US carbon credit management firm secures first DAC credits for portfolio
A California-based carbon credit management firm is locking in a Canadian direct air capture (DAC) developer to supply the first DAC credits to its platform.
Read MoreHalting fossil fuel expansion in four countries could prevent billions of tonnes of CO2e, report finds
Some 32 billion tonnes of CO2e would be kept in the ground if just four countries abandon their oil and gas expansion plans for the next decade, according to an analysis published Monday.
Read MoreCFTC: Traders boost V25 CCA holdings in futures only market, build RGA shorts post auction
Both emitters and investors increased their V25 California Carbon Allowance (CCA) net length in the futures only market, contrasting with activity in the combined futures and options segment, while adding RGGI Allowance (RGA) short interest in the aftermath of the Q2 auction, US Commodity Trading Futures Commission (CFTC) data published Friday showed.
Read MoreWCI Markets: Extension delay talks barely dent CCA prices, WCAs frame higher following Q2 sale
California Carbon Allowance (CCA) prices dipped slightly over the week as state lawmakers proposed deferring cap-and-trade extension to a regular legislative process, while Washington Carbon Allowance (WCA) values rose in the aftermath of the Q2 auction that settled above futures on the secondary market.
Read MoreBritish Columbia’s new OBPS offers market opportunity, experts say
British Columbia’s shift from a flat carbon tax to a compliance market under its new Output-Based Pricing System (OBPS) presents opportunities for emitters managing their carbon obligations discussed market experts in a webinar Thursday.
Read MoreDATA DIVE: Where have C$1 billion in Alberta carbon market revenues gone?
Over C$1 billion ($731 million) in revenues from Alberta’s carbon pricing system have financed clean technology solutions across renewable energy, alternative fuels, and carbon management.
Read MoreCalifornia offset issuance drops to just over 7k, invalidation expiry soars
California regulator ARB issued just over 7,000 offset credits over the latest two-week stretch as the invalidation period of over 800,000 units expired, according to state data released Wednesday.
Read MoreBritish Columbia releases draft offset protocol for refrigerant emissions
The Canadian province of British Columbia (BC) proposed new rules to regulate how GHG reductions from refrigeration and air-conditioning systems can generate carbon offset credits, according to a draft protocol released on Tuesday.
Read MoreCarbon credit firm invests €3.7 mln to scale regenerative agriculture across Europe
A Vancouver-based carbon credit investor announced Tuesday it has committed €3.7 million to a Lithuanian climate finance firm under a royalty agreement to scale regenerative agriculture across 1 mln hectares of European farmland.
Read MoreCanada issues first federal offset credits to landfill gas project
Environment and Climate Change Canada (ECCC) completed Monday the first offset credit issuance under its federal system from a landfill methane project in Nova Scotia, eligible for both compliance and voluntary purposes.
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