LCFS Market: California prices recede as near-term demand wanes
California Low Carbon Fuel Standard (LCFS) credit prices fell back towards a year-low this week on thin demand, while more US fuel providers announced plans to build a renewable diesel (RD) plant that could supply the transportation sector programme.
Read MoreOffset developers, registries must bring higher-integrity protocols to market -report
Voluntary carbon market (VCM) participants and registries need to quickly scale-up high integrity offset protocols amid rising corporate demand, while also making tweaks to existing protocols to account for inadequacies, according to a white paper published Monday.
Read MoreCanada eyes CBAM consultation as budget sets out more stringent climate target
The Canadian government will soon launch a consultation process on a carbon border adjustment mechanism (CBAM), while it also looks to CCUS tax credits and other climate funding strategies to hit a more ambitious GHG reduction goal, according to the proposed federal budget published Monday.
Read MoreVCM Report: Nature-based offset trades rev up amid wider VER stagnation
Voluntary emissions reduction (VER) prices dithered this week evenas spot commodities exchange and market data firm Xpansiv announced the inaugural trades in its nature-based offset product, while a new report highlighted the expansion of voluntary carbon market (VCM) interest in forestry-based credits over the past five years.
Read MoreINTERVIEW: Carpetmaker Interface, a carbon-neutral pioneer, looks back on two decades of market evolution
After seeking to offset its emissions in the days before GHG protocols and carbon standards, US-based flooring manufacturer Interface is now receiving international acclaim for its work that has helped expand the voluntary emissions reductions (VER) market over the past 20 years.
Read MoreAnalysts cautious over US-China climate message, mood more upbeat in Japan
Analysts have welcomed the joint US-China statement on climate change released over the weekend but warned against lifting expectations too high, whereas the outlook in Japan is brighter after a bilateral announcement made on Friday.
Read MoreSouth Pole eyes acquisitions, expansion after Liechtenstein fund acquires 10% stake
Offset developer and consultancy South Pole is targeting rapid expansion this year after an impact fund owned by the Liechtenstein royal family acquired a 10% stake in the business.
Read MoreSpeculators set pandemic-era high for weekly California carbon build, as emitters slash holdings
Financial entities increased their California Carbon Allowance (CCA) position this week by the greatest amount since late 2019, while regulated entities maintained their recent trend by continuing to shed permits, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreOil companies structurally incapable of achieving net zero emissions, researchers say
Fossil-fuel companies, long accused of using carbon offsets to avoid instead of accelerating the transition to a low-carbon future, may be structurally incapable of making that transition, according to a peer-reviewed paper published Thursday.
Read MoreColombia proposes gradual incorporation of coal into national carbon tax
The Colombian Ministry of Finance and Public Credit (Minhacienda) on Thursday put forth a long-awaited plan to include coal in the scope of the country’s roughly $5/tonne CO2 tax, though the full cost of the carbon fee on the fuel will not be fully phased in until the end of the decade.
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