California power sector emissions remain depressed through July
California electricity sector CO2 output continued to hold at 10-year lows through July as the share of renewables and hydroelectricity increased and imports fell compared to 2022 levels, according to data published Tuesday.
Read MoreConservation organisations file legal challenge against Virginia RGGI programme repeal
A group of Virginia environmental and faith organisations on Monday lodged a petition for appeal to block Governor Glenn Youngkin (R) from severing Virginia’s RGGI-linked carbon market, arguing the administration does not have the constitutional authority nor has presented supporting evidence to do so.
Read MoreCAR says proposed China adipic acid offset protocol can overcome past environmental integrity concerns
Offset standard Climate Action Reserve (CAR) on Friday published its draft China adipic acid production protocol, arguing new design measures can safeguard against integrity concerns that resulted in the EU ETS forbidding the use of such carbon credits a decade ago.
Read MoreCalifornia non-CO2 power supply reaches all-time peak in 2022
The absolute share of renewable and non-GHG electricity supply in California rose to a record high last year on the back of more solar power, while unspecified power imports hit a four-year peak, according to state data published Friday.
Read MoreBrazil’s Acre state aiming to sell 100 mln jurisdictional REDD+ credits -report
The Brazilian state of Acre is currently negotiating the sale of 100 million tonnes of avoided deforestation carbon credits from the Amazon jurisdiction’s longstanding REDD+ programme, local media reported this week.
Read MoreCarbon accounting platform forges Nasdaq tie-up ahead of US climate disclosure rules
A UK-based company on Thursday announced it has partnered with US stock exchange Nasdaq to provide carbon accounting services to firms ahead of the anticipated launch of the Biden administration’s final climate disclosure rules.
Read MoreUNDP launches open-source registry to help manage carbon credit trade
The United Nations Development Programme (UNDP) on Thursday announced new open-source software to allow countries to manage national data and trade in carbon credits, bucking the existing trend of monolithic and siloed systems.
Read MoreTPG Rise Climate obtains majority stake in refrigerant carbon credit developer A-Gas
Investor TPG Rise Climate on Thursday announced it has acquired a majority stake in UK-headquartered refrigerant capture company A-Gas, allowing it to gain a stronger footing in the US carbon offset market.
Read MoreMexico’s Colima state announces CO2 tax, as Tamaulipas prepares to reinstate its carbon levy
The small Mexican state of Colima is working on quickly rolling out a carbon tax, while the Tamaulipas government is planning to soon reinstate its own CO2 levy that will have stronger legal backing, a conference heard Tuesday.
Read MoreMexico ETS compliance phase delayed into 2024
The Mexican cap-and-trade system will not begin its operational phase until some time next year due to the complex process of establishing final regulations, a government official said Monday.
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