US EV sales double in 2023, vehicle emissions reach record low -report
US automakers showed progress lowering pollution from vehicles and nearly doubled electric vehicle (EV) sales to around 10% in 2023, according to a federal report published Monday.
Read MoreUS low carbon fuel voluntary certificates to cover biomass-based diesel
A voluntary US programme issuing tradeable certificates for ethanol producers that launched last year is expanding eligibility to include biodiesel and renewable diesel (RD) fuels, according to an announcement Monday.
Read MoreRGGI Market: Virginia circuit court decision fuels RGAs’ brief flight to $27
RGGI Allowances (RGA) skimmed $27 last week after a Virginia circuit court judge ruled the state’s exit from the Northeast carbon market to be unlawful, but readjusted lower in subsequent sessions as traders reset expectations for any immediate impact to the programme.
Read MoreUnlocking billions of dollars in carbon credit demand hinges on smoothing buyer “friction points”, report warns
The voluntary carbon market will remain underdeveloped, achieving a tiny fraction of the annual CO2 removals needed and falling short billions of dollars in investment potential until buyer “friction points” are addressed, a new report has warned.
Read MoreStudy makes link between stabilising global CO2 levels and reducing risk of climate disasters
Stabilising atmospheric CO2 levels could significantly lower the risk of climate-related disasters, according to a new study by researchers from the University of Cambridge.
Read MoreCalifornia diesel sales drop YoY in August, gasoline usage decline hits one-year mark
California diesel consumption year-over-year (YoY) in August slipped, while gasoline volumes also declined YoY for the twelfth straight month, state data published Monday showed.
Read MoreUS EPA advances West Virginia’s CO2 storage permit authority approval
The US Environmental Protection Agency (EPA) this month proposed a rule to authorise West Virginia to oversee CO2 storage wells within the region, potentially positioning it as the fourth state to gain such primacy.
Read MoreCOMMENT: After COP29, companies can no longer sit on the sidelines
As COP29 concludes, the progress on Article 6.4 signals potential for a robust global carbon market, but with a $1 trillion annual funding gap, companies must step up, leveraging emerging solutions like streamlined carbon credit auctions to decarbonise and secure a competitive, sustainable future.
Read MoreLATAM Roundup: Road to Belem paved with carbon market intentions after landmark Article 6 decision
As this year’s COP29 climate summit in Baku, Azerbaijan concludes with landmark decisions clinching the operationalisation of Article 6.2 and 6.4 carbon markets – with Brazil said to have played a key diplomatic role – expectations for COP30 in Belem, Brazil have highlighted the rise of Article 6 as a priority for the region.
Read MoreNorth American investors commit $2 mln to Montana grassland carbon projects
A pair of North American investors announced Monday the finalisation of a $2 million investment in two Montana grassland conservation carbon projects.
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