South Carolina court dismisses Charleston ‘Big Oil’ climate lawsuit
A South Carolina court has dismissed the City of Charleston’s climate liability lawsuit against more than a dozen fossil fuel companies, ruling that the claims are precluded by the federal Constitution and preempted by federal law.
Read MoreUS federal government seeks dismissal of youth climate lawsuit over executive orders
The US Department of Justice (DOJ) asked a federal court this week to throw out a lawsuit brought by youth plaintiffs challenging three executive orders (EOs) by President Donald Trump, alleging that they worsen climate change and threaten their constitutional rights.
Read MoreIndian climate tech startup secures early funding for algae-based carbon capture solution
An India-based startup developing algae-powered carbon capture technology has secured pre-seed investment to support the scaling of its nature-based emissions removal systems aimed at improving urban air quality.
Read MoreIntegrity gaps persist in forest carbon credit programmes -study
A new study has found that definitions of high-integrity carbon (HIC) forest credits focus heavily on emissions accounting, while social safeguards for Indigenous and local communities (IP&LC) remain limited or inconsistently applied.
Read MoreUS firm secures $61.5 mln for carbon credit streaming, targets AFOLU projects in Central Asia and Congo Basin
A New York-based private capital and structured finance firm has secured $61.5 million in commitments for its Carbon Stream Financing Vehicle, aiming to scale Agriculture, Forestry, and Other Land Use (AFOLU) projects across Central Asia and the Congo Basin.
Read MoreCFTC: Producers shed V25 CCA, RGA holdings
Producers continued to reduce their net lengths across the California Carbon Allowances (CCAs) and the RGGI Allowance (RGAs), opting to close out long V25 positions in both markets, the latest figures from the US Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreWyoming lawmakers reject bid to repeal low-carbon energy standards, carbon capture requirements
Wyoming legislators have scrapped an effort to repeal the state’s low-carbon energy mandate, including a carbon capture requirement for coal plants, after a divided vote Tuesday in a joint committee.
Read MoreHigh costs, slow approvals delay supply of CCP-labelled nature carbon credits -panellists
High costs, unclear timelines, and slow methodology approvals are delaying nature-based solutions (NbS) project development despite rising demand for high-quality carbon credits, speakers said during a Thursday webinar of the Integrity Council for the Voluntary Carbon Market’s (ICVCM) Core Carbon Principle (CCP) label.
Read MoreChinese climate assistance to Caribbean totals billions, but lacks clear strategy -report
China has supported at least 139 climate-related projects in 13 Caribbean countries over the past decade, but its approach remains mostly ad hoc and loosely aligned with regional climate priorities, according to a report published Thursday.
Read MoreFlorida AG launches inquiry into climate disclosure bodies
Florida’s attorney general (AG) launched an investigation this week into two climate reporting organisations, examining whether their activities could breach state consumer protection or antitrust laws.
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