California compliance offset issuance retreats, though exceeds 2022 levels through Q3
California took a slower pace in the issuance of compliance offsets over the last two weeks, including of those tagged with direct environmental benefits (DEBs), although it continues to distribute credits faster than last year, data from state regulator ARB published Wednesday showed.
Read MoreRFS Market: RIN prices nosedive to 19-mth low as bearish fundamentals weigh
Renewable Fuel Standard (RFS) credit values fell into the double digits this week as traders said strong biomass-based diesel production and financial players selling was exacerbating a months-long drop in the price of RINs.
Read MoreBrazil Senate delays ETS bill vote to consider agriculture sector amendments
A Brazil Senate committee on Wednesday for the third time delayed a vote on cap-and-trade legislation, which in the most recent instance will involve discussing proposed amendments from the country’s agribusiness lobby.
Read MoreCalifornia power emissions continue to recede through August
California electricity sector CO2 output maintained its 10-year decline through August, as the share of renewables and hydroelectricity continued to climb while imports decreased compared to 2022 levels, according to data published Wednesday.
Read MoreANALYSIS: Major US agtech company still bullish on voluntary carbon market, while other ecosystem players demonstrate caution
Amidst sentiments of distrust in nature-based solutions and a stuttering voluntary carbon market (VCM), a once-billion-dollar-valued agtech company remains confident in its plan to scale up soil carbon offset generation, while others in the sector forecast more conservative economics.
Read MoreAmmonia trade set to scale up to support green hydrogen exports
Ammonia is likely to become a favoured method of transporting hydrogen, and export and import capacity to move it around will grow exponentially in coming decades, according to a report released Wednesday.
Read MoreRGGI Market: Programme review meeting propels RGAs to all-time high above Cost Containment Reserve trigger
RGGI Allowance (RGA) prices vaulted above the 2023 Cost Containment Reserve (CCR) trigger price on Tuesday afternoon and set a new all-time high in the process, following officials from the power sector cap-and-trade programme discussing the finer points of recent modelling to tighten the scheme.
Read MoreColorado adopts nation’s first manufacturing sector emissions mitigation rules
After marathon deliberations, a Colorado regulatory body approved rulemaking late Friday for a market-based programme with facility-specific emission reductions from large in-state manufacturers, adopting amendments from business leaders and a longer lead time for the regulations to take effect.
Read MoreLondon-based investment firm targets Brazil for its nature-based solutions strategy
A London-based investment firm, fresh from raising $1.5 billion, is targeting Brazil as it launches its new nature-based strategy featuring carbon projects as well as commodity production, it announced Tuesday in a move designed to complement an earlier focus on decarbonising heavy industry.
Read MoreANALYSIS: Observers sceptical on readiness of Article 6 REDD+ buyers as nations prepare ground
Experts on the UNFCCC process have expressed scepticism that buyers are immediately lining up to buy Article 6-ready REDD+ results, which are expected to be offered to the market in the near future by at least three rainforest nations, though they suggested that there may significant future demand for such jurisdictional units if their use is fully established for transfer under the Paris Agreement.
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