Carbon savings from clean tech “vastly outweigh” mining impact -study
The total carbon footprint of mining and refining critical raw materials (CRMs) is set to skyrocket 155% by 2035 if no action is taken to reduce environmental impact – but the carbon savings enabled by CRMs outweigh those emissions by a factor of 80, according to a new study.
Read MoreCalifornia regulators delay decision on profit cap for oil refiners
A California agency told media outlets it would be delaying a key decision on implementing the governor’s plan to cap oil refiners’ profits.
Read MoreWestern Canadian business groups file legal challenge against federal greenwashing law
Two Western Canadian business associations filed a lawsuit against the federal government claiming that a recent law designed to tackle greenwashing violated fundamental Canadian rights.
Read MoreIndustry veteran launches new Houston-based environmental brokerage, consulting firm
A financial markets veteran has started a new Houston-based brokerage and consulting firm specialising in environmental credit solutions.
Read MoreCanadian carbon markets at risk of oversupply -report
A think tank suggests that Canadian provinces’ large-emitter trading systems would require reform to prevent a credit oversupply which they say could undermine effectiveness of reducing industrial emissions via such market-based mechanisms, in a report published Monday.
Read MoreCalifornia scraps e-motorcycle sales target mandate
California regulator ARB last week shelved its plans to ramp up zero emission motorcycle (ZEM) use in the state by mandating sales targets and imposing stringent rules on internal combustion engine (ICE) counterparts.
Read MoreRGGI Market: “Overpriced” RGAs hold more than $1 above Q4 weak auction settlement
RGGI Allowances (RGA) in the secondary market reverted up from a heavily discounted permit sale mid-week for the closing quarter of 2024, with traders anticipating further downside and regulatory updates to inform year-end direction.
Read MoreUS appeals court sides with Kentucky in EPA case over ‘good neighbour’ rules
A US Circuit Court delivered a two-pronged win for Kentucky against the US EPA after ruling that the agency’s denial of the state’s pollution control plan violated federal law.
Read MoreGold Standard flags World Bank’s MIGA as its only recognised insurance policy for CORSIA credits
Gold Standard on Monday published new guidance on the approval process of its carbon credits for use under the first phase of the CORSIA global aviation offsetting scheme, stating that only projects insured via the World Bank’s Multilateral Investment Guarantee Agency (MIGA) will be deemed eligible.
Read MoreVCM Report: CORSIA carbon futures bounce after ICAO formally approves new standard bodies
Eligible futures for CORSIA Phase 1 bounced higher on Monday after a late Friday announcement from UN agency ICAO confirmed four new standard bodies have been formally granted eligibility to supply credits to the international aviation offsetting scheme.
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