IRA to supercharge US electricity sector emissions reductions, agency report says
Investments in clean electricity and other climate solutions funded by the US government’s Inflation Reduction Act (IRA) will spur greater CO2 emissions reductions from the power sector and across the economy, found an EPA report released Tuesday.
Read MoreFinancial services company makes first fully automated sale of carbon credits
A new blockchain-based platform from a Chicago-headquartered financial firm has completed processing its first fully automated transaction of carbon credits, according to a press release on Monday.
Read MoreEmitters build, financial participants erode CCA and RGA net length
Compliance entities boosted their net length in the California Carbon Allowance (CCA) and RGGI Allowance (RGA) markets over the past week, while speculators pared back their holdings in both North American programmes, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreDeep well injection company announces $8 mln fundraise to launch carbon removal and storage provider
A Texas-based industrial waste management company on Thursday launched a standalone biomass carbon removal and storage company that seeks to generate credits for $200 less than other permanent sequestration technologies.
Read MoreHarmonisation needed in legal treatment of carbon credits, experts say
Confusion on how to understand the legal nature and classification of carbon credits highlights the need for global harmonisation in the international marketplace, said a panel of lawyers at a webinar on Wednesday.
Read MoreCanadian voluntary carbon credit firm takes steps to secure balance sheet amid losses
A Toronto-based carbon credit financier has significantly cut executive headcount, subleased office space, and taken further steps to reduce general and administrative expenses and save millions annually, it announced Tuesday.
Read MoreEmitters rescind, speculators build CCA net length following Q3 auction results publication
Compliance entities saw their CCA net length fall this week after the August WCI auction results were published and amid the September contract expiry, while financial players moved in the opposite direction, according to US Commodity Futures Trading Commission data published Friday.
Read MoreGlobal carbon markets provide lessons for controlling industrial sector leakage under New York cap-and-invest scheme, experts say
Numerous approaches from international carbon markets exist for tackling leakage and competitiveness concerns from energy-intensive, trade-exposed industries (EITEs) subject to New York state’s forthcoming programme, a webinar heard Thursday.
Read MoreUS lawmakers introduce bill to promote small forest landowner participation in carbon markets
A bipartisan pair of US Congresspersons have introduced a bill to provide up to $150 million to help family and small-scale forest owners overcome barriers to developing carbon projects.
Read MoreVerra incorporates carbon credit labelling, global initiative alignment in latest VCS programme update
Standards body Verra on Tuesday announced updates to its VCS programme such as labels for carbon credits featuring removals and alignment with Article 6 of the Paris Agreement, as well as to further align it with several international programmes and quality initiatives.
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