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US soil carbon startup doubles programme size

Published 23:29 on August 5, 2022  /  Last updated at 16:43 on August 6, 2022  /  Americas, Nature-based, US, Voluntary Market  /  No Comments

A US soil carbon startup is expanding to allow more farmers to earn payments for sequestering greenhouse gases.

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Speculators scoop up V23 CCAs, producers reduce record length

Published 22:51 on August 5, 2022  /  Last updated at 15:29 on August 6, 2022  /  Americas, Canada, US  /  No Comments

Financial participants increased their California Carbon Allowance (CCA) futures-only holdings but reduced their combined futures and options holdings in the latest reporting period, while compliance entities offloaded allowances, according to US Commodity Futures Trading Commission (CFTC) data.

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LCFS Market: California LCFS prices consolidate amidst near-term challenges

Published 21:51 on August 5, 2022  /  Last updated at 15:36 on August 6, 2022  /  Americas, RINs & LCFS, US  /  No Comments

Faced with a plethora of negative catalysts, California’s Low Carbon Fuel Standard (LCFS) credit prices appeared to consolidate as they approached early June lows this week, while some buyers remain.

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Senator key to passing US climate bill backs Biden

Published 17:39 on August 5, 2022  /  Last updated at 18:52 on August 6, 2022  /  Americas, Carbon Taxes, Paris Article 6, US  /  No Comments

US Senator Kyrsten Sinema (D) is considered the final piece to the puzzle of passing a sweeping climate change, healthcare, and tax reform bill called the Inflation Reduction Act (IRA), and she’s signed on to vote in favour.

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ANALYSIS: Energy, industrial, and aviation firms tend to pay below-average for carbon credits

Published 14:47 on August 5, 2022  /  Last updated at 15:38 on August 5, 2022  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, US, Voluntary Market  /  No Comments

Companies active in the energy, heavy industry, and aviation sectors tend to pay below-average for their carbon offsets, according to retirement data collated by a climate analytics firm, while car manufacturers and tech firms have historically purchased credits at a higher price than most others.

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China suspends US climate talks after Pelosi Taiwan visit

Published 13:26 on August 5, 2022  /  Last updated at 18:35 on August 6, 2022  /  Americas, Asia Pacific, China, Climate Talks, International, US  /  No Comments

China on Friday said it would cancel or suspend a number of bilateral processes with the US in response to Speaker of the House Nancy Pelosi’s visit to Taiwan this week, including the two nations’ cooperation on climate change issues.

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California’s 100-year forest offset reserve set aside for wildfires exhausted in less than a decade, research finds

Published 11:14 on August 5, 2022  /  Last updated at 18:25 on August 6, 2022  /  Americas, Canada, US  /  No Comments

Wildfires in the US have depleted at least 95% of California’s forest offset buffer pool in just one decade, a reserve mechanism used by the state’s forest carbon offsets programme, which is designed to protect against the risk of damage to forests from natural disasters for a period of 100 years, research has found.

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Canada rebuffs Koch in cap-and-trade legal dispute

Published 07:13 on August 5, 2022  /  Last updated at 07:24 on August 5, 2022  /  Americas, Canada, Carbon Taxes, US  /  No Comments

The Canadian federal government has argued the carbon allowances Koch Industries purchased in the shuttered Ontario cap-and-trade system aren’t protected investments under the North American Free Trade Agreement (NAFTA), legal documents released Tuesday revealed, marking the latest development in a years long dispute.

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NA Markets: CCAs surge while RGAs stagnate in legal quagmire

Published 00:00 on August 5, 2022  /  Last updated at 07:49 on August 5, 2022  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices climbed on purchases believed to be generated from funds along with an uptick in broader market sentiment, while RGGI Allowances (RGAs) were relatively flat this week, as Pennsylvania’s future in the 11-state cap-and-trade programme remains mired in uncertainty.

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Green group sues Virginia over release of AG opinion on RGGI withdrawal

Published 23:43 on August 4, 2022  /  Last updated at 23:43 on August 4, 2022  /  Americas, US  /  No Comments

A green group has sued Virginia’s government to force it to release a document that the environmental organisation says contains an opinion from the state’s attorney general’s office indicating that Gov. Glenn Youngkin (R) cannot withdraw Virginia from RGGI.

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