French insurance subsidiary buys $49 mln stake in Brazilian reforestation projects
The alternative investment arm of a French insurance firm is committing $49 million to Amazon rainforest reforestation projects that aim to restore Brazilian lands degraded from agriculture.
Read MoreExperts sound the alarm on avoided emissions in California LCFS
A panel of experts told California regulator ARB’s Environmental Justice Advisory Committee (EJAC) meeting on Monday that avoided emissions from dairy digesters were being overcounted, overcompensated, and are offered perverse incentives under the state’s Low Carbon Fuel Standard (LCFS).
Read MoreUS orphan oil well sealing programme launched by Canadian carbon credit investor
A Canadian carbon credit investor has begun its orphaned oil and gas well sealing endeavour using an American Carbon Registry (ACR) methodology, with a partner organisation plugging dozens of wells in the US as part of the project, the company announced on Monday.
Read MoreNext court date set for Alberta offset verifier facing 25 criminal charges under climate regulations
An Alberta compliance offset verifier will soon have its next day in court for allegedly providing false or misleading environmental information and acting as a third-party assurance body without proper qualifications, a first for the Canadian judicial system.
Read MoreWashington state lawmaker regrets 10% compliance purchase limit in carbon market auctions, hopes to change rule
A Washington lawmaker on Thursday said New York should not emulate the Evergreen State’s 10% allowance purchase limit for compliance entities at cap-and-trade auctions, noting he hopes to revisit the rule in the next legislative session.
Read MoreBrazil ETS legislation will pass Congress before COP30, govt official says
Brazil’s national cap-and-trade legislation will pass Congress by the time the country hosts the COP30 UN climate summit in 2025, a government official said Wednesday.
Read MoreCalifornia dishes out compliance offsets to mine methane projects, while Quebec issuances resume
California Carbon Offset distributions fell significantly the past two weeks but remained close to 2022 levels, while Quebec also handed out credits eligible for its cap-and-trade programme, according to government data published Wednesday.
Read MoreLawsuits against Virginia RGGI repeal can begin later this month
Legal attempts to block Virginia’s planned exit from the RGGI cap-and-trade system may be filed on the same day that Governor Glenn Youngkin’s (R) repeal regulation will be published in the state registrar, an environmental lawyer told Carbon Pulse on Tuesday.
Read MoreRGGI states decrease allowance volume for Q3 sale
Auction volumes offered at RGGI’s Q3 auction will decrease slightly after last quarter’s uptick, the power sector cap-and-trade scheme’s notice showed Tuesday.
Read MoreRGGI Market: RGA prices stall despite hot weather, Virginia repeal advancing
RGGI Allowance prices flatlined this week on the lowest volume recorded in years amid the US Independence Day stretch, even as a heat wave engulfed the region and Virginia readied its hotly-contested regulatory withdrawal from the bloc for publication this month.
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