US hemp-focused carbon credit platform closes, CEO says
A Denver-headquartered carbon credit exchange company will close due to a failure to secure funding, its CEO announced in a LinkedIn post this week.
Read MoreWCI Q4 carbon allowance auction clears at record high
The November California-Quebec current vintage carbon auction settled at an all-time peak, even surpassing secondary market prices, while the advance sale clearing price also achieved a new high, according to government data published Wednesday.
Read MoreCalifornia’s power emissions increase in October, YoY decline slows down
California electricity sector CO2 emissions continued to decrease from the previous year’s levels in October, but at a more moderate pace than in recent months, as shares of natural gas CO2 output skyrocketed and renewables fell back, data published Monday showed.
Read MoreUS charity calls for project proposals on forest and community revitalisation
A South Carolina-based philanthropic endowment announced a request for proposals (RFP) on Monday as part of its new Impact Investing Program that seeks to deploy $5 million by 2024 to advance sustainable transformation of forests and forest-reliant communities.
Read MoreCalifornia gasoline sales rise at slower pace in August, while diesel’s decline decelerates
California gasoline sales and emissions increased only slightly in August compared to the previous year, while diesel consumption and greenhouse gas output lagged 2022 levels by the smallest margins seen so far this year, according to state data published Monday.
Read MoreBrazilian state signs $3 million agricultural carbon credit agreement with major bank
The Brazilian state of Roraima has signed a letter of intent (LOI) with a large Brazilian bank to facilitate $3 million in carbon credit funding for farmers who invest in sustainable agriculture.
Read MoreEmitters, speculators once again favour different CCA vintages, while both drop RGAs, WCAs
Compliance entities preferred current year vintage California Carbon Allowances (CCAs), while financial players opted for next year’s CCA vintage, and both groups shed RGGI Allowances (RGAs) and Washington Carbon Allowances (WCAs), US Commodity Futures Trading Commission (CFTC) data showed Monday.
Read MoreWCI Markets: CCAs, WCAs both ride to higher level prices on thinner volumes
California Carbon Allowances (CCAs) and Washington Carbon Allowances (WCAs) both saw rising prices even as volumes traded fell over the week, with market participants largely agreeing that CCAs would remain at a premium after the ARB cap-and-trade informal rulemaking public workshop slidedeck was posted on Wednesday, but were split on the fate of WCAs.
Read MorePREVIEW: ARB’s imminent cap-and-trade public workshop information looms over WCI Q4 auction
With a slidedeck for the California regulator’s cap-and-trade programme public workshop set to release half an hour after the upcoming fourth quarter carbon allowance sale, WCI market participants deliberated on whether the ARB’s release would affect bids at Wednesday’s auction.
Read MoreOregon Department of Environmental Quality releases proposed rulemaking for climate programmes
The Oregon Department of Environmental Quality (DEQ) released on Monday a set of proposed clarifications and modifications to a suite of climate programmes.
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