Experts disagree over whether IRA could drive down California LCFS prices
It is uncertain whether the clean fuel tax credits provided by the US Inflation Reduction Act (IRA) will exacerbate the decline in credit values under the California Low Carbon Fuel Standard (LCFS), a conference heard Tuesday.
Read MoreVerra announces new consultations, research programmes to prepare for scaled-up voluntary carbon market
Standards body Verra on Sunday announced a suite of planned initiatives to position itself as an impactful leader in a scaled-up voluntary carbon market.
Read MoreProducers and speculators trade positions on CCA vintages, RGGI length
Compliance entities moved their positions on the California Carbon Allowance (CCA) market to the current year while selling off RGGI Allowances (RGAs) , while speculators rolled their CCA positions to next year and picked up RGAs over the past week, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreWCI Markets: CCAs reach new record high settlements in thin trade, WCAs inch up on stronger volumes
California Carbon Allowance (CCA) and Washington Carbon Allowance (WCA) prices both increased this week despite volume going in opposite directions, while traders said regulatory drivers in the former market and heightened permit demand in the latter were behind the gains.
Read MoreCalifornia legislature weakens, but passes climate risk disclosure and anti-greenwashing bills
Bills to mandate climate-related financial risk disclosure and prevent voluntary carbon offset greenwashing on Tuesday passed both houses of the California General Assembly, as the two pieces of legislation were amended to have slightly weaker enforcement capabilities before the final votes.
Read MoreAmendments to Brazil ETS legislation seek VCM integration, energy transition crediting
Brazilian senators over the past week proposed eight amendments to Brazil’s emissions trading system legislation to integrate the voluntary carbon market (VCM) and set offset usage limits, give credits to firms for transitioning to renewable energy sources, and narrow down the list of regulated sectors.
Read MoreVerra deactivates 10 carbon credit methodologies, reviewing others
Carbon credit standards body Verra is eliminating the use of 10 VCS methodologies, including a deforestation and low-flow water project type, due to lack of use in the past five years, and is instituting a review of all their methodologies every five years.
Read MoreBrazilian bank expects to generate 60 mln carbon credits over 30 years
A major Brazilian financial services company announced on Thursday it expects its current suite of carbon projects to produce 60 million credits over the next three decades, not counting future investments in the sector.
Read MoreClimate tech firm raises $11 mln for direct air capture technology it says reduces costs
A new direct air capture (DAC) advancement which negates the needs for energy intensive fans is being touted by a climate tech firm that claims to have significantly reduced the cost of operation.
Read MoreANALYSIS: Alberta’s TIER regime faces pressure to tighten emissions benchmarks from federal programmes, CCUS
Alberta may need to strengthen its large emitter system to avoid running afoul of the Canadian CO2 pricing benchmark, as the impact of federal climate policies and carbon capture projects on the province may eliminate significant demand drive down credit prices, experts and market participants told Carbon Pulse.
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