US climate tech startup to offer carbon removal credits as $30 mln fundraise closes
A California-headquartered climate tech firm on Thursday announced it has completed its $30 mln Series A fundraise, and will use the money to market its mineralisation-based carbon removal units.
Read MoreJudge sets trial dates for Washington power producer’s cap-and-trade lawsuit
A US federal judge this week set a trial date for a natural gas-fired power generator’s legal challenge to Washington cap-and-trade regulation, while both the electricity generator and state government requested earlier oral arguments on a motion to dismiss the case.
Read MoreCalifornia lawmakers advance legislation to strengthen 2030 GHG target, mull carbon market reforms
A California Senate committee on Wednesday endorsed legislation to ratchet up the ambition of the state’s 2030 climate target, but lawmakers are also mulling the future incorporation of measures into the bill that would strengthen the programme’s WCI-linked cap-and-trade system and address environmental policy shortcomings in the Scoping Plan.
Read MoreBritish Columbia to consider credit trading as part of provincial oil and gas emissions cap
British Columbia will implement a cap on oil and gas emissions to ensure the province hits its GHG reduction target for the sector, and will also consider how credit trading may work under the system, the Canadian province announced Tuesday.
Read MoreWITHDRAWN – Soil carbon credit platform receives $16 mln from French hedge fund
**This story has been withdrawn after multiple companies alleged Carbonomy was using another firm’s digital identity, and falsely claiming it had received $16 mln in funding from an investment firm.**
Read MoreCORRECTION: RGGI Market: RGAs recover after touching 6-mth low in wake of US bank collapse, weak auction
RGGI Allowance (RGA) values held steady over the majority of the week and immediately after member states published the March auction result, but briefly collapsed to near six-month lows on Monday as traders went risk-off following the recent collapse of two US-based financial institutions.
Read MoreOnslaught of California offset to LCFS applications persists with New York project
A New York-based livestock offset project is seeking to transition from generating California Carbon Offsets (CCOs) to renewable natural gas under the Low Carbon Fuel Standard (LCFS), according to documents posted Friday, marking the fourth application published this month and continuing a years-long trend.
Read MoreUS Carbon Markets and LCFS Roundup for week ending Mar. 10, 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 the reintroduction of a RGGI-blocking bill in Pennsylvania and clean fuel standard proposal in Minnesota, along with movement on carbon offset bills in Washington and West Virginia.
Read MoreClimate Action Reserve publishes carbon credit forecast methodology for avoiding US megafires
Offset registry Climate Action Reserve (CAR) on Wednesday released its methodology to issue credits for future emissions reductions that will occur through activities that prevent wildfires erupting across the American West.
Read MoreUPDATE – LCFS Market: California credits withstand voluminous PG&E auction, as more CCO projects seeks fuel pathways
California Low Carbon Fuel Standard (LCFS) prices ticked up this week despite utility Pacific Gas & Electric holding a massive auction, while more dairy digesters applied to generate credits under the transportation sector programme instead of the compliance offset market.
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