BRIEFING: Political turmoil, US tax incentives threaten Canada’s CFR

Published 00:10 on January 17, 2025  /  Last updated at 00:10 on January 17, 2025  / /  Americas, Canada, Carbon Taxes, RINs & LCFS, US

The ongoing political transition in Canada and federal biofuels tax credits in the US could jeopardise Canadian clean fuel programmes, panellists at a conference said Thursday.

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BRIEFING: LCFS changes, harmonisation between programmes top US biofuel industry wish list -panellists

Published 23:32 on January 16, 2025  /  Last updated at 23:32 on January 16, 2025  / /  Americas, RINs & LCFS, US

Looking at the year ahead, the biofuels industry will be balancing programmes across different states and federal jurisdictions, with new sustainability guardrails in California’s Low Carbon Fuel Standard (LCFS), panellists said at a technical conference in California.

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US DOE awards $6 mln towards methane emission reduction technology

Published 22:16 on January 16, 2025  /  Last updated at 22:16 on January 16, 2025  / /  Americas, US

Two energy industry companies have been awarded nearly $6 million from the US DOE to scale up technology aimed at reducing methane emissions.

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US DOE churns near $14 mln funding for products from chemical, refinery CO2 emissions

Published 21:31 on January 16, 2025  /  Last updated at 21:31 on January 16, 2025  / /  Americas, US, Voluntary

The US DOE announced $13.7 million in available federal funding on Thursday to advance CO2 conversion from chemicals production and petroleum refining into usable products, adding to a string of awards since the start of the year.

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Environmental group drops lawsuit over $1 bln DOE loan to California nuclear plant

Published 18:55 on January 16, 2025  /  Last updated at 18:55 on January 16, 2025  / /  Americas, US

An environmental group suing the US DOE over a $1 billion loan to a nuclear plant voluntarily dropped the case Wednesday, saying that recent legislation by the state of California rendered the case moot.

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Inaugural $500-mln bond for climate action hugely oversubscribed

Published 16:31 on January 16, 2025  /  Last updated at 16:34 on January 16, 2025  / /  Africa, Americas, Asia Pacific, EMEA, International, Middle East, US

An inaugural bond for climate action has raised $500 million from largely EMEA-based investors in a round that was over six times oversubscribed.

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FEATURE: As US investors quit climate alliances, attention turns to shareholders

Published 15:37 on January 16, 2025  /  Last updated at 15:37 on January 16, 2025  / /  Americas, Climate Talks, EMEA, International, US, Voluntary

US financial institutions say they will stick with their climate commitments despite quitting international net-zero alliances — but the loss of oversight and transparency provided by the alliances puts more pressure on policymakers and shareholders to ensure that promises are fulfilled.

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IUCN releases guidance to strengthen global OECM network

Published 13:12 on January 16, 2025  /  Last updated at 13:12 on January 16, 2025  / /  Americas, Asia Pacific, Biodiversity, EMEA

The International Union for Conservation of Nature (IUCN) has released guidance to identify, monitor, and strengthen Other Effective area-based Conservation Measures (OECMs), stressing the need to ramp up private financing in order to improve their management.

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UPDATE – Liberal leadership hopeful Freeland pledges to scrap Canada’s carbon tax -media

Published 12:51 on January 16, 2025  /  Last updated at 23:56 on January 16, 2025  /  Americas, Canada, Carbon Taxes

Chrystia Freeland, Canada’s former finance minister, is expected to pledge to scrap the country’s contentious carbon tax when she announces her candidacy for federal Liberal Party leader, according to local media.

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Asset manager cross-lists ETC tracking cap-and-trade carbon allowances

Published 12:35 on January 16, 2025  /  Last updated at 13:39 on January 16, 2025  / /  Americas, EMEA, EU ETS, International, UK ETS, US

A US asset management firm has launched a carbon exchange-traded commodity (ETC) on the London Stock Exchange that offers broad coverage of cap-and-trade carbon allowances.

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