California-based company announces largest-ever investment in ocean-based CDR
An ocean-based carbon dioxide removal (CDR) company on Thursday said it has received the biggest investment in the technology on record, with a tech company having already committed to pay nearly $2,000 per tonne for the credits.
Read MoreUPDATE – Canada unaware of how climate regulations contributing to GHG reductions, govt watchdog says
The Canadian government does not know how its suite of climate policies have impacted GHG abatement, making it difficult to track progress towards its emissions targets, according to a watchdog report published Thursday.
Read MoreCanada’s oilsands province of Alberta outlines road to aspirational 2050 carbon neutrality
The province of Alberta released on Wednesday its aspirational plan to reduce emissions and become a carbon neutral economy, and will consider the reduction of oilsands emissions limits, methane emissions abatement from the oil and gas sector, a framework for offsets, and emissions trading and market linkage with other provinces and jurisdictions.
Read MoreLCFS Market: California prices notch 6-mth high as entities seen frontrunning programme changes
California Low Carbon Fuel Standard (LCFS) credit values marched to a six-month high this week, as traders attributed the weeks-long bull run to companies buying in anticipation of forthcoming regulatory changes to the transportation sector programme.
Read MoreE-commerce firm says CDR technologies suffering from lack of funding, corporate buyers
A commerce platform heavily involved in engineered carbon dioxide removal (CDR) agreements said few new corporate buyers have emerged to provide the necessary financing to help scale up nascent technologies, according to a recent report.
Read MoreWashington to trigger reserve allowance sale during Q2 carbon auction -analyst
The Washington state cap-and-trade programme will see the May auction settlement exceed at least one of the scheme’s reserve tier prices as 2023 compliance and hedging demand exceeds supply, with permit values heading to the ceiling in the not-too-distant future, an analysis firm said Monday.
Read MoreIndigenous rights group files formal complaint over huge Guyana REDD+ issuance
An activist group for Indigenous peoples has lodged a grievance with a jurisdictional REDD+ standards body over claims that the Guyanese government did not receive consent from communities to distribute tens of millions of avoided deforestation carbon offsets.
Read MoreBlockchain carbon firm acquires Austrian climate neutrality company
A blockchain carbon offsetting platform on Thursday announced it will begin offering subscription-based credits to customers after acquiring a Vienna-based clean tech company.
Read MoreCalifornia retires nearly 300,000 offsets from forest buffer pool due to lapsed reporting
California regulator ARB retired nearly 300,000 credits from the offset buffer pool after a forest project violated reporting requirements under the WCI-linked cap-and-trade regulation, while another project must submit additional compliance instruments after an intentional reversal took place, state data showed Wednesday.
Read MoreLCFS Market: Oregon credit prices rise towards 2-year high, California financial length increases further
Oregon Clean Fuels Program (OCFP) credit values lifted to a two-year high this week as traders pointed to tighter carbon intensity (CI) targets and the influence of Washington state’s new cap-and-trade system, while California Low Carbon Fuel Standard (LCFS) prices continued climbing as data showed speculators are building additional length in the futures market.
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