US carbon marketplace startup partners with Brazilian NGO to generate smallholder farm offsets
A California-headquartered startup announced Wednesday a partnership with a Brazilian civil society organisation to bring carbon credits directly from Brazilian smallholder farmers to market.
Read MoreViability of certain CCUS projects hinges on higher carbon price, technology improvements -report
Carbon capture, utilisation, and storage (CCUS) projects stemming from exhaust streams of natural gas driven compressors will not be economically viable until higher carbon prices are realised in the US and Canada, although emerging technologies also show promise in reducing cost, according to a report published Wednesday.
Read MoreVerra details initial outline of revamped rice farming carbon offset methodology in wake of controversy
Verra provided early-stage details and a preliminary outline of a new Verified Carbon Standard (VCS) methodology for reducing emissions from the cultivation of rice in a webinar Tuesday, as the international standard seeks to replace a formerly popular but now discredited Clean Development Mechanism (CDM) methodology that prompted integrity concerns last year.
Read MoreQuebec scales down free allowances, rise in recipient entities in 2024
Quebec’s initial free allowance distribution for 2024 regressed slightly from the previous year, even as the number of industrial cap-and-trade emitters receiving allocation increased, according to data published Monday by the province’s environmental ministry.
Read MoreSpeculators add largest CCA net haul in 11 mths, Washington below CFTC threshold for third week
Regulated entities dropped their holdings of California Carbon Allowances (CCAs) as speculators recorded the largest net increase in holdings since last February, while no reporting of Washington Carbon Allowances (WCAs) took place for the third consecutive week.
Read MoreBrazilian coffee cooperative achieves carbon negative harvest -study
Farmers in a region of southeastern Brazil achieved the harvest of coffee that results in the sequestration of more CO2 than it produces via the employment of organic farming techniques, according to a study from a Brazilian NGO.
Read MoreDelaware judge limits geographic scope of climate change lawsuit against Big Oil firms
A Delaware Superior Court judge on Tuesday partially dismissed a state lawsuit against a multitude of Big Oil firms to hold them responsible for the effects of climate change, ruling that the global and out-of-state emissions were outside the boundaries of state law, while upholding the state’s case regarding emissions stemming from within Delaware’s border.
Read MoreWCI Markets: CCAs break records as market repositions, WCAs suffer from political uncertainty
California Carbon Allowance (CCA) prices broke all-time records this week, with traders articulating an array of opinions behind the rally, while Washington Carbon Allowance (WCA) prices witnessed a fairly precipitous pullback, which multiple market participants said could be attributed to political uncertainty around the future of the programme.
Read MorePreliminary estimates show US emissions decline in 2023 for first time in two years -research firm
Preliminary analysis estimates that US greenhouse gas (GHG) emissions fell by almost 2% year-on-year (YoY) in 2023 driven largely by a cleaner power sector and lower energy use in buildings, breaking two consecutive years of rising national emissions, despite increases in emissions from the transport and industrial sectors, research published Wednesday showed.
Read MoreNew York assemblywoman introduces counter proposal legislation for future cap-and-invest
A Democratic assemblywoman in New York’s lower house has introduced legislation for an alternative proposal for the state’s future cap-and-invest programme that entails stricter guidelines, following publication of a preliminary outline of the programme last month by state agencies.
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