Embattled project developer C-Quest Capital files for Chapter 7 bankruptcy
Embattled carbon project developer C-Quest Capital and its affiliated entities this week filed for Chapter 7 bankruptcy in a Delaware court, citing financial distress and insufficient capital to sustain operations.
Read MoreApple faces class action lawsuit over use of “ineffective and redundant” carbon offsets
Tech giant Apple has been threatened with class action lawsuit in the US over allegations that it misled consumers by marketing its smartwatch as carbon neutral through the use of “ineffective and redundant” offsets.
Read MoreCanadian govt seeks CDR industry feedback as it prepares C$10 mln credit procurement programme
The Canadian government has launched a request for information (RFI) to assess industry interest and capacity in supplying CO2 removal (CDR) offset credits, as part of its strategy to achieve net zero emissions by 2050.
Read MoreAhead of German elections, government faces scrutiny over coal phaseout as EUA cancellations lag
Germany has been unable to cancel EU carbon allowances against its coal plant closures after the European Commission rejected the government’s calculation method, according to an official response from the German government to a parliamentary inquiry.
Read MoreMaking Kazakh emitters pay for their CO2 permits would boost ETS, report finds
Revising Kazakhstan’s emissions trading system (ETS) to make participants pay for a share of their allowances is necessary to create a fair market price for carbon, a report launched Monday has found.
Read MoreEuro Markets: EUAs chart 3% weekly loss on gas slump despite technical-driven recovery
European carbon prices rebounded on Friday back off technical support levels for a 2% daily gain, despite ongoing pressure from a bearish TTF gas market that saw EUAs succumb to a 3% weekly loss.
Read MoreOil major offloads North America’s largest carbon project developer to forestry offset investor
A Canadian-headquartered forestry investment firm has acquired North America’s largest carbon project developer, including the majority stake held by a European oil major.
Read MoreVoluntary carbon market ratings agency launches new quality, pricing indices, says 2024 was “turning point” for credit integrity
The year 2024 was a “turning point” for integrity in the voluntary carbon market (VCM) and the prices that high-quality credits command, according to a new set of quality and pricing indices launched by a ratings agency and backed by a carbon market intelligence firm.
Read MoreRepublican senators seek to block US CFTC oversight of voluntary carbon market
A US Republican senator has introduced a joint resolution under the Congressional Review Act (CRA) to overturn the Commodity Futures Trading Commission’s (CFTC) final guidance on the voluntary carbon market.
Read MoreBRIEFING: Could CORSIA be the next Trump target, and what would a US exit mean?
The US’ involvement in the UN’s CORSIA aviation offsetting scheme could soon be on the new Trump administration’s radar – if it’s not already – after the CEO of a major logistics firm said he expects the country to exit the programme. But what would that look like and how are other major countries likely to respond?
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