LCFS Market: California lawmaker seeks LCFS repeal citing impact on gas prices
The Republican Minority Leader of the California state senate announced plans for new bills blocking ARB’s Low Carbon Fuel Standard (LCFS) regulation on Tuesday, pointing to a new study that projected an increase in gas prices beginning 2025 due to recent programme updates introduced in the state.
Read MoreNOAA unveils partnerships to advance ocean CO2 removal research, boost transportation’s climate resilience
The US National Oceanic and Atmospheric Administration (NOAA) on Tuesday unveiled new partnerships to advance research on using the ocean to remove and store CO2, and enhance climate change resilience in the transportation sector.
Read MoreCOP29: New Article 6 texts seek final bridge over troubled registry waters
Fresh Article 6 draft negotiating texts were published late on Tuesday with the Azerbaijan COP29 presidency looking to speed through a carbon markets outcome in Baku, as parties edged closer to consensus on the thorny registries issue.
Read MoreBRIEFING: Experts ask Washington to streamline reforestation protocol baselines
Forest offset project experts last week asked the Washington Department of Ecology (ECY) to prioritise streamlining its reforestation protocol, as it is already economically unfeasible.
Read MoreStartup shutters carbon credit exchange, shifts focus to climate consultancy tech
A US-based startup dedicated to environmental market infrastructure on Tuesday announced the closure of its offset trading exchange amid the downturn in the voluntary carbon market.
Read MoreZefiro plugs first gas well in Oklahoma, eyes expansion in US, Middle East
Zefiro Methane Corp. announced on Monday that its subsidiary Plants & Goodwin (P&G) has completed the company’s inaugural gas well remediation project in Oklahoma.
Read MoreCOP29: Roundup for Day 9 – Nov. 19
It is Day 9 at COP29 in Baku – Food Day. As we go deeper into week two, with a matter of days to conclude minister-level talks, a new text is expected on Article 6, and things are turning around on other work streams, including the ambiguous Mitigation Work Programme (MWP). The UK and Brazil have also been tasked with making sure we get over the line in Baku.
Read MoreINTERVIEW: Game-changing $5 bln deal for Bolivia threatens to disrupt both Article 6 and voluntary market
Chicago company Laconic Infrastructure Partners plans to issue $1 billion worth of securities next year on Bolivia’s forestry plans, and if the idea catches on, it could undermine the edifice building around Article 6 trade as well as the voluntary carbon market.
Read MoreEXCLUSIVE: Colombian carbon standard is first to sign up to S&P Global tool aimed at ‘uniting the registry community in one place’
A Colombian carbon standard has become the first organisation to sign up to a new software tool from S&P Global, which has been designed to integrate the various carbon registries and standards in one place.
Read MoreCOP29: USDA won’t finalise voluntary carbon rules before Trump administration, secretary says
A set of protocols being designed to help US land and forest owners gain access to the voluntary carbon market won’t reach a draft form before the end of President Joe Biden’s term, putting their fate in the hands of the incoming Republican administration.
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