UPDATE – FEATURE: No sign of Canada’s 2035 climate target, despite mandate by law
Canada’s 2035 climate target was expected Dec. 1 as per federal law, but legal ramifications resulting from the delay appear limited amid a challenging political environment for increased climate ambition.
Read MoreDelays cause CO2 pipeline developer to withdraw permit application in Iowa
A midwestern carbon pipeline company has withdrawn its permit application to build a CO2 pipeline in Iowa after delays created uncertainty around the project’s timeline, the company said in state filings.
Read MoreCOMMENT: A purposeful scientific community of practice can help carbon markets deliver impact at scale
Nature-based solutions, particularly those harnessed by the voluntary carbon market, play a critical role in addressing the urgent interlinked crises of climate change and biodiversity loss by mobilising private finance for conservation and restoration, fostering interdisciplinary research, and ensuring ethical practices, even as they face scrutiny and require continuous improvement to scale their impact effectively.
Read MoreSustainable aviation too slow to take off, finds report
A mere 12% of airlines around the world are making “noteworthy efforts” to switch from kerosene to truly sustainable aviation fuels (SAFs), while the others are either buying too little or the wrong kind of alternative, according to an NGO ranking published on Tuesday.
Read MoreFragmentation of standards a fact of life in new carbon market landscape, say experts
Fragmentation in international carbon markets is now a “reality”, and it is unlikely that there will be a single global standard for credits as countries continue to take different approaches in terms of project development, according to panelists speaking at a conference on Tuesday.
Read MoreWCI, Washington release expected 2025 auction dates and reserve prices
The California-Quebec joint carbon market and Washington’s cap-and-invest programme announced auction dates and reserve prices for 2025 on Monday, along with next year’s sale volumes.
Read MoreCFTC: Traders bulk holdings in V25s across WCI, RGGI carbon markets
Both emitters and financial players continued to move their holdings in California Carbon Allowances (CCAs) and RGGI Allowances (RGAs) into 2025 at the expense of 2024, delayed data from the US Thanksgiving holiday published Monday by the US Commodity Futures Trading Commission (CFTC) showed.
Read MoreBRIEFING: US data centres, AI growth add pressure for transmission permitting reform -panellists
As data centres and artificial intelligence drives electricity demand across the US, permitting wait times for transmission lines will need to be dramatically sped up in a number of ways, panellists said Monday, from limiting lawsuits against transmission projects to centralizing permitting authority in the federal government.
Read MoreCanada proposes CFR credit generation updates
Canada proposed changes to carbon intensity (CI) calculations of certain fuels eligible for credit generation under the Clean Fuel Regulations (CFR) on Friday.
Read MoreEuropean country donates up to $21 mln to Brazil’s Amazon Fund
Brazil’s national development bank announced Friday that a European nation has donated up to $21.1 million to the Amazon Fund, aiming to help combat deforestation and promote sustainable development.
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