion of speculators in allowance auctions.
Read MoreBrazilian carbon credit developer receives $38 mln for forest restoration from national development bank
A Rio de Janeiro-based developer has received R$186.7 million ($37.8 mln) in financing from Brazil’s national development bank for forest restoration in the country’s Amazon and Atlantic Forest biomes, it announced Wednesday.
Read MoreVerra provides updated timeline on reform efforts
Verra provided stakeholders with updated information and timelines on a number of methodological, operational, and other aspects of its reform push in a webinar Wednesday, as the registry continues to seek a ‘new era’ following sustained criticism and controversy in the voluntary carbon market (VCM).
Read MoreResearchers detail recommendations for cookstove offset developers, buyers amid over-crediting controversy
US researchers outlined recommendations for developers and buyers of cookstove projects to improve quality in the voluntary carbon market (VCM) following publication Tuesday morning of a study identifying over-crediting in cookstove offset projects at a much higher level than previously thought.
Read MoreRGGI Market: RGAs regain record prices amid market bullishness
RGGI allowances (RGAs) bounced back over the week, notching an all-time record settlement and high volumes late in the week, with market participants telling Carbon Pulse that a general sense of bullishness persisted in light of the ongoing Third Program Review and other structural factors of the scheme.
Read MoreAlmost 350,000 offsets used against subnational Mexican carbon tax -official
Almost 350,000 tonnes worth of carbon offsets have been used against the carbon tax of a Mexican state, according to an official presenting a report by the environmental market platform of the Mexican Stock Exchange on Wednesday.
Read MoreCalifornia gasoline sales dip again in October, diesel sales exceed 2022 levels
California gasoline sales and emissions trailed 2022 levels for the second month in a row in October, although by a smaller margin, while monthly diesel sales and emissions exceeded those from the previous year for only the second time in 2023, according to state data released Friday.
Read MoreUK mining giant invests in Chilean blue carbon offset project
A UK-based global mining company is backing a Chilean developer presenting what it claims to be the nation’s first blue carbon offset project, developed alongside a university and aquacultural innovation centre.
Read MoreUS Senate Committee advances bill to study GHG emissions from certain domestic, overseas products
US Senate Commitee on Environment and Public Works approved the PROVE IT Act on Wednesday, which seeks to gather and compare emissions data from the production of a variety of products in the US and a number of other countries.
Read MoreBottom trawling responsible for ~370 Mt of emissions annually -study
Dragging heavy fishing nets across the ocean floor was newly discovered to be a significant source of CO2 pollution in the atmosphere, to the extent that it could more than double the annual CO2 emissions of the entire global fishing fleet, according to a study published Thursday.
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