US IRA will fund $2 billion in climate justice grants
Community-driven programmes to install low- and zero-emission technologies, reduce GHG output, and improve climate resiliency are eligible for $2 billion in grants from the Inflation Reduction Act (IRA), the US EPA announced Tuesday.
Read MoreCanada’s $14.6 billion CCUS and clean tech legislation doesn’t close gap with US IRA -experts
Both a proponent and an opponent of carbon capture utilisation and sequestration (CCUS) agree that the US Inflation Reduction Act (IRA) will out-incetivise funding for Canadian technology, despite the expected C$20 billion ($14.6 bln) legislation on Tuesday enshrining a CCUS tax credit first announced in 2021.
Read MorePREVIEW: Imminent Brazil ETS vote faces several unresolved issues ahead of COP28
Brazil’s lower house of Congress will hold a crucial vote on a national Emissions Trading System (ETS) legislation this month amid negotiations over the programme’s managing body, sectoral inclusion, and tax reform, two experts told Carbon Pulse.
Read MoreUS airline offers SAF and offset credits to passengers
A US airline announced a partnership with with a Software-as-a-Service (SaaS) firm offering customers the option to purchase credits against flight emissions, in a press release on Friday.
Read MoreVerra wants REDD developers to review provisional baseline validity periods
A list of 46 countries and their provisional baseline validity periods for Avoiding Unplanned Deforestation (AUD) projects was published by standards body Verra accompanying a Request for Proposals (RFP), and the organisation wants REDD developers to review the new timeframes.
Read MoreUS chemical carbon conversion company raises $5 million
A Washington-based company reducing the carbon intensity of feed, fibers, fuel, and fertiliser by converting recycled CO2 has received $5 million in seed funding from four investors, it announced on Thursday.
Read MoreBase Carbon explains $1.7 million loss, outlines road ahead
Toronto-headquartered carbon project developer Base Carbon explained on a Wednesday investor call why it lost $1.7 million in Q3, outlined when the company would become profitable, and detailed its new project in India.
Read MoreBrazilian state accredits 14 more entities as REDD+ project developers
Accredited REDD+ developers in an Amazonian Brazilian state have more than doubled after the jurisdiction’s Secretariat for the Environment (SEMA) confirmed that an additional 14 entities were awarded the title of executing agents.
Read MoreProducers and speculators trade positions on CCA and RGGI vintages, pick up WCAs
Compliance entities in both California Carbon Allowance (CCA) and RGGI Allowance (RGA) markets moved their positions to this year’s vintage as speculators did the opposite, while both groups added to their Washington Carbon Allowance (WCA) net length, US Commodity Futures Trading Commission (CFTC) data showed Monday.
Read MoreOil major-owned project developer denies deceiving Indigenous people into signing carbon credit contracts
An offset project developer part-owned by a major oil company has denied allegations by a Brazilian investigative news outlet that Indigenous people in the Amazon were deceived into signing carbon credit contracts.
Read More