Swiss climate venture launches “biggest biochar project in Mexico”
A Switzerland-based climate solutions investor announced the launch of a biochar company to generate carbon dioxide removal (CDR) credits from an industrial-scale biochar facility in Mexico, according to a press release on Tuesday.
Read MoreMajor questions doctrine threatens US EPA proposal to regulate power plant emissions, opponents claim
The US EPA plan for power plants to cut CO2 output through technologies like hydrogen or carbon capture runs afoul of a US Supreme Court decision last year, a Republican congressperson and industry lawyer argued during a Congressional hearing on Tuesday.
Read MoreAnalysts predict Q2 RGGI auction will clear below secondary market, CCAs and WCAs to remain stable
The Q2 RGGI auction this week will come in below the secondary market despite expectations of a declining permit surplus and warmer weather, as California Carbon Allowance (CCAs) and Washington Carbon Allowances (WCAs) will experience longer-term price growth but near-term stability, according to a recent analyst report.
Read MoreFinancial players shore up length across North American carbon markets, producers shed CCAs, RGGI
Speculators extended net holdings across North American carbon markets this week, while producers shed significant length across California Carbon Allowances (CCAs) and RGGI Allowances (RGAs), data from the US Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreWCI Markets: CCAs meander despite bullish workshop expectations, WCAs steady into Q2 auction
California Carbon Allowance (CCA) prices plateaued this week despite a forthcoming cap-and-trade rulemaking webinar and relatively strong WCI Q2 auction result, while the lull in activity ahead of Wednesday’s Washington Carbon Allowance (WCA) auction was briefly interrupted by a small trade.
Read MoreBrazilian bank accepting carbon credits as payment in property auction
A Brazilian financial services firm is is auctioning off rural properties across six states and is accepting carbon credits as payment for the land as part of a promotional exercise to encourage the use of offsets, the company announced Monday.
Read MorePREVIEW: Washington Q2 carbon auction expected to clear above Tier 1 reserve price
Traders expect the second ever Washington Carbon Allowance (WCA) sale on Wednesday will trigger Tier 1 of the Allowance Price Containment Reserve (APCR) and make additional permit volume available, after the secondary market slammed on the brakes halfway through this month.
Read MoreFirst DEBs-tagged California Carbon Offset futures trade at premium to other credits
The first futures contract for California Carbon Offsets (CCOs) with direct environmental benefits to the state (DEBs) and no invalidation risk changed hands on Nodal Exchange Friday morning, according to a press release from product developer IncubEx, coming in at the steepest price point yet for WCI-eligible credits.
Read MoreWCI Q2 current vintage auction clears at highest point in a year
The Q2 California-Quebec current vintage carbon auction settled at its highest point since Q2 2022, nearly matching secondary market levels, according to government data published Thursday.
Read MoreANALYSIS: US EPA has legal ground for emissions trading pathway in power plant CO2 regulations
US President Joe Biden’s EPA has a strong legal basis for allowing states to implement emissions trading schemes such as RGGI and WCI to comply with its proposed emissions limits on fossil fuel-fired electricity generators, while technology forcing should also stand up to court scrutiny, experts told Carbon Pulse.
Read More