Co-benefits yielding higher forestry VER prices, but difficulties abound in quantifying extra costs
Voluntary carbon offset prices from forestry projects largely attracted higher values in recent years when paired with co-benefits beyond GHG sequestration, though it is uncertain if these premium values are covering the elevated costs of carrying out such sustainable development efforts, a webinar heard Thursday.
Read MoreOregon Clean Fuels Program ekes out Q4 credit surplus as diesel alternatives boom
The Oregon Clean Fuels Program (OCFP) recorded its lone quarterly credit surplus of 2022 over the October-December period as low-carbon diesel alternatives outweighed greater deficits from fossil fuels, government data showed Tuesday.
Read MoreLCFS Market: California prices head towards $90 following data release, while major refiner heard selling
California Low Carbon Fuel Standard (LCFS) prices this week shrugged off another large quarterly credit generation figure to approach an eight-month high, even as traders reported one of the largest refiners under the programme was heard selling units.
Read MoreLong-time carbon trader leaves Canadian bank for US-based fund
A Toronto-based trader has parted ways with one of Canada’s largest financial institutions after spending more than a decade transacting products in European and North American compliance and voluntary carbon markets, Carbon Pulse has learned.
Read MoreBlockchain-based carbon platform partners with GHG accounting firm
A blockchain carbon offsetting firm on Wednesday announced a partnership with a carbon accounting firm to provide comprehensive end-to-end solutions to clients.
Read MoreMassachusetts GWSA carbon market Q1 emissions plunge to 3-yr low
Power generators regulated by Massachusetts’ Global Warming Solutions Act (GWSA) cap-and-trade saw their CO2 output drop to the lowest since 2020 over the January-March period, according to data updated Tuesday.
Read MoreRGGI allowance surplus falls in 2022, while Q1 emissions set for steeper decline
The Northeast and Mid-Atlantic US RGGI power sector cap-and-trade system saw its permit glut decline in 2022 in tandem with the programme’s bank adjustment, according to a report published Tuesday, while updated data showed year-on-year CO2 output slid even further in Q1.
Read MoreRGGI Q1 CO2 output sinks over 10% as mild weather, coal retirements weigh
CO2 emissions in the 11-state RGGI cap-and-trade system were primed to have fallen by more than 10% during the first three months of the year even with several big-emitting power generators having yet to report their output, according to data published Monday.
Read MoreBrazilian NGO publishes CO2 measurement platform for forest projects
A Brazilian non-governmental organisation on Friday launched a new platform that extends its existing CO2 measurement system to forest restoration projects.
Read MoreRGGI states urged to align CO2 budgets with state climate goals, amend reserve price mechanisms
The ongoing third RGGI programme review should result in significantly tighter annual allowance budgets to reflect ambitious climate targets from member states, and also overhaul the prices and design of the power sector carbon market’s two reserve mechanisms, green groups and business organisations said in public comments published Thursday.
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