US House advances year-round E15 bill despite environmental opposition
The US House of Representatives passed legislation Wednesday to allow nationwide year-round sales of E15 gasoline, advancing a long-sought priority for ethanol producers and corn-state lawmakers despite opposition from environmental groups and parts of the biofuels sector.
Read MoreWorld oil demand falling drastically amid conflict in Middle East, says IEA
World oil demand is falling sharply due to the effective closure of the Strait of Hormuz, which is depleting global stocks at a record pace, the International Energy Agency (IEA) said Thursday.
Read MoreStalled US Midwest CO2 pipeline cut by 200 miles as storage plan shifts to Wyoming
A long-planned Midwest CO2 pipeline project is being reworked after legal and permitting setbacks, with its developer cutting hundreds of miles from its Iowa route and shifting the planned storage component to Wyoming.
Read MoreRuling out biodiversity offsetting could create hole in nature finance -paper
Offsetting needs to form part of the measures deployed to achieve global biodiversity targets, as ruling it out entirely risks creating a hole in nature finance, according to a pre-print paper.
Read MoreBRIEFING: Scaling carbon markets calls for blockchain-based banking to crowd in large investors -US bank
Clients of a large US bank are keen but struggling to enter the carbon market because they find it too “mystifying” and in need of standardisation through blockchain-based banking, a finance expert said at a conference, adding that this would finally attract the necessary large-scale capital.Â
Read MoreUN climate chief hails China as climate leader, urges it to speed Asia coal phaseout
UN climate chief Simon Stiell on Thursday lauded China as a global climate leader and called on Beijing to help its region in phasing out coal amid mounting energy security challenges.
Read MoreCalifornia offset issuance slumps 70% in latest round
California regulator ARB issued fewer than 44,000 compliance-grade offsets over the past three weeks, the second-lowest issuance so far this year, according to data released on Wednesday.
Read MoreBRIEFING: Canada-Alberta set to weaken carbon pricing timeline for TIER
Canada and Alberta appear to have agreed on a weakened carbon pricing timeline for the oil-producing province’s Technology Innovation and Emissions Reduction (TIER) market, which experts said could disincentivise improvement for the rest of the country’s patchwork of systems.
Read MoreUS CDR portfolio developer issues call for proposals targeting NbS, policy, and methane projects
A US carbon removal portfolio developer has issued a call for nature-based solutions (NbS), carbon removal (CDR) policy initiatives, and methane mitigation projects seeking funding through the next year.
Read MoreBRIEFING: Reforestation projects need capital, ratings clarity to unlock buyer demand, panellists say
Reforestation projects need earlier capital and clearer ratings signals to unlock buyer demand, panellists said on Wednesday, as companies weigh project quality, risk mitigation, and community benefits following Microsoft’s pause in carbon removal (CDR) purchases.
Read More