California grants 1 mln new offsets, as wildfires near another forestry project
California minted almost 1 million new compliance-grade offsets over the past two weeks, but these issuances came as a new West Coast wildfire appeared to impact another existing forestry project registered under the WCI-linked cap-and-trade programme, state data and researchers reported this week.
Read MoreREDD developer Biofilica targets tenfold carbon credit growth following merger
Brazilian offset developer Biofilica announced its acquisition by a multinational environmental management firm on Tuesday, with the purchase aimed at generating 10 times as many voluntary emissions reductions (VERs) compared to current volumes and expanding into more nature-based project types.
Read MoreRGGI speculative firm opens new account, eyes California offset market
A Texas-based hedge fund opened a RGGI CO2 Allowance Tracking System (COATS) account on Wednesday, with the firm having been linked to two previous speculative accounts under a different name.
Read MoreCalifornia gasoline consumption continues steadily rise toward pre-pandemic levels in April
California gasoline usage increased for the second consecutive month in April, as consumer demand continues to skew back towards pre-COVID levels amid fewer state-level restrictions, according to state data released this week.
Read MoreNew service plans CO2 removal certification system mirroring I-RECs
A new joint venture is planning to launch a certification system for carbon removals, with the aim of addressing issues regarding transparency and trust that have affected the existing voluntary emissions reduction (VER) market.
Read MoreWCI speculative holdings rise as emitters add length for 2nd straight week
WCI speculative firms added to their California Carbon Allowance (CCA) position over the past week, as emitters slightly increased their holding over the period to mark the second consecutive week-on-week gain, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreUS Carbon Pricing and LCFS Roundup for week ending July 23, 2021
A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including in Washington state and federal legislation regarding a carbon tariff.
Read MoreCalifornia natural gas generation rises in 2020 as power demand slumps
California electricity consumption declined to a near-term low in 2020 as a result of the COVID-19 pandemic, but natural gas-fired generation still increased over the past year due to a drop in hydroelectric capacity, according to state figures.
Read MoreNA Markets: CCA prices retrace further despite influx of V20 buying, RGGI stagnates on low demand
California Carbon Allowance (CCA) prices this week declined despite a surge in transacted volume, while RGGI Allowance (RGA) values edged down slightly across the week with limited buying interest.
Read MoreQuebec rejects LNG project over potential GHG impacts
The Quebec government declined to authorise a proposed natural gas liquefaction facility on Wednesday due to concerns that the project would not lead to a net reduction in global emissions.
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