WCI Markets: Benchmark CCAs surpass $28 as market anxiety eases, WCAs extend gains
Benchmark California Carbon Allowance (CCA) prices rose above $28 amid fading fears of federal risks and bullish signals, while Washington Carbon Allowance (WCA) values recorded multi-year highs on constrained permit supply.
Read MoreUS environmental group sues EPA for allegedly withholding names of polluters seeking exemptions
A US environmental group is suing the Trump administration for allegedly withholding the names of fossil fuel companies and other polluters seeking exemptions from Clean Air Act (CAA) regulations.
Read MoreWashington ECY considers extending EITE free allocation beyond 2035
New documentation from the Washington Department of Ecology (ECY) suggested the oversight body would consider continuing to issue free allowances for emissions intensive, trade-exposed (EITE) facilities beyond 2035, inching closer to the 2050 goalpost called for by participating industries.
Read MoreUS House legislation seeks to repeal clean energy tax credits and vehicle emissions standards
Two Republican bills introduced in the US House this week seek to repeal major federal support mechanisms for clean energy development and motor vehicle emissions standards.
Read MoreUS management firm faces backlash for abandoning climate alliance
A large US environmental organisation has pulled more than $10 million in assets from a major financial institution following its exit from public climate commitments.
Read MoreSupermarkets risk EU fines and CO2 overshoot without HFC phaseout -report
European supermarkets could face rising compliance costs and miss emissions targets unless they accelerate the phaseout of hydrofluorocarbon (HFC) refrigerants, which account for the bulk of their operational CO2 emissions, a UK-based non-profit said in a report on Tuesday.
Read MoreLCAW25: Launch of updated GRI climate, energy standards include carbon credit disclosures
The Global Reporting Initiative (GRI) has released two newly revised standards on climate and energy that companies can use to disclose on topics including emissions reductions, greenhouse gas removals, and carbon credits.
Read MoreINTERVIEW: Sea lice treatment emerges as ocean investment trend
Investments in treatment for sea lice in fish farms are among key trends in blue foods financing, which has been boosted by the UN Ocean Conference (UNOC), according to an investor.
Read MoreLCAW25: INTERVIEW – Verra’s latest consultation looks to push insurance, renewables in more countries
Verra is seeking views on its plans to allow project developers to manage their risks with insurance, and to widen its list of countries eligible for renewable energy projects – as part of a new consultation on its updated carbon standard, the organisation’s CEO said in an interview.
Read MoreCalifornia offset issuance ramps up, invalidation expiry more than doubles
California regulator ARB issued more than 150,000 credits over the last two weeks, after a lull in the previous period, while the invalidation period for nearly 1.7 mln units expired, state data released Wednesday showed.
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