Minneapolis introduces $5/tonne carbon fee after scaling back controversial, much costlier plan
Minneapolis Mayor Jacob Frey this week signed into law a new carbon fee on large emitters set at $5 per tonne of CO2, replacing an much larger, legally disputed levy passed by the city council last year.
Read MoreBolivia submits new NDC with 2035 targets, embraces Article 6 carbon markets
The Bolivian government has submitted its third Nationally Determined Contribution (NDC), pledging sweeping climate targets across its forest, energy, agriculture, waste, and water sectors while signalling that participation in Article 6 carbon markets will be key to mobilising the finance needed to deliver them.
Read MoreNew tokenised asset brings California Carbon Allowances onto blockchain
A decentralised infrastructure technology firm has teamed up with US-based asset manager to launch a new blockchain-based token backed by California Carbon Allowances (CCAs).
Read MoreEU carbon prices break from fossil fuel trends in latest trading phase -study
EU carbon prices have largely decoupled from fossil fuel markets in the ETS’s current trading phase, with new research demonstrating that traditional energy fundamentals such as coal, gas, and oil no longer explain allowance price movements.
Read MoreUS CDR platform brings in new CEO to strengthen links between suppliers, buyers
A US-based carbon removals platform has appointed as its new CEO an industry expert who the company hopes will build “a stronger bridge” between projects and corporate buyers.
Read MoreCanadian carbon tax doomed by Trudeau’s “half-hearted” support, “stupid” policy reversal -McKenna
Former Canadian Environment Minister Catherine McKenna has sharply criticised the Trudeau government’s communication and political handling of its consumer carbon pricing policy in her forthcoming autobiography Run Like A Girl.
Read MoreSwitzerland eyeing its own ETS2 to target transport, heating emissions
The Swiss Federal Council is planning to introduce a new emissions trading system covering the building heating and transport sectors from 2031, mirroring a similar EU-wide plan, as part of Switzerland’s strategy to cut emissions by at least 75% by 2040.
Read MoreDRC draft forest policy targets carbon market growth, governance reforms
The Democratic Republic of Congo (DRC) has published its first ever draft national forest policy, setting out sweeping reforms to reconcile conservation and economic development in the world’s second largest tropical rainforest, while new technical guidelines on satellite monitoring and forest carbon inventory quality aim to underpin market credibility.
Read MoreCalifornia lawmakers reach carbon market extension deal, futures surge
A last-minute deal has been reached between lawmakers to extend California’s cap-and-trade programme beyond 2030, causing allowances prices to surge by more than 5% on Wednesday.
Read MoreAviation industry group raises CORSIA forecast, placing Phase 1 credit demand as high as 236 mln
An association representing air transport operators has ramped up its carbon credit demand outlook for the Phase 1 (2024-26) of the CORSIA international aviation emissions offsetting scheme, with the updated forecast placing expected requirements at between 146 mln and 236 mln over the three-year period.
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