Brazil’s Amazonas seeks REDD+ applications from conservation units, Tocantins sets timeline for certifying jurisdictional credits
Brazil’s Amazonas state has called on public conservation units to submit applications to create carbon credits from avoided deforestation projects, while Tocantins state formalised its previously-announced deal with commodity trader Mercuria to certify hundreds of millions of jurisdictional REDD+ units.
Read MoreXpansiv introduces tradable certificate for voluntary LCFS programme
ESG marketplace Xpansiv on Tuesday launched a renewable fuel certificate that ethanol producers can generate under a new voluntary low-carbon fuel standard (LCFS) programme modelled after California’s scheme.
Read MoreCarbon mineralisation firm attracts $3.3 mln for pilot injection site
A New York-based startup has netted $3.3 mln to demonstrate the company’s carbon mineralisation technology in Africa, having already pre-sold credits to a removals buyers’ club.
Read MoreBio-oil project developer collects $100 mln to accelerate carbon removal deliveries
A California-based startup on Tuesday announced a $100 mln fundraise that it will utilise to speed up deliveries of carbon removals from bio-oil sequestration.
Read MoreVirginia regulatory official recommends lower cost for reinstated Dominion RGGI Rider
The Virginia State Corporation Commission (SCC) should adjust down the total cost for a Dominion Energy subsidiary to purchase tens of millions of RGGI Allowances (RGAs) before the jurisdiction leaves the power sector carbon market at year-end, a hearing examiner wrote last week.
Read MoreRFS Market: RINs sink to 1-yr lows as traders await final biofuel quotas
US biofuel credit (RIN) values sagged to levels not seen in over a year on Monday as traders pointed to the impending finalisation of multi-year Renewable Fuel Standard (RFS) quotas and a continued influx of renewable diesel (RD) production.
Read MoreCalifornia cap-and-trade review bill falters, anti-greenwashing and climate disclosure proposals move forward
A bill designed to inform California’s forthcoming review of its WCI-linked cap-and-trade regulation was held on Thursday, while a suite of voluntary carbon offset and climate disclosure bills in the Golden State sailed through their first floor votes this week.
Read MoreExxonMobil to bury 800k tonnes of CO2/yr from US steel producer
Oil major ExxonMobil on Thursday announced a carbon capture and storage (CCS) deal to bury 800,000 tonnes of CO2e annually from a US steelmaker.
Read MoreCompanies that use carbon credits twice as successful at GHG abatement -report
Corporations that are “material” users of carbon credits have slashed their emissions twice as fast as companies that have not made such purchases, a research firm said in a report published Thursday.
Read MoreLCFS Market: California prices inch down before PG&E sale, as financials halt net length build
California Low Carbon Fuel Standard (LCFS) prices dipped slightly this week after utility Pacific Gas & Electric (PG&E) announced its largest credit auction yet, while federal data showed financial players made a rare cut in their futures market net length.
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