Oregon offset project that failed to report wildfire carbon loss compliant for now, California’s ARB says
A forest offset project owned by Indigenous tribes in Oregon has not publicly disclosed unintentional reversals in carbon stock from a large wildfire in 2020, but California regulator ARB maintains the operation has not broken any rules under the state’s cap-and-trade regulation.
Read MoreNova Scotia to hold at least two more cap-and-trade auctions beyond programme’s January phase out
Nova Scotia announced this week that it will hold two carbon auctions to cover 2022 emissions and one reserve auction, even as the Canadian Maritime province transitioned to an output-based pricing system (OBPS) at the start of the year.
Read MoreUS EPA details new climate regulations for this spring, as agency eyes private sector involvement
The US EPA announced on Wednesday that it will publish a suite of new emissions reduction regulations in the coming months, while federal agencies are relying on the private sector to help decarbonise the electric grid.
Read MoreExchange operator ICE launches first US carbon-neutral electricity futures index
Data and market infrastructure provider ICE is launching a first-of-its-kind futures index for carbon-neutral power in the US that will include the California Carbon Allowance (CCA) and RGGI Allowance (RGA) markets.
Read MoreQuebec boosts free carbon allowance allocation for 2023, revises up 2021 total
Quebec’s initial free allowance distribution for 2023 increased from the previous year, while data showed the province’s environmental ministry handed out more permits for 2021 emissions than it previously disclosed.
Read MoreCanadian investment firm joins with former MP to launch carbon credit venture
A Canadian carbon credit investment firm announced on Monday a joint venture with a former Conservative MP from Alberta, aiming to generate technology-based offsets in partnership with municipalities and the federal government.
Read MoreANALYSIS: Brazil poised to pass bill enforcing regulated carbon market
The Brazilian Congress is likely to pass a proposal to launch a national carbon trading programme covering the compliance and voluntary market, endorsed by newly-inaugurated President Lula da Silva, experts told Carbon Pulse.
Read MoreClimeworks delivers first DAC removal tonnes to tech firms
Swiss firm Climeworks on Thursday announced it has distributed its first carbon removal tonnes from its direct air capture plus storage (DAC+S) facility in Iceland to three North American tech giants, with one of the companies having previously pledged to pay a steep price for the credits.
Read MoreUS GHG emissions slowly increase in 2022 on less coal, more natural gas in power sector
US GDP growth outpaced GHG emissions in 2022 for the first time since 2019, as electricity generation was less reliant on coal than renewables but natural gas still took the biggest share, according to a report released Tuesday.
Read MoreRGGI Market: RGA prices dive 7% on warm weather, programme uncertainty
RGA prices took a sizable step back to start the new year, amid continued uncertainty on the scheme’s programme review and as unseasonably warmer weather permeated the Northeastern and Mid-Atlantic US states.
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