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Former Canadian mining firm seeks new life as carbon project developer

Published 23:48 on June 20, 2022  /  Last updated at 23:55 on June 20, 2022  /  Africa, Americas, Asia Pacific, Canada, EMEA, International, Mexico, Nature-based, Other APAC, South & Central, Voluntary Market  /  No Comments

A Canadian former mining company is pivoting into the carbon credit space, with three nature-based projects in the developing world in the early stages of design.

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California March gasoline sales retreat from pre-pandemic levels, diesel hits record high

Published 17:59 on June 20, 2022  /  Last updated at 18:00 on June 20, 2022  /  Americas, Canada, US  /  No Comments

Gasoline consumption in California rose in March but still widened when compared to pre-pandemic levels, while diesel consumption notched a new 16-year high, according to state data published Friday.

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UN negotiators appoint supervisors for global carbon market mechanism

Published 13:42 on June 20, 2022  /  Last updated at 16:46 on June 20, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, Switzerland, US  /  No Comments

The UN’s new centralised market mechanism has confirmed appointments to its Supervisory Body, unlocking the opportunity to get started on a heavy workload that will help set the rules of government-level emissions trade in the Paris Agreement era.

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CCA and RGGI emitters continue adding net length, while speculators trim holdings significantly

Published 23:32 on June 17, 2022  /  Last updated at 23:32 on June 17, 2022  /  Americas, Canada, US  /  No Comments

Compliance entities raised their California Carbon Allowance (CCA) net length, while speculators significantly trimmed holdings amidst broader market macroeconomic weakness, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

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WTO sets environmental precedent to raise hopes for climate fight

Published 20:42 on June 17, 2022  /  Last updated at 20:42 on June 17, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, CBAM, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

The World Trade Organization agreed on the first change to global trading rules for years on Friday, with an accord on fishing subsidies that gives a modest signal that nations can come together on global challenges even as climate issues drew scant focus.

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Tens of millions of California Carbon Offsets at elevated wildfire risk this summer

Published 17:30 on June 17, 2022  /  Last updated at 17:30 on June 17, 2022  /  Americas, Canada, US  /  No Comments

Over 20 million compliance offsets under California’s cap-and-trade programme are subject to increased fire risk over the next several months amid scorching heat and record drought in the American West, researchers said Thursday.

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NA Markets: CCAs trend lower with broader markets, RGGI holds ground

Published 22:55 on June 16, 2022  /  Last updated at 00:18 on June 17, 2022  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices dropped this week in line with macroeconomic weakness across broader markets, while RGGI Allowances (RGAs) ended the week relatively flat on continued strong bid interest.

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UN talks bring climate damage to the fore ahead of Egypt summit

Published 20:41 on June 16, 2022  /  Last updated at 20:43 on June 16, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Rich-to-poor payments for climate-related harm is set to be the focus of year-end UN climate negotiations, experts said on Thursday as interim talks wrapped in Bonn amid concerns over whether voluntary carbon market infrastructure should feature in a new global emissions trading regime.

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California legislators probe allowance supply changes, salvage banking metrics in revised carbon market bill

Published 22:34 on June 15, 2022  /  Last updated at 22:34 on June 15, 2022  /  Americas, Canada, US  /  No Comments

California lawmakers on Tuesday released the updated text of a cap-and-trade market reform bill that would address allowance overallocation and supply vis-a-vis offset usage, while also requiring the publication of banking metrics after a similar bill failed this spring.

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Nova Scotia June carbon auction clears 75% above floor price, C$19 over November settlement

Published 20:16 on June 15, 2022  /  Last updated at 23:25 on June 15, 2022  /  Americas, Canada  /  No Comments

Nova Scotia’s fifth cap-and-trade auction cleared almost 75% above the 2022 auction reserve price at a record high settlement, rebounding significantly from November’s undersubscribed sale, according to results published Wednesday.

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