Brazilian national development bank launches $180 mln credit line for forestry investments

Published 23:14 on September 12, 2024  /  Last updated at 23:14 on September 12, 2024  / /  Americas, Nature-based, South & Central, Voluntary

The national development of Brazil announced Thursday the launch a R$1 billion ($180 million) credit programme aimed investments in forestry activities that promote native vegetation and capture CO2 from the atmosphere.

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Canadian CDR firm receives C$2.5 mln investment from major banks

Published 16:06 on September 12, 2024  /  Last updated at 16:06 on September 12, 2024  / /  Americas, Canada, Nature-based, Voluntary

A Canadian carbon removals (CDR) company announced Thursday it has received C$2.5 million ($1.8 mln) from two major banks.

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DAC developer signs $3 mln engineering agreement for Louisiana project

Published 23:38 on September 11, 2024  /  Last updated at 23:38 on September 11, 2024  / /  Americas, Asia Pacific, EMEA, Japan, US, Voluntary

A direct air capture (DAC) developer on Wednesday announced a $3 million phased commercial agreement with global partners to launch engineering studies and potentially supply CO2 removal (CDR) credits from a Louisiana project.

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Iowa politicians ramp up opposition to CO2 pipeline

Published 22:00 on September 11, 2024  /  Last updated at 22:00 on September 11, 2024  / /  Americas, US, Voluntary

County supervisors in Iowa on Tuesday condemned the use of eminent domain for a proposed CO2 pipeline, while state Republicans announced plans to challenge the project’s approval.

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California defends clean vehicle standard authority against SCOTUS appeal

Published 22:30 on September 10, 2024  /  Last updated at 22:30 on September 10, 2024  / /  Americas, US

California filed a brief Monday in the US Supreme Court (SCOTUS) urging that it toss out an appeal by Republican states and energy industry interests to overturn the state’s longstanding authority to set clean vehicle standards stricter than federal equivalents.

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US-based exchange to launch Alberta TIER carbon futures next week

Published 00:56 on September 10, 2024  /  Last updated at 00:56 on September 10, 2024  / /  Americas, Canada, RINs & LCFS, US, Voluntary

A North American environmental commodities exchange announced Monday that it will next week launch futures contracts for Alberta Technology Innovation Emission Reductions (TIER) credits, as well as a suite of new renewable energy credit (REC) trading products.

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Brazilian oil company, agricultural research organisation to cooperate on raw materials for biofuels

Published 00:30 on September 10, 2024  /  Last updated at 00:30 on September 10, 2024  / /  Americas, Nature-based, RINs & LCFS, South & Central, Voluntary

A Brazilian oil company and agricultural research organisation have signed a cooperation agreement to develop technical studies on renewable raw materials for low-carbon products, including biofuels.

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PREVIEW: Traders expect discounted RGGI Q3 auction clear, compliance participation key

Published 03:52 on September 4, 2024  /  Last updated at 03:52 on September 4, 2024  / /  Americas, US

Traders favour the Q3 RGGI permit sale to clear at a discount to secondary market prices, with compliance demand a key factor determining the settlement.

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US DAC firm pauses development of Wyoming facility, decides to relocate to another state

Published 23:02 on September 1, 2024  /  Last updated at 01:04 on September 2, 2024  / /  Americas, US, Voluntary

A US direct air capture (DAC) firm has announced that it will pause its planned Wyoming facility and move its focus to another state in light of increased competition for renewable energy.

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International development bank opens call for proposals to design Argentina cap-and-trade system

Published 00:05 on September 1, 2024  /  Last updated at 00:05 on September 1, 2024  / /  Americas, Carbon Taxes, South & Central

An international development bank this week invited expressions of interest to provide consulting services for a project to design a cap-and-trade system for Argentina.

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