CWNYC25: BRIEFING – EU CBAM continues to risk ‘toxifying’ global climate agenda, despite driving carbon pricing expansion
The EU’s Carbon Border Adjustment Mechanism (CBAM) continues to pose a major risk to international climate negotiations, a conference heard Tuesday, as experts poured scepticism on Brazil’s push to establish a new global carbon pricing club ahead of COP30, calling it “a bridge too far”.
Read MoreCWNYC25: Carbon insurance firm to launch coverage for non-payment risk
A London-based carbon insurance provider is preparing to launch a new policy covering non-payment risk in the voluntary carbon market (VCM), a company representative announced Tuesday at Climate Week NYC.
Read MoreCFTC: Producers add CCA net length for third week in a row
Emitters added net length in California Carbon Allowances (CCAs) for the third consecutive week, while also building holdings in RGGI Allowances (RGAs), the latest data from the US Commodity Futures Trading Commission (CFTC) showed on Friday.
Read MoreBlue carbon credits are gaining traction, but integrity, financing hurdles persist -panellists
Blue carbon projects are beginning to gain ground in carbon markets, but financing shortfalls and questions about credit quality remain barriers to scale, panellists said during a webinar on Wednesday.
Read MoreUS business groups seek to block California climate disclosure laws pending appeal
The US Chamber of Commerce and allied business groups have asked the Ninth Circuit Court of Appeals to halt enforcement of California’s new climate disclosure laws, arguing the measures amount to unconstitutional compelled speech.
Read MoreCanadian CDR developer secures C$11 mln in financing for Alberta DAC facility
A Montreal-based carbon removal (CDR) developer has closed an C$11 million ($8 mln) credit facility with private lender to finance its flagship direct air capture (DAC) project in Alberta, the companies said on Tuesday.
Read MoreLATAM Roundup: Offsets take centre stage in climate strategies and targets
A number of developments for Latin America’s national climate policies and carbon markets occurred last week, with Brazil advancing Indigenous- and state-led REDD+ projects alongside proposals to enforce stricter emission reduction goals, while Mexico confirmed the timeline of the launch of its long-awaited ETS and highlighted the transport sector as central to its 2030 climate pledge.
Read MoreCFTC: Producers add the most net length to CCAs this year in futures and options market prices
Emitters added a record amount of net length across their California Carbon Allowance (CCA) holdings, while decreasing V25 RGGI Allowances (RGAs), and maintaining their Washington Carbon Allowances (WCA) in the futures and options market, according to data from the US Commodity Futures Trading Commission (CFTC).
Read MoreUS EPA moves to scrap GHG reporting scheme, citing $2.4 bln in savings
The US EPA on Friday proposed to end the federal Greenhouse Gas Reporting Program (GHGRP), saying the move would save businesses up to $2.4 billion in compliance costs.
Read MoreCanadian PM Carney unveils LNG and CCUS projects under review for fast-tracking
Canadian Prime Minister Mark Carney on Thursday unveiled the first set of projects to be reviewed for advancement by Canada’s new Major Projects Office (MPO), including LNG production and carbon capture, utilisation, and storage (CCUS) projects.
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