Brazilian state to launch concession for large-scale reforestation via carbon market -local media
The Brazilian state of Para will launch a public concession on 10,000 hectares of forest by the end of year, expected to generate millions in carbon credits through reforestation, local media reported Monday.
Read MoreRGGI Market: Prices hover around all-time records as spreads dominate high volume
RGGI allowance (RGA) values plateaued over the week, remaining firmly around all-time highs as market players rolled onto 2024 vintage contracts, with participants largely expecting prices to potentially rise in the new year ahead of information from the ongoing programme review.
Read MoreUS DOE awards $890 mln for CCS, $350 mln for methane cuts in latest outlay
The US Department of Energy (DOE) is awarding $890 million to three CCS projects, while alongside the US Environmental Protection Agency (EPA) has announced $350 mln to reduce methane emissions from the oil and gas sector, ramping up its investment in emissions cuts.
Read MoreUS government releases guidance on sustainable aviation fuel tax credits
The US Department of Treasury and Internal Revenue Service (IRS) released information on Friday clarifying eligibility for the sustainable aviation fuel (SAF) tax credits, intending to incentivise low carbon jet fuel production to reduce greenhouse gas (GHG) emissions and scale the industry.
Read MoreBritish Columbia unveils first sub-national sustainable aviation fuel mandate
British Colombia will require an escalating amount of sustainable aviation fuel (SAF) to be incorporated into its jet fuel mix, according to low carbon fuel standard (LCFS) updates released this week.
Read MoreCanadian energy major invests C$21.2 mln in carbon streaming joint venture
A Calgary-headquartered oil and gas company plans to acquire approximately a quarter of shares in a joint venture that focuses on investing in nature-based carbon credit projects, the firm has announced in a move intended to expand the latter’s number of pipeline projects.
Read MoreSwiss DAC company, global consulting firm sign 15-year CDR offtake deal
A Zurich-headquartered direct air capture (DAC) company and a US-based consulting firm have signed a 15-year agreement that entails the purchase of tens of thousands of CO2 removal (CDR) credits by the latter, in a move the two say is intended to help scale the nascent technology.
Read MoreCOP28: Carbon credits to take central role in energy transition through new initiatives
A form of carbon credit centred around funding the green energy transition in emerging economies took on newfound importance at COP28 in Dubai with the launch of multiple initiatives on the sidelines of the climate conference.
Read MoreCOP28: Organisations launch carbon data dashboard with integration from major registries
A Singapore-based initiative, which seeks to promote integrity and transparency of publicly available information in the carbon market, will incorporate data from four major carbon market standards into its public dashboard, the organisation announced at COP28.
Read MoreCOP28: Amazon could be the driver of decarbonisation and new economy in Brazil, report says
A series of several ambitious, but achievable, changes could transform Brazil’s climate and economy, but more robust efforts are needed, attendees heard from an expert panel discussion on the launch of a report at COP28 Monday.
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