NHL’s Penguins buy Pennsylvania, West Virginia forest credits for $27-50/t
The Pittsburgh Penguins professional ice hockey team has retired more than 12,500 tonnes of carbon credits sourced from local forest conservation projects in the US northeast.
Read MoreReport calls for stronger carbon, nature markets to mobilise capital towards bioeconomy
The world’s largest asset owners can accelerate the transition towards the bioeconomy, though steps must be taken to ensure capital flows at scale through carbon and nature markets, according to a UK-headquartered investor.
Read MoreUK looks to delink electricity prices from gas as consumer bills soar
The UK is implementing measures to break the link between spiking gas prices and renewable energy that has left industry paying the highest price for electricity in the developed world.
Read MoreINTERVIEW: How data centres can help to squeeze the expense of direct air capture
A developer of solid-state modules says it can reduce the cost of direct air capture (DAC) to $150 per tonne of CO2 by making use of existing airflows and waste heat at data centres.
Read MoreGlobal solar surge halted growth of fossil power in 2025 -report
Solar and wind met almost all electricity demand growth last year, while fossil generation stayed flat, according to the latest report by an energy think tank.
Read MoreRGGI Market: RGAs reach all-time high above $30
RGGI Allowance (RGA) futures reached record highs above the $30 mark on Monday as some traders pointed to tightness of supply and demand as the factor driving prices to historic levels recently.
Read MoreForest-based BECCS likely to raise emissions for decades -study
Burning wood for carbon capture projects is unlikely to deliver net carbon removals for up to 150 years, with emissions in one modelled scenario remaining more than double those of natural gas with CCS over that period, new research found.
Read MoreNew carbon finance company secures $50 mln to scale Kenya agroforestry project
A new carbon finance company launched on Monday said it secured over $50 million to expand a Kenya-based agroforestry carbon project, pitching early-stage funding as a way to unlock stalled projects and draw in institutional capital.
Read MoreVCM Report: CORSIA prices strengthen, Indonesia opens up to international carbon market after three years
Spot credits for Phase 1 of CORSIA traded around $14 this week, while the ending of Indonesia’s moratorium on selling voluntary carbon units internationally looks set to unleash a flood of fresh REDD issuances onto the market.Â
Read MoreSCOTUS hands oil companies win in Louisiana coastal lawsuits over historic oil activity
The US Supreme Court (SCOTUS) on Friday handed oil companies a boost in their fight with Louisiana officials over coastal damage costs, siding with Chevron in a case that could shape similar claims against other oil and gas players, including Exxon Mobil.
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