Quebec eyes 77% renewable energy share by 2050 under C$87bln plan
Quebec aims to increase the share of renewables in its energy mix to nearly 77% by 2050, from around 48% currently, under a newly published long-term energy strategy.
Read MoreNew SBTi standard could triple voluntary carbon market demand even under minimum engagement, analysis says
The revised corporate net zero standard from the Science Based Targets initiative (SBTi) could substantially increase demand for voluntary carbon credits over the coming decade, though actual growth is likely to depend on whether companies raise internal carbon prices and voluntarily increase credit purchases ahead of 2035, according to new analysis.
Read MoreAirlines must set stronger climate goals as current voluntary targets fall short, experts say
Airlines need to set more stringent near-term emissions reduction pathways and provide greater transparency on their transition plans under the voluntary Science Based Targets initiative (SBTi) in order to close the sector’s emissions gap, according to an academic report.
Read MoreCalifornia-based WCI accounts rise 1.5% in Q2, surpass 830
Total California-registered accounts under the state’s Quebec-linked compliance carbon market increased 1.5% during Q2 to surpass 830, data showed.
Read MoreArticle 6 expert panel recommends two new methodologies for PACM crediting
Technical experts overseeing the Paris Agreement Crediting Mechanism (PACM) have recommended two draft methodologies for approval by the scheme’s Supervisory Body, while opening fresh consultations on key implementation tools.
Read MoreCarbon credits could help unlock billions for climate adaptation, study claims
Carbon credits have the potential to become a large source of finance for climate adaptation in emerging economies by attracting private investment into nature-based solutions such as mangrove restoration, wetlands rehabilitation, and agroforestry, according to a new academic study.
Read MoreANALYSIS: Market hopes new administration awakens giant dormant Colombia, key implementation questions loom
Colombia, a major player in voluntary and international environmental markets, is nearing the end of a presidential term that dealt the sector a major blow – but while the incoming president has raised hopes of a revival, questions remain over implementation.
Read MoreUPDATE – $6 mln offset project buyout collapses after purchaser said to miss closing payment
A planned $6 million buyout of a portfolio of offset projects has collapsed after the purchaser opted not to make the required closing payment by the contractual deadline, leaving the original agreement in place and setting the stage for potential legal action, according to a company announcement late Tuesday.
Read MoreDemocrats introduce bicameral bill to advance US clean shipping with $1 bln per year
Democrats in the US Senate and House of Representatives have reintroduced a legislative effort to fund advanced clean shipping technology and infrastructure.
Read MoreCalifornia gasoline consumption edges higher, diesel sales dip lower YoY in March
California gasoline sales picked up year-on-year (YoY) in March for the first time in multiple years, while diesel dropped by a larger percentage, recently published state data showed.
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