BRIEFING: Canadian carbon market players pressure PM Carney for policy stability, provincial collaboration
Canada’s newly-elected Prime Minister Mark Carney faces pressure from carbon market participants to stabilise climate policy amid recent turbulence, a conference heard Wednesday.
Read MoreGuyana readjusts carbon credit SOP to stabilise finance flows to Indigenous peoples
Guyana will for a second consecutive year tweak the share of proceeds (SOP) from carbon credits that is allocated to Amerindian communities, keeping absolute financial benefits the same, the vice president announced at an Indigenous national assembly on Tuesday.
Read MoreRGGI’s allowance surplus bank declines over 11% YoY in 2024 -report
RGGI permits held in excess of compliance requirements declined 11.4% year-on-year in 2024, according to an annual market analysis.
Read MoreAlberta TIER opt-ins could exit programme absent Canada’s carbon tax -market expert
Entities emitting about one-tenth of Alberta’s industrial emissions risk falling outside the scope of being regulated for their CO2 output following removal of Canada’s consumer-facing carbon tax, an expert said during a conference Wednesday.
Read MoreBezos Earth Fund awards $1.2 mln in first round of AI climate, biodiversity innovation grants
The Bezos Earth Fund on Tuesday unveiled the recipients of 24 inaugural Phase I grants under its AI Grand Challenge for Climate and Nature, awarding a total of $1.2 million to support the development of artificial intelligence solutions targeting some of the world’s most urgent environmental challenges.
Read MoreGlobal verification body releases new GHG certification for chemical industry
A validation and verification body unveiled a new third-party certification programme for measuring GHG intensity levels and reduction levels of chemical materials, according to a Wednesday announcement.
Read MoreCalifornia records lowest diesel consumption for February in 24 years
California diesel sales in February plunged to the lowest monthly consumption going back to Feb. 2001 – the earliest records of state data, according to a report published Tuesday.
Read MoreIntegrity body urged to further standardise permanence approaches
The Integrity Council for the Voluntary Carbon Market (ICVCM) has released its first report from the Continuous Improvement Work Programme (CIWP) focused on permanence, which welcomed the strong foundation of approaches to have been implemented across the market to date, but recognised that many of these have not been standardised.
Read MoreMicrosoft to buy 1.24 mln carbon removal credits in “world’s largest” biochar deal
Microsoft has signed the “world’s largest” biochar carbon removals deal with a South American project developer, agreeing to buy 1.24 million credits over the next decade.
Read MoreUS tariffs having minimal effect on EUA prices, says analyst
The impact of US tariffs on EUA prices has been minimal, according to an analyst on a webinar on Wednesday, who sees benchmark European carbon permit price rises in 2026 driven by decreases in free allocations and tighter auction volumes.
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