CFTC: Compliance slashes RGGI exposure, investors brave CCA price slump
Producers took a drastic haircut to their RGGI Allowance (RGA) long holdings, while investors raised California Carbon Allowance (CCA) net length even as prices faltered over the week, latest figures from the US Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreBrazilian state signs carbon credits MoU with environmental services firm
A small Brazilian state signed an MoU on Friday with a Sao Paulo-based environmental services firm that entails a carbon project the pair said could be worth more than R$300 million ($51.7 mln).
Read MoreNew US EPA petitions federal courts to pause lawsuits against power plant standards
The newly installed administrator at the US EPA moved the courts to hold all consolidated litigation against former President Joe Biden’s power plant emissions standards for 60 days, buying time for the new administration to review the underlying rule.
Read MoreMajor US nature study cancelled via executive order to bolster the energy industry
A major US-wide nature study has been cancelled amidst the deletion of multiple environmental government sites through a recent executive order (EO) by President Donald Trump aimed at boosting energy production.
Read MoreBECCS, DAC small factor in net-zero Canada -report
New projections by a federal regulator suggest carbon capture technologies like bioenergy power generation with carbon capture, utilisation, and storage (BECSS), and direct air capture (DAC) aren’t yet ready to play a major role in Canada’s net-zero future.
Read MoreCalifornia senator makes another attempt to set ground rules for CDR
A California senator introduced a CO2 removal (CDR) bill on Wednesday, the second attempt by the lawmaker to prescribe rules surrounding CDR development in the state in recent years.
Read MoreDATA DIVE: UN postpones 2035 NDC deadline after few countries submit plans on time
The UN has pushed the deadline for the submission of new Nationally Determined Contributions (NDCs) to September, after just a handful of countries sent them in ahead of the initial date of Feb. 10.
Read MoreUS CCS projects may capture more than 30 MtCO2 annually from ethanol production -research
By the end of 2024, 51 carbon capture and sequestration (CCS) projects in the US were in the planning stages aiming to store at least 30.5 million tonnes of CO2 each year from ethanol refineries, according to a research study released Wednesday.
Read MoreERW could cut CO2 by up to 300 mln tonnes annually in US by 2050 -report
Deploying basalt-based enhanced rock weathering (ERW) in US agriculture could remove between 160-300 million tonnes of CO2 annually by 2050, and 250-490 mln tonnes by 2070, according to a new study published this week.
Read MoreGlobal organisation launches first accounting standard for cocoa, outlines carbon removals framework
An international organisation has announced the world’s first accounting standard for the cocoa sector, setting a framework for companies to report Scope 3 emissions and measure carbon removal.
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