Compliance entities, speculators swap North American carbon positions on V23 and V24 allowances
Regulated parties entered the third week of growing their V23 California Carbon Allowance (CCA) and RGGI Allowance (RGA) holdings while reducing V24 net length, as financial players continued to build V24 net positions, US Commodity Futures Trading Commission (CFTC) data showed Friday.
Read MoreCalifornia compliance offset project owner suing original developer over intentional reversal of credits
The owner of a California-registered forest offset project is suing the original landowner for over $1 million for allegedly overstating the carbon sequestration capacity of the project, causing the new holder to need to purchase more credits to compensate for an intentional reversal.
Read MoreUS govt clarifies rules for $35 mln CDR credit purchase, discloses price goal
The US Department of Energy (DOE) on Tuesday clarified submission guidelines for its forthcoming purchase of $35 million worth of carbon removals, as the government revealed what it is aiming to pay in price per tonne.
Read MoreSeven Brazilian states sign regional carbon market agreement
A treaty promising to plant 100 million native trees across southern and southeastern Brazil and create a self-regulatory carbon market, potentially with sectoral emissions limits, was signed by seven states at an annual meeting in Sao Paulo on Saturday.
Read MoreUS CO2 pipeline delay won’t risk carbon removal venture’s 2025 goal, official says
A major US carbon storage pipeline is facing a multi-year delay after several Great Plains states denied permits to the project, but the forward purchasing goal of a CO2 removal buyers’ club won’t get threatened by the postponement, a senior official told Carbon Pulse.
Read MoreCanada’s carbon contracts for difference should shun oil companies and CCUS, green groups say
A carbon contracts for difference (CCfD) programme under consideration by the Canadian government should avoid undermining the country’s CO2 price, including by cutting out the oil industry and carbon capture projects, numerous green groups and academics said in a letter this week.
Read MoreCanada’s Newfoundland and Labrador province offering millions of dollars for CCUS research
The Atlantic Canadian Province of Newfoundland and Labrador on Tuesday announced a carbon capture utilisation and storage (CCUS) innovation contest to help decarbonise its oil sector, where the government will fund studies that examine how the technology could work in its unique geography.
Read MoreANALYSIS: Responsibility for Canada’s wildfire emissions depends on who you ask
Record-setting wildfires in Canada this year have released significant volumes of CO2 into the atmosphere, but experts gave Carbon Pulse different opinions as to whether the country should alter its existing emissions reporting practices to account for this.
Read MoreUS unveils plans for seven clean hydrogen hubs to receive $7 bln
US President Joe Biden on Friday announced his administration would fund seven regional clean hydrogen hubs using $7 billion from the Bipartisan Infrastructure Law to create a national market.
Read MoreCarbon credit insurance company to pay claims with replacement offsets
A UK-based carbon credit insurer on Thursday announced its clients can now get paid out in replacement offsets, after the company amassed four partners to build a pool of units with which to settle claims.
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