California gasoline, diesel consumption trend down during March
California gasoline and diesel sales continued to lag year-ago levels during March, causing estimated Q1 cap-and-trade covered emissions to deviate further below 2022 totals, according to state data published Friday.
Read MoreCalifornia power emissions continue decline through May on hydro boom
California electricity sector CO2 output dove considerably over the first two months of the second quarter as wet weather took a sizable bite out of natural gas usage and crashed imported volumes, data published Friday showed.
Read MoreSouth Pole veteran joins French utility as environmental product head, asset manager hires N.American CO2 trader
A long-time employee of climate consultancy South Pole on Monday joined the trading arm of a French power company, while a seasoned North America-based carbon trader started at a London-headquartered investment manager, Carbon Pulse has learned.
Read MoreCanada publishes draft IFM offset protocol for private lands, confirms separate version for public sector
The Canadian environment ministry on Friday published its draft federal offset protocol for private sector improved forest management (IFM), mirroring efforts already underway in British Columbia and confirming plans to develop a separate iteration for Crown lands.
Read MoreProducers continue to slash California carbon net length, financial players raise holdings amidst increased spread activity
Regulated parties shed net holdings of California Carbon Allowances (CCAs) and speculators extended length through a week of heightened spread activity, while both entities reversed course from the prior week in the US Northeast power sector carbon market, data from the US Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreTech firms partner to launch AI-based soil carbon analysis
Two technology firms have announced a strategic partnership aimed at revolutionising the field of soil analysis, leveraging artificial intelligence (AI) to provide real-time quantification of carbon sequestration.
Read MoreWCI Markets: CCAs return to rulemaking workshop-inspired levels, participants largely avoid WCAs
Option spread activity has lifted California Carbon Allowance (CCA) prices back to levels reached after bullish impetus from last week’s cap-and-trade rulemaking workshop, while Washington Carbon Allowance (WCA) values remained unchanged this week as transacted volume plunged.
Read MorePlans to launch $1.5 bln blended climate finance platform revealed at Paris summit
Plans to launch a $1.5 billion public and private climate finance platform were proposed on Thursday at the opening of the Paris Summit for a New Global Financing Pact as talks started of easing the flow of investment from the Global North to the Global South.
Read MoreInvestment manager buys forest to generate California carbon credits
An Australia-headquartered global investment manager on Thursday announced it has purchased a 19,000-acre forest in California, in which it plans to generate carbon credits eligible for the state’s cap-and-trade scheme.
Read MoreCalifornia should re-engage on carbon market leadership when considering linkage, watchdog says
California should take a larger role in engaging climate cooperation with subnational jurisdictions when it considers expanding agreements with its WCI-linked cap-and-trade programme, the state’s carbon market watchdog said Tuesday.
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