VCM REPORT: CORSIA prices steady after months-long slide as market searches for floor
CORSIA futures stabilised after months of price declines, with benchmark contracts on ICE holding around the $10 per tonne mark last week as selling pressure appears to be easing, as participants appeared to have found on a floor amid demand uncertainty.
Read MoreUS DOE selects West Virginia coal and CCS project for $18.5 mln grant
A planned coal-fired power and carbon capture (CCUS) project in West Virginia has been selected for up to $18.5 million in US DOE funding to support early-stage development.
Read MoreWealthy countries falling short of 2030, 2035 Paris goals, unlike BASIC countries -report
The three UN negotiating blocs comprising mostly wealthy countries are collectively on track to fall short of their emission reduction pledges in the next decade, with emissions set to exceed the 2035 targets by nearly 20%, according to a study published on Monday.
Read MoreLarge-scale carbon removal could save trillions in climate damages, but at cost of forgone health benefits -study
Large-scale deployment of CO2 removal technologies could substantially reduce the cost of reaching net zero emissions in the US and generate trillions of dollars in revenues for project developers, but may also lead to worse air quality outcomes than pathways that rely more heavily on direct emissions cuts, according to a new study.
Read MoreHope fading fast of airlines meeting net zero 2050 goal, warns airline body
Airlines may need an easier climate target because “hope was fading fast” of meeting the net zero 2050 goal, an industry body has warned.
Read MoreSB64: PREVIEW – Adjacent plans, procedures take centre stage at Bonn UN climate talks
UN observers anticipate that already-agreed initiatives, or ones conceived in parallel to formal COP negotiations, will shape the SB64 climate talks in Bonn this week and next – and that forward momentum on these fronts could itself be a determinant of the summit’s success.
Read MoreClean industry financing jumps as China leads new project wave -report
Clean industry projects worth an estimated $43 billion secured financing over the past six months, more than double the pace recorded in the same period a year earlier, as China accounted for most new projects, according to a report published Monday.
Read MoreCFTC: Producers, managed money diverge across CCA, RGA holdings
Producers and financial players moved in opposite directions across the North American carbon credit schemes reported by the US Commodity Futures Trading Commission (CFTC), particularly in California Carbon Allowances (CCAs) and RGGI Allowances (RGAs).
Read MoreCalifornia power emissions rise YoY in April as natural gas drops
California power sector CO2 emissions increased roughly 1.6% year-on-year (YoY) in April, even as the share natural gas-based generation decreased, recently published grid operator data showed.
Read MoreBRIEFING: CDR buyers, developers look to next phase of market
Buyers of Canadian carbon removal (CDR) are diversifying, as are their portfolios, but work remains on broadening the demand signal, according to market stakeholders.
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