UPDATE – Trump taps wartime authority to bolster coal plants, expand export capacity
US President Donald Trump launched hundreds of millions of dollars in funding to protect coal plants and mines on Thursday, using powers under wartime authority to dole out much of the funding.
Read MoreWCI Markets: CCAs reach five-month highs following ARB approval of ETS revamp
California Carbon Allowance (CCA) futures rose to five-month highs following the long-awaited approval of programme updates by California regulator ARB late last week, although traders expressed mixed expectations whether prices would hold at current levels.
Read MoreAlberta price floor could fail, set path to increased emissions, market observers say
Alberta market participants are pricing credits for “materially looser market conditions” as the price floor laid out in the Canada-Alberta carbon deal looks set to fail, charting a path to increased emissions by the mid-2030s without tighter stringency, a new analysis said.
Read MoreOil and gas companies call for harmonisation across CCS, engineered CDR standards
An initiative led by major oil and gas providers called for harmonisation of reporting standards for carbon capture and storage (CCS) and engineered carbon removals (CDR), saying addressing gaps would enable the industry to accelerate towards climate goals.
Read MoreCanadian timber company reports emissions cuts, $13.3 mln in credit revenues
A Canadian-headquartered forestry company this week reported progress towards its climate targets, including lower emissions and new revenues from carbon market activities, in its latest sustainability report.
Read MoreEU needs to find “middle ground” for CORSIA credit eligibility, says rating agency
EU-approved CORSIA Phase 1 supply, based on provisional eligibility criteria, could reach as many as 160 million credits across the three-year period, according to a rating agency, but the company urged that Brussels takes a more moderate stance as this total is unlikely to be anywhere near as high in reality.
Read MoreGreenpeace wins jurisdiction battle in Dutch challenge to $345 mln US pipeline verdict
A Dutch court has cleared the way for Greenpeace International to pursue legal action against US pipeline operator Energy Transfer, rejecting the company’s attempt to have the anti-intimidation case dismissed and allowing proceedings to move to the merits stage.
Read MoreWorld Cup given red card for carbon emissions
This summer’s World Cup will emit more than twice as much CO2 as the carbon footprint of the last football bonanza in Qatar in 2022, finds research published on Thursday.
Read MoreCanadian DAC developer inks deal with large bank for 18k credits
A Canadian bank has signed a deal to purchase 18,000 verified direct air capture (DAC) carbon removal (CDR) credits from a Montreal-headquartered project developer, it was announced on Thursday.
Read MoreUS oil companies could be converted to carbon removal obligation, says academic
A fresh lobbying campaign in the US to mandate fossil fuel companies to use carbon removal (CDR) technology may garner support from the oil sector, an academic and sectoral expert told Carbon Pulse this week.
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