G20 task force elicits commitment by major economies to mobilise against climate change
A Brazilian G20 presidency task force concluded its eight-month engagement Thursday with a political statement by members to take advanced actions in economic and financial systems to address climate change.
Read MoreLess than 20% ARB bi-weekly issuance awarded to DEBs offsets, valued higher
California regulator ARB’s latest issuance of compliance-eligible offsets continues to trail 2023 levels year-to-date (YtD), with less than 20% of the two-week distribution with direct environmental benefits (DEBs) to the state, agency data released Wednesday showed.
Read MoreUS government must play a stronger role in regulating CDR -report
To prove the climate benefits of CO2 removal (CDR), one industry alliance asked for “critical” improvements to monitoring, reporting, and verification (MRV) within the US, outlining key recommendations for the federal government in a report published Wednesday.
Read MoreUS DOE invests $518 mln in CO2 storage projects
The US Department of Energy (DOE) will invest more than $518 million in projects that will advance commercial-scale deployment of long-term carbon storage, the agency announced Monday.
Read MoreUS sporting goods company seeks to offset shipping emissions, restore Oregon forests
A major athletics brand seeks to offset the emissions generated by shipment from its online purchases in the US through forestry-based carbon credits, targeting nearly 27,600 acres of forestland in Oregon.
Read MoreCalifornia refinery to close next year, citing ‘market dynamics’
An oil refinery in the Los Angeles area is set to shutter in Q4 2025, less than a week after California’s legislature approved controversial fuel supply minimums for in-state refiners, according to a company announcement on Wednesday.
Read MoreSCOTUS denies emergency stay of power plant emissions standards
The US Supreme Court issued a decision on Wednesday denying the applications of Republican states, power companies, and industry groups to stay federal laws restricting CO2 emissions from power plants.
Read MoreCleantech startup raises $5 mln for DAC in Kenya
A cleantech startup has raised $5 million to build a direct air capture (DAC) facility in the Great Rift Valley of Kenya, which is expected to launch in December.
Read MoreIRA funding expected to add $238 bln to US GDP in first 2 years -report
In the first two years since its implementation, the Inflation Reduction Act (IRA) is expected to add $237.5 billion to the US gross domestic product (GDP), an industry group modelled Tuesday.
Read MoreConservation group to launch US nature-based carbon credit auction in 2025
A national conservation group announced on Tuesday plans to hold its first auction for nature-based carbon credits in February 2025 – the first of its kind in the US, according to their statement.
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