US DOE awards $18.6 mln to three projects aiming to decarbonise industrial practices
The US DOE announced on Friday the launch of three projects totalling $18.6 million in funding under the Inflation Reduction Act (IRA) that will align best practices to reduce emissions in hard-to-abate industrial sectors.
Read MoreRepealing US clean energy tax credits would save $852 bln in next decade -report
A Republican-led Congress is likely to revisit the Inflation Reduction Act (IRA) as part of broad tax reform, as the cost of the 22 clean energy tax credits almost doubles with EPA’s new emission rules, according to analysis from a conservative US think-tank.
Read MoreUS House Republican proposes air pollution permitting bill
The new House Energy and Commerce subcommittee chair introduced a bill on Friday targeting changes to the Clean Air Act (CAA) that could reduce permitting barriers for industrial operations.
Read MoreCFTC: Producers increase net length across CCA, RGA to wrap up 2024
Producers built their net length for both California Carbon Allowance (CCA) and RGGI Allowance (RGA) holdings at the end of 2024, while managed money closed out V24 RGA short positions, data released Monday from the US Commodity Futures Trading Commission (CFTC) showed.
Read MoreCanadian PM Trudeau resigns amid carbon policy disputes, US tariff threats
Prime Minister Justin Trudeau announced on Monday his resignation from leading the Liberal Party of Canada, kicking off a process through which he will be replaced as prime minister, citing internal party battles and the need for a new leader ahead of an upcoming election.
Read MoreAccounting standards board proposes unified US rules for carbon offsets, credits
The Financial Accounting Standards Board (FASB) launched a 90-day public comment process for proposed updates to its unified accounting standards for environmental credits, including carbon offsets.
Read MoreCalifornia’s voluntary carbon market disclosures compliance kicks in
As of Jan. 1, companies operating within California must disclose their voluntary carbon market participation and net-zero emissions claims online based on state law.
Read MoreUS companies announce agreement on underground carbon storage in Alabama
Two US companies announced on Monday an underground pore space easement agreement for approximately 140,000 acres (56,700 hectares) in Alabama to support carbon storage initiatives.
Read MoreColorado toughens midstream GHG restrictions
Colorado regulators added further restrictions on natural gas facilities while keeping an eye on how that would impact the development of a carbon credit trading system.
Read MoreCalifornia diesel sales rise YoY in September, gasoline use continues to fall
California diesel consumption in September inched up year-over-year (YoY), rising for the fifth month this year, while gasoline volumes continued their long-standing YoY, state data published Monday showed.
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