New York’s 2026 state budget omits NYCI provisions
New York Governor Kathy Hochul (D) signed the state’s fiscal year 2026 budget Friday, which lacked provisions related to a planned cap-and-invest programme, known as NYCI.
Read MoreRhode Island, oil majors debate discovery in climate change liability lawsuit
Rhode Island and a group of oil firms led by Chevron debated in court this week the need for discovery of evidence, as the companies looks to fight a suit brought by the state seeking damages for the effects of climate change.
Read MoreBrazilian legislative committee approves bill to allow carbon credit usage against agricultural taxes
A committee in Brazil’s Chamber of Deputies approved Wednesday a proposal to allow the use of forestry-based carbon offsets against agricultural tax obligations.
Read MoreGoogle announces superpollutant carbon credit deals with Indonesian, Brazilian projects
US-based tech giant Google on Thursday announced carbon credit deals for the equivalent of 1 million tonnes of CO2e over the next century from a commercial cooling project in Indonesia and a landfill activity in Brazil.
Read MoreCarbon credit financier, UAE investment firm sign MoU for $100 mln climate solutions venture
A carbon credit financier and a Dubai-headquartered investment firm have signed a Memorandum of Understanding (MoU) to establish a global decarbonisation and climate solutions joint venture (JV), with an expected $100 million in initial investment.
Read MoreExchange announces first delivery of CORSIA Phase 1 credits at over $24 per tonne
An exchange announced Wednesday it has completed the successful delivery of some 50 CORSIA Phase 1-eligible lots at several dollars above both recent settlement prices and a special auction held late last year.
Read MoreBrazilian partners announce 50k-hectare ARR project
A Brazilian bank, a Sao Paulo-based developer, and a national agricultural cooperative on Wednesday announced an agreement targeting a 50,000-hectare afforestation, reforestation, and revegetation (ARR) project in the Cerrado and Atlantic Forest regions.
Read MoreFrench bank, REDD+ marketing firm unveil $50 mln initiative for standard’s first projects
A Paris-headquartered bank and a US-based REDD+ marketing firm announced Wednesday a $50 million initiative for Indigenous- and traditional community-led Amazonian forest conservation projects – the first under a nascent standard.
Read MoreNet losses more than double in 2024 during “necessary reset” for Canadian developer
A Vancouver-based carbon project developer announced Wednesday that its net losses more than doubled in fiscal year 2024, a period which the company’s CEO described as a “necessary reset”.
Read MoreBrazilian project developer secures $30 mln in latest funding
A Sao Paulo-based reforestation carbon removal (CDR) project developer announced Tuesday it has secured $30 million in a Series A funding round.
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