British Columbia invests C$15 mln in local carbon capture firm
A British Columbia-headquartered carbon capture company announced Tuesday that a provincial fund had committed C$15 million ($10.7 mln) to accelerate the firm’s domestic and international projects.
Read MoreANALYSIS: International carbon markets now “open for business” but patience needed before scale hits
UN-approved international carbon markets are now ready to fully operationalise, following the landmark decision to finalise Article 6 in Baku, but questions over demand, and a robust methodological work programme scheduled for 2025, means it may take years until the planned implementation produces credit transactions at scale.
Read MoreINC-5: Plastic negotiators in Busan overcome first hurdle as tension builds
Talks on the first-ever UN treaty aimed at tackling plastic pollution have begun in South Korea, with an overwhelming majority of delegates at the opening plenary session defying a group of countries allegedly trying to derail negotiations.
Read MoreUS 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.
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