California natural gas emissions spike in 2023 under cap-and-trade programme
Emissions from gas supplied rose year-on-year in 2023, even as overall GHG output under the California cap-and-trade programme continued a declining trend led by transportation, power, and industry sectors, according to data from the regulator.
Read MoreUS-based ocean CDR startup names new leadership
A US-based ocean carbon removal startup has announced a series of leadership appointments aimed at accelerating the deployment of its carbon capture technology.
Read MoreCanadian, Indigenous govts ink landmark C$375-mln conservation deal
The Canadian and Indigenous governments, together with a group of private donors, signed on Thursday an agreement set to unlock C$375 million ($270 mln) over the next 10 years for conservation efforts in the Northwest Territories (NWT).
Read MoreCalifornia’s environmental justice advisory body recommends scrapping ETS free allowances, offsets
California regulator ARB’s Environmental Justice Advisory Committee (EJAC) on Thursday approved a set of recommendations for cap-and-trade programme revisions, which included calls to eliminate free allowances and offsets.
Read MoreCarbon credit financier notches small profit in Q3 despite project write-down
A Toronto-based carbon credit financier eked out a small net profit in Q3 2024 despite further writing down the value of one of its projects.
Read MoreWCI Markets: CCA sentiment sours ahead of Q4 auction
California Carbon Allowances (CCA) futures sold off sharply through the week ahead of the last quarterly allowance sale – with traders concerned over the lack of movement on the regulatory front from ARB – diverting attention away from the increase in Washington Carbon Allowance (WCA) prices.
Read MoreAlberta uses C$40 mln from carbon market to attract low emissions innovations
The Canadian province of Alberta announced on Wednesday a C$40 million ($28.5 mln) investment that seeks to advance early- and late-stage low emissions products expected to increase the competitiveness of manufacturing and resource sectors in the region.
Read MoreUPDATE – COP29: California requests Quebec to delay draft WCI cap-and-trade regulations till Q1 2025
Quebec will publish draft amendments to its cap-and-trade programme in early 2025 on request of a delay from California, the Quebec environment minister told Carbon Pulse on the sidelines of COP29.
Read MoreCOP29: Canadian oil and gas emissions cap not expected to survive legal challenge, Alberta stakeholders say
Alberta government and industry were sceptical of the viability and effectiveness of Canada’s emissions cap on its oil and gas sector, highlighting instead the success of provincial emissions reductions efforts on the sidelines of COP29.
Read MoreARB’s latest two-week offset outlay offers under 10% of DEBs
California regulator ARB’s latest issuance of compliance-eligible offsets was the smallest since the end of June with slim pickings of this distribution having direct environmental benefits (DEBs) to the state, agency data released Wednesday showed.
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