PREVIEW: Brazil’s Amazon oil auction sparks debate over credibility ahead of COP30
Brazil is set to auction 172 oil and gas exploration blocks on Tuesday, including 68 in the Amazon region, triggering internal tensions between the country’s energy and environment ministries and raising questions over its energy transition credentials less than five months before it hosts the UN’s COP30 summit.
Read MoreMost nations’ emissions pledges fall short of ‘fair shares’ under Paris goals -analysis
Most countries’ national climate targets are inconsistent with what would be considered their fair share of global emissions cuts needed to meet the Paris Agreement’s temperature goals, according to a new study.
Read MoreWashington proposes SAF, book-and-claim changes to Clean Fuel Standard
Washington regulators released draft changes on Monday to the state’s Clean Fuel Standard (WCFS) programme, supporting the expansion of the production of sustainable aviation fuel (SAF) in the state.
Read MoreSwiss Re flags extreme heat, fungi, and plastics as rising environmental risks for insurers
Climate change is accelerating a wave of emerging risks that threaten to reshape the insurance industry, Swiss Re said in its latest SONAR report published last week, highlighting rising claims exposure from extreme heat, resilient fungi, and environmental litigation tied to plastics.
Read MoreRising RIN prices could spark SAF production increase -analysis
Rising prices for credits generated under the US EPA’s Renewable Fuel Standard (RFS) reached their highest peak in the last two years last month, which could spark production increases for sustainable aviation fuel (SAF) across the US, according to a recent market analysis.
Read MoreOregon pauses enforcement of ZEV rules following Trump repeal of California’s EV mandate
Oregon regulators announced on Friday a one-year pause from pursuing enforcement of proposed clean car rules in the state based on uncertainty from the federal level.
Read MoreMassachusetts June GWSA auctions reach historic levels
Massachusetts’ power sector Global Warming Solutions Act (GWSA) auction last week for current vintages cleared at its highest level in over two years, while advanced vintages settled at a record price, according to results published Monday.
Read MoreResearchers advocate multi-pollutant cap-and-trade model
A multi-pollutant permit model offers a more “holistic approach” to air quality management for policymakers and incentivises decarbonisation, according to a new brief published Monday.
Read MoreRGGI Market: RGAs grind nearly 5% higher as summer season arrives
RGGI Allowance (RGA) prices rose just under 5% last week amid anticipation of stronger demand driven by summer weather forecasts as well as tight supply, traders said.
Read MoreFEATURE: EU should look to Canada’s carbon pricing struggles for lessons in how to ease ETS2 launch
The rise and fall of Canada’s carbon charge and rebate to households provides lessons learned for EU policymakers in advance of a similar carbon market for heating and transport fuels, policy experts tell Carbon Pulse.
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