COP29: US DOE deputy chief “confident” rulemaking on certain IRA tax credits will finish before Trump
Ongoing work to finalise outstanding rules for certain tax credits within the Inflation Reduction Act (IRA) will be completed before the end of President Biden’s term, a top US Department of Energy (DOE) official said this week, although work on final rules for other credits may be left in the hands of the new Trump administration.
Read MoreLargest soil carbon project in Latin America launches in Paraguay
A Paraguayan agricultural conglomerate has partnered with a multinational developer to launch a livestock farming project that participants claim will be the largest soil carbon initiative in Latin America.
Read MoreCOP29: UK commits over £200 mln to support international forest carbon markets
The UK has pledged to commit £239 million in funding to support forest-rich nations worldwide conserve nature and biodiversity through the development of voluntary carbon markets, the government announced on the sidelines of COP29 on Friday.
Read MoreWCI Markets: CCA futures, options trade explodes to multi-year records around Q4 auction
California Carbon Allowances (CCA) futures and options activity on ICE ramped to record levels into the last quarterly permit sale of 2024 earlier this week, with sentiment recast lower after ARB delayed cap-and-trade updates to the new year, while lack of liquidity clouds hints of momentum in Washington Carbon Allowances (WCA).
Read MoreHybrid CDR technologies are key to US decarbonisation -report
Carbon dioxide removal (CDR) technologies that enhance nature-based CO2 absorption should be harnessed to unlock cheaper decarbonisation pathways in the US, a new report said.
Read MoreCarbon credit financier names commodities trading “expert”, activist investor as new CEO
A Toronto-based carbon credit project financier has named a commodities trading “expert” and activist investor as its new CEO.
Read MoreUS bipartisan senate bill seeks to scale CDR through tax credits
A bipartisan US senate bill introduced on Thursday would establish a new tax credit to support the CO2 removal (CDR) industry beyond applications of the existing 45Q tax credit.
Read MoreOregon EQC unanimously votes to restore state’s GHG reduction scheme
Oregon’s Environmental Quality Commission (EQC) on Thursday unanimously approved the proposed Climate Protection Program (CPP), effectively reinstating the GHG reduction scheme after it was invalidated last year.
Read MoreCOP29: Roundup for Day 11 – Nov. 21
It is Day 11 at COP29 in Baku – Nature Day. New texts on climate finance and Article 6 dropped first thing this morning in Baku, with parties and negotiating blocs scrambling to pressers to share their views, as side events at country pavilions begin to wrap up. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (GMT+4).
Read MoreCOP29: ‘Empty place-holder’ – Countries under pressure to set climate finance goal, amid worry and dismay
The COP29 global climate summit enters its last day on Friday amid widespread frustration surrounding negotiations over a new global climate finance target, as a headline sum is yet to emerge.
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