Offset standard Verra releases biochar methodology
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.
Read MorePREVIEW: Q3 WCI auction pits California climate proposal against weaker financial interest
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.
Read MoreUPDATE – ICE settles 2026 to 2030 vintage future for nature credits above $24
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.
Read MoreVerra-approved dynamic baseline forestry methodology aims to deflate hot air criticism
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.
Read MoreCalifornia governor offers plan to extend life of Diablo Canyon nuclear plant
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.
Read MoreVCM Report: Nature-based curve stretches out amid demand for new vintages
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.
Read MoreCanada-based offset developer signs up with registry for South American projects
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.
Read MoreRGGI, Inc. to block Pennsylvania’s Q3 auction volumes next week unless injunction lifted
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.
Read MoreSpeculators build, emitters trim CCA positions as prices jump
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.
Read MoreUS Congress passes largest-ever climate bill after 1.5-year slog
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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