BRIEFING: Canadian carbon market players pressure PM Carney for policy stability, provincial collaboration

Published 01:37 on May 22, 2025  /  Last updated at 01:37 on May 22, 2025  / /  Americas, Canada, Carbon Taxes

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.

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Guyana readjusts carbon credit SOP to stabilise finance flows to Indigenous peoples

Published 00:28 on May 22, 2025  /  Last updated at 00:28 on May 22, 2025  / /  Americas, Nature-based, South & Central, Voluntary

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.

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RGGI’s allowance surplus bank declines over 11% YoY in 2024 -report

Published 00:17 on May 22, 2025  /  Last updated at 00:17 on May 22, 2025  / /  Americas, US

RGGI permits held in excess of compliance requirements declined 11.4% year-on-year in 2024, according to an annual market analysis.

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Alberta TIER opt-ins could exit programme absent Canada’s carbon tax -market expert

Published 00:04 on May 22, 2025  /  Last updated at 00:04 on May 22, 2025  / /  Americas, Canada, Carbon Taxes

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.

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Bezos Earth Fund awards $1.2 mln in first round of AI climate, biodiversity innovation grants

Published 23:53 on May 21, 2025  /  Last updated at 23:53 on May 21, 2025  /  Americas, Asia Pacific, Biodiversity, EMEA, Nature-based, Switzerland, US, Voluntary

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.

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Global verification body releases new GHG certification for chemical industry

Published 23:22 on May 21, 2025  /  Last updated at 23:22 on May 21, 2025  / /  Americas, US

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.

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California records lowest diesel consumption for February in 24 years

Published 21:47 on May 21, 2025  /  Last updated at 21:47 on May 21, 2025  / /  Americas, US

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.

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Integrity body urged to further standardise permanence approaches

Published 18:06 on May 21, 2025  /  Last updated at 18:06 on May 21, 2025  / /  Americas, Asia Pacific, EMEA, International, Nature-based, Voluntary

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.

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Microsoft to buy 1.24 mln carbon removal credits in “world’s largest” biochar deal

Published 17:45 on May 21, 2025  /  Last updated at 23:41 on May 20, 2025  / /  Americas, Nature-based, South & Central, US, Voluntary

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.

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US tariffs having minimal effect on EUA prices, says analyst

Published 17:24 on May 21, 2025  /  Last updated at 17:24 on May 21, 2025  / /  Americas, EMEA, EU ETS, US

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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