Offshore basins emerge as lowest-cost CO2 storage option in Eastern Canada, assessment finds
A regional assessment found CO2 storage costs are lowest in basins with favourable reservoir properties, including several offshore formations, while lower onshore costs may be offset by lower reservoir quality.
Read MoreBRIEFING: Canadian investors endorse new sustainable finance taxonomy, but warn federal backing is make-or-break
Canadian investors broadly support the development of a national sustainable finance taxonomy, but its effectiveness will depend on clear federal policy backing and integration into regulatory frameworks, according to a new survey.
Read MoreSalt marsh degradation drives net global blue carbon loss despite restoration efforts -researchers
Global losses of carbon from salt marshes have outpaced gains from restoration efforts over the past two decades, with degradation of mature, carbon-rich ecosystems outweighing expansion of newer, lower-density wetlands, according to a new study.
Read MoreCalifornia extends public comment period for 15-day notice on proposed ETS updates
California regulator ARB announced on Tuesday it has extended the deadline for public comments on proposed updates to the state’s Cap-and-Invest Program outlined in a 15-day notice earlier this month.
Read MoreRGAs reverse course from recent rally, plunge amid diminished bidding
RGGI Allowance (RGA) futures plunged from all-time highs on Tuesday following three days of historic surging as market participants pointed to the collapse of strong bidding that drove the recent rally and said the direction of the market ahead remains unclear.
Read MoreNew York governor eyeing 2028 for cap-and-invest launch -media
New York Governor Kathy Hochul (D) is working on a proposal that would delay implementation of the state’s planned cap-and-invest programme until 2028 amid ongoing debates around the state’s climate goals and budget, media reported Tuesday.
Read MoreSpain, Germany lead commitments to shield consumers from Iran war energy price hikes -think tank
Spain and Germany have made nearly €7 billion in fiscal commitments to soften the impact of the war in the Middle East on voters, with France and the UK having taken almost no action thus far to shield consumers from the effects of price rises, analysis from a European think tank shows.
Read MoreSurficial mineralisation hub launched in Quebec to test low-cost CDR scaling
A new hub in Quebec will test whether surficial mineralisation can deliver large-scale, low-cost carbon removal (CDR), it was announced on Tuesday.
Read MoreBTG Pactual’s Latin American reforestation fund closes more than $1 bln
BTG Pactual’s Timberland Investment Group’s (BTG Pactual TIG) Latin American Reforestation Strategy has closed more than $1.2 billion in fundraising, employing a model that seeks to promote scaling and generate millions of nature-based carbon removal (CDR) credits, it was announced Tuesday.
Read MoreMENA Roundup: No longer on the sidelines, MENA partakes in global market twists and turns
From feeling the impact from Microsoft’s carbon removal buying ‘pause’, to hosting a CORSIA auction and building Article 6 readiness, the Middle East and North Africa (MENA) region in April stepped into the midst of global carbon market trends.
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