Carbon management firm to sell Canadian biochar credits, as ArcelorMittal invests in biocarbon company
A Germany-based carbon credit intermediary will sell credits from Canada’s first industrial-scale biochar facility on the voluntary market, while steelmaker ArcelorMittal announced plans to purchase biocarbon from another plans in the country.
Read MorePolicymakers significantly undercounting CO2 emissions from global wood harvesting, researchers say
Scientific papers and public policies are not typically counting the substantial contribution of wood harvesting to global carbon emissions, with GHG output set to take off even further through 2050 as timber demand grows, researchers said Wednesday.
Read MoreRGGI Market: RGA prices ease as spread trades dominate
RGGI Allowance prices softened this week amid heavy spread trading and as a major exchange-traded fund drew down RGGI holdings, though some participants noted the market was still holding up well.
Read MoreCompliance entities add CCAs and slash RGA holdings, while speculators stay quiet
Emitters trimmed their net short position in California Carbon Allowances (CCAs) while depleting their RGGI Allowance (RGA) net length this week, as financial entities did not alter their holdings to a significant degree, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreCalifornia cap-and-trade account backlog continues building in Q2
The number of entity accounts pending approval to participate in California’s WCI-linked cap-and-trade system continued to balloon during the second quarter, according to Carbon Pulse analysis of government data published Friday, as more speculators sought physical exposure to the market.
Read MoreUS Carbon Markets and LCFS Roundup for week ending June 30, 2023
A summary of legislative, regulatory, and policy action on carbon, clean fuel standard, and clean energy markets at the US federal and subnational levels this week, including a Maryland climate plan that features an economy-wide cap-and-invest programme, and a California Senate committee advancing two carbon credit related bills.
Read MoreWashington Q3 current vintage carbon auction volume remains identical to May sale, but features consigned allowances
Washington state will offer an identical number of current vintage allowances at the August auction compared with the Q2 sale, according to a notice published Friday, with some of the volume stemming from consigned permits under the cap-and-trade programme.
Read MoreRFS Market: RIN prices lift to pre-rulemaking highs amid smaller surplus bank revelation
US biofuel credit (RIN) values lurched higher in recent days to match levels before the EPA’s publication of final multi-year Renewable Fuel Standard (RFS) quotas, as market participants pointed to increased refiner buying and a tighter surplus bank.
Read MoreVoluntary carbon firm proposes ‘blended tonne’ combining nature and tech-based removal credits
A US-based soil carbon project developer has put forth an idea for a new removal credit that combines immediately available nature-based tonnes with engineered technologies that will sequester CO2 at a later point.
Read MoreCalifornia offset issuances rebound towards 2022 levels through H1, as CCO-0 total jumps
California Carbon Offset distributions increased over the past two weeks to climb closer towards 2022 levels at the halfway point of the year, as millions of credits lost their invalidation risk recently, according to government data published Wednesday.
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