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Offset standard Verra releases biochar methodology

Published 22:38 on August 16, 2022  /  Last updated at 22:38 on August 16, 2022  /  Americas, International, Nature-based, US, Voluntary Market  /  No Comments

Offset standards body Verra published its VCS methodology for biochar Tuesday, outlining how emissions removals will be calculated using the increasingly popular carbon credit technique.

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PREVIEW: Q3 WCI auction pits California climate proposal against weaker financial interest

Published 22:33 on August 16, 2022  /  Last updated at 22:39 on August 16, 2022  /  Americas, Canada, US  /  No Comments

Traders have identified a roughly $2 range as to where the August WCI current vintage allowance auction will likely settle on Wednesday, with bullish market sentiment stemming from California Governor Gavin Newsom’s (D) ambitious climate plan running up against lighter speculator participation and a recent secondary market price leap.

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UPDATE – ICE settles 2026 to 2030 vintage future for nature credits above $24

Published 20:10 on August 16, 2022  /  Last updated at 19:29 on August 17, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Hedging emissions with vintage 2026 to 2030 nature-based offsets will cost more than $24 a tonne on exchange ICE, which launched ten new voluntary carbon market (VCM) futures this week.

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Verra-approved dynamic baseline forestry methodology aims to deflate hot air criticism

Published 19:00 on August 16, 2022  /  Last updated at 19:06 on August 16, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, UK ETS, US, Voluntary Market  /  No Comments

Thousands of owners of small forestry plots in the US could be enrolled into carbon markets with the launch of a dynamic baseline methodology for calculating emissions that could be later rolled out to more than 100 countries globally, and help end the criticism of hot air, its proponents claim.

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California governor offers plan to extend life of Diablo Canyon nuclear plant

Published 20:11 on August 15, 2022  /  Last updated at 22:30 on August 15, 2022  /  Americas, Canada, US  /  No Comments

California Governor Gavin Newsom (D) circulated draft legislation on Friday to offer utility Pacific Gas & Electric (PG&E) a loan to preserve the Diablo Canyon Power Plant for another decade, as separate bill languages come together to raise the state’s 2030 GHG reduction target.

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VCM Report: Nature-based curve stretches out amid demand for new vintages

Published 19:04 on August 15, 2022  /  Last updated at 19:04 on August 15, 2022  /  Africa, Americas, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

VERs were steady for prompt and nearby offset prices this week, maintaining the uptick seen at the end of the previous week, while later dated vintages for nature-based credits climbed higher.

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Canada-based offset developer signs up with registry for South American projects

Published 17:52 on August 15, 2022  /  Last updated at 17:52 on August 15, 2022  /  Americas, Canada, International, Nature-based, South & Central, Voluntary Market  /  No Comments

An offset project developer and carbon credit vendor has opened an account with a registry with the aim of building out several tree planting and sustainable charcoal projects in South America.

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RGGI, Inc. to block Pennsylvania’s Q3 auction volumes next week unless injunction lifted

Published 23:44 on August 12, 2022  /  Last updated at 23:44 on August 12, 2022  /  Americas, US  /  No Comments

Market administrator RGGI. Inc will reject the nearly 16 million Pennsylvania-owned allowances from next month’s RGGI auction unless a court-ordered injunction against the programme is temporarily lifted, the state’s Department of Environmental Protection (DEP) said Friday.

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Speculators build, emitters trim CCA positions as prices jump

Published 23:27 on August 12, 2022  /  Last updated at 23:27 on August 12, 2022  /  Americas, Canada, US  /  No Comments

Financial players added to their California Carbon Allowance (CCA) holdings this week ahead of the Q3 WCI auction next week, while regulated entities pared back their positions as prices increased on the secondary market, according to US Commodity Futures Trading Commission (CFTC) data.

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US Congress passes largest-ever climate bill after 1.5-year slog

Published 22:46 on August 12, 2022  /  Last updated at 19:48 on August 13, 2022  /  Americas, US  /  No Comments

The US House of Representatives on Friday approved Democrats’ $430 billion climate change, healthcare, and tax bill, marking the largest-ever climate bill to pass through the US Congress despite several provisions designed to prop up the fossil fuel industry.

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