JP Morgan acquires US forestland valued at $500 mln as part of carbon management initiative
JP Morgan Asset Management on Wednesday announced that one of its wholly owned subsidiaries has acquired US forestland valued at $500 million, which the company will utilise in part for sequestering CO2 emissions.
Read MoreNew York governor includes cap-and-trade rebate fund in budget, as details emerge on programme timeline
New York Governor Kathy Hochul’s (D) budget presented Wednesday included a rebate fund for the state’s forthcoming economy-wide cap-and-invest programme, as the Department of Environmental Conservation (DEC) recently provided a timeline for when the administration could present draft regulations and begin holding auctions.
Read MoreCalifornia LCFS market concentration dwindles in Q3 as credit generation hits record
The largest California Low Carbon Fuel Standard (LCFS) players saw their market concentration shrink over the past six months even though their total holdings increased, as all-time high credit generation was more spread out among registered entities, government data suggested this week.
Read MoreVER developer receives US govt funding to expand sustainable agriculture practices
A US-based voluntary carbon offset project developer on Tuesday announced it has gained federal funding to scale up sustainable agricultural practices for fruit and nut growers.
Read MoreWashington state to issue decision on WCI carbon market linkage this summer
Washington state will make a decision this summer on whether to join its new cap-and-invest programme with the California-Quebec system under WCI, with any potential linkage happening in 2025 at the earliest, the Department of Ecology (ECY) said Tuesday.
Read MoreANALYSIS: Will New York’s cap-and-invest programme revive TCI-P or go west?
New York’s economy-wide carbon market under development is poised to eventually link with other states, but whether that happens with California, Washington, or a revived Transportation and Climate Initiative Program (TCI-P) remains unclear, experts told Carbon Pulse.
Read MoreNova Scotia carbon market emissions rebound above cap in 2021 on fuel sector strength
GHG output under the Nova Scotia cap-and-trade programme exceeded the scheme’s allowance budget in 2021, as an increase in fuel emissions offset abatement in the power sector, according to government data published Monday.
Read MoreAlaska governor unveils bill to create forest offset programme, targets 2025 start
Alaska Governor Mike Dunleavy (R) on Friday introduced a bill package to promote and manage the state’s participation in nature-based offset markets and carbon capture, utilisation, and storage (CCUS) projects, with voluntary credit generation potentially starting in the next several years and totalling several million tonnes over the next decade.
Read MoreSouth Pole pausing offset sales from flagship REDD+ project amid baseline revalidation, media scrutiny
Carbon credit developer and intermediary South Pole will not immediately sell recent-vintage offsets from a major African REDD+ project as the firm reassesses the initiative’s emissions baseline, the company said Friday after an investigative report argued the undertaking over-credited tens of millions of voluntary emissions reductions throughout the past decade.
Read MoreUS Carbon Markets and LCFS Roundup for week ending January 27, 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 100% zero-carbon power bill in Minnesota.
Read More