Nearly 100 countries submit DNAs to UN as Article 6 implementation gathers pace

Published 14:02 on December 24, 2024  /  Last updated at 14:02 on December 24, 2024  / /  Americas, Asia Pacific, Climate Talks, EMEA, International, Paris Article 6

Nearly 100 countries have now submitted their Designated National Authority (DNA) under Article 6.4 to the UNFCCC, indicating growing interest in carbon market participation following the breakthrough on international carbon markets at COP29 in Baku.

Read More

KEY TAKEAWAYS: Bezos Earth Fund’s global roadmap to scale CDR technologies by 2050

Published 03:43 on December 24, 2024  /  Last updated at 03:43 on December 24, 2024  /  Americas, Asia Pacific, EMEA, International, Nature-based, US, Voluntary

The Bezos Earth Fund late last week released a report outlining how to scale CO2 removal technologies by 2050. Here’s a summary of the key takeaways from the 109-page paper.

Read More

Early deployment of CO2 removal technologies crucial for hitting US net-zero target, study finds

Published 02:51 on December 24, 2024  /  Last updated at 02:51 on December 24, 2024  /  Americas, Nature-based, US, Voluntary

Deploying CO2 removal (CDR) technologies in the near term could significantly reduce the economic and environmental risks associated with the US journey to net-zero emissions by 2050, according to a new study.

Read More

Colorado toughens midstream GHG restrictions

Published 00:48 on December 24, 2024  /  Last updated at 00:48 on December 24, 2024  / /  Americas, US

Colorado regulators added further restrictions on natural gas facilities while keeping an eye on how that would impact the development of a carbon credit trading system.

Read More

Canada publishes new proposed environmental claims guidelines

Published 00:17 on December 24, 2024  /  Last updated at 00:17 on December 24, 2024  / /  Americas, Canada, Voluntary

The Canadian government published Monday new proposed guidelines intended to help businesses determine whether their environmental claims are compliant with national law.

Read More

2025 to be year of uncertainty for energy markets -outlook report

Published 23:22 on December 23, 2024  /  Last updated at 23:22 on December 23, 2024  / /  Americas, Asia Pacific, China, EMEA, International, US

An outlook report indicates that 2025 will be a year marked by more uncertainty for energy markets than any year since the pandemic as conflicts in Ukraine and Gaza remain unresolved and geopolitical rivalry between China and the West ratchets up.

Read More

California diesel sales rise YoY in September, gasoline use continues to fall

Published 23:17 on December 23, 2024  /  Last updated at 23:17 on December 23, 2024  / /  Americas, Canada, RINs & LCFS, US

California diesel consumption in September inched up year-over-year (YoY), rising for the fifth month this year, while gasoline volumes continued their long-standing YoY, state data published Monday showed.

Read More

RGGI Market: RGAs hold above $23 ahead as holiday lull starts to set in

Published 23:12 on December 23, 2024  /  Last updated at 23:12 on December 23, 2024  / /  Americas, US

RGGI allowances (RGAs) continued to hold above the $23 threshold as market activity dampened heading into the holiday season.

Read More

US renewable fuels producer to retire 19 mln RINs as part of bankruptcy settlement

Published 19:33 on December 23, 2024  /  Last updated at 19:33 on December 23, 2024  / /  Americas, RINs & LCFS, US

A Texas-based renewable fuels company has reached a settlement in its ongoing bankruptcy case with the US government, agreeing to retire nearly 19 million Renewable Identification Numbers (RINs) to meet its previous obligations.

Read More

California power emissions drop in November as renewables and natural gas recede, imports climb

Published 19:27 on December 23, 2024  /  Last updated at 19:27 on December 23, 2024  / /  Americas, Canada, US

California electricity sector emissions fell year-on-year (YoY) in November as the share of generation from renewables and natural gas decreased while imports increased, data published Thursday by the state’s grid operator showed.

Read More