California non-profits file legal challenge against LCFS amendments
Environmental and public interest non-profits filed a legal petition last week challenging recent amendments to California’s Low Carbon Fuel Standard (LCFS), alleging the changes exceed California regulator ARB’s legal authority and fail to comply with key statutory requirements.
Read MoreCFTC: Producers trim net length in CCAs, investors widen net short in RGGI
The opening of short positions swept over North American carbon markets, as managed money added more short positions in the RGGI Allowance (RGA) market while producers did the same in the California Carbon Allowance (CCA) markets, the latest figures from the Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreUS SEC will not reconsider climate disclosure rules, urges court to proceed with case
The US Securities and Exchange Commission (SEC) has told a federal appeals court it does not plan to revisit its contested climate disclosure rules, asking for pending legal challenges to proceed.
Read MoreCalifornia offset issuances reach 1 mln threshold
California regulator ARB issued over 1 million credits over the last two weeks, a 520% increase over the previous period, state data released Wednesday showed.
Read MoreBrazil’s Rio Vermelho sub-basin lost 3.6 mln tonnes of carbon amid agricultural expansion -study
Newly published research of Brazil’s Rio Vermelho Sub-basin (SBHRV) found that two decades of agricultural expansion led to widespread land use change, deforestation, and a decline in carbon stock of roughly 3.6 million tonnes.
Read MoreUS forest carbon project developer closes $210 mln financing deal
A New York-based forest carbon project developer has closed a project finance facility worth up to $210 million to support an afforestation project in the voluntary carbon market (VCM), in what the company said is the first financing of its kind in the sector.
Read MoreAI-enhanced mapping finds CDR research vastly underestimated -study
The body of scientific literature on carbon removal (CDR) is up to four times larger than previously estimated, according to a new study.
Read MoreTrump administration backs oil companies, seeks dismissal of Maryland climate lawsuits
The Trump administration this week urged Maryland’s highest court to reject climate change-related lawsuits filed by local governments, arguing that the claims are preempted by federal law and raise constitutional concerns.
Read MoreIndiana approves final rules for CO2 sequestration projects
The Indiana Natural Resources Commission (NRC) granted final approval on Tuesday to a set of permanent rules regulating CO2 sequestration and transmission infrastructure in the state.
Read MoreNew Brunswick industrial emitters miss climate target for third straight year
New Brunswick’s largest industrial facilities exceeded their collective GHG emissions limit in 2023, marking the third consecutive year of non-compliance under the province’s Output-Based Pricing System (OBPS), according to newly released government data.
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