New York legislature passes data centre moratorium bill as power demand tests grid, climate goals
New York lawmakers passed a bill that would impose a one-year moratorium on permits for large data centres, require larger facilities to source increasing shares of electricity from renewable energy, and direct utilities to shield other customers from costs linked to serving the sector.
Read MoreSupply chain, financing pressures keep corporate carbon accounting in play despite broader ESG pullback -panellists
Companies are continuing to use GHG accounting to guide investment, procurement, and emissions reduction decisions despite a more uncertain North American disclosure landscape, as climate risk, financing needs, customer demands, and supply chain pressure keep emissions data on the corporate agenda, panellists said on Thursday.
Read MoreMultilateral forest facility’s investment arm finds host in Luxembourg
The investment arm of the Brazilian COP30 presidency’s flagship Tropical Forest Forever Facility (TFFF) will be hosted in Luxembourg, the TFFF’s newest contributor, it was revealed Friday.
Read MoreFutures fall as Q2 RGGI auction clears well below secondary prices, RGGI states say they’ll begin affordability process
The Q2 RGGI carbon auction cleared nearly $9 below secondary market prices ahead of the sale, sending futures prices plunging on ICE Friday morning as participating states said they intend to begin a process for considering targeted measures to protect energy affordability and reliability.
Read MoreUS bank signs second carbon removal deal with bio-oil developer
A large US bank has signed its second carbon removal offtake deal with a developer of bio-oil projects, bringing its total commitment with the company to 90,000 tonnes.
Read MoreVirginia should postpone RGGI return until at least 2027 to prevent utility rate spike -paper
Virginia should postpone its return to RGGI until at least 2027 to prevent a spike in utility rates, according to a paper published by a Washington DC-based think tank.
Read MoreUPDATE – Trump taps wartime authority to bolster coal plants, expand export capacity
US President Donald Trump launched hundreds of millions of dollars in funding to protect coal plants and mines on Thursday, using powers under wartime authority to dole out much of the funding.
Read MoreWCI Markets: CCAs reach five-month highs following ARB approval of ETS revamp
California Carbon Allowance (CCA) futures rose to five-month highs following the long-awaited approval of programme updates by California regulator ARB late last week, although traders expressed mixed expectations whether prices would hold at current levels.
Read MoreAlberta price floor could fail, set path to increased emissions, market observers say
Alberta market participants are pricing credits for “materially looser market conditions” as the price floor laid out in the Canada-Alberta carbon deal looks set to fail, charting a path to increased emissions by the mid-2030s without tighter stringency, a new analysis said.
Read MoreOil and gas companies call for harmonisation across CCS, engineered CDR standards
An initiative led by major oil and gas providers called for harmonisation of reporting standards for carbon capture and storage (CCS) and engineered carbon removals (CDR), saying addressing gaps would enable the industry to accelerate towards climate goals.
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