Alberta TIER emissions rise as usage of offsets, EPCs for compliance reaches all-time high in 2023
Higher emissions in 2023 under Alberta’s Technology Innovation and Emission Reduction (TIER) programme resulted in increased usage of offsets and emission performance credits (EPCs), according to a compliance report published Monday.
Read MoreGlobal solar installations smash expectations, rising almost a third year-on-year
Global solar installations exceeded most industry forecasts in 2024, with 593 GW expected to be added by the end of the year, according to analysis by a global energy think tank.
Read MoreFrontier strikes $4.5 mln in pre-purchase deals for carbon removals
The buyers club Frontier has facilitated its fourth round of carbon removal (CDR) pre-purchases, with $4.5 million spent on credits from nine project developers, including first-of-their-kind deals in India and Africa.
Read MoreARB to decide on shortlist of options to California ETS budget cuts in weeks
California regulator reiterated their commitment to release a 45-day package for the cap-and-trade rulemaking “in weeks” at a conference on Tuesday.
Read MoreDAC developer, non-profit partner to unlock philanthropic funding for burgeoning carbon removals industry
A major direct air capture (DAC) technology developer has partnered with a non-profit dedicated to supporting the carbon removals industry to harness philanthropic capital, creating a new avenue for individuals and organisations to contribute to removal efforts while receiving tax benefits.
Read MoreCFTC: Financials stick with V25 CCA thesis, RGGI slides into shoulder season
Financial entities continued to bolster V25 California Carbon Allowance (CCA) holdings, reducing exposure to V24s over the week, while traders tempered RGGI net length as shoulder season weakness set in, according to data from the US Commodity Futures Trading Commission (CFTC).
Read MoreCalifornia LCFS takes the spotlight during contentious environmental justice meeting
Discussions surrounding California’s cap-and-trade programme took a backseat as a joint meeting Thursday between regulator ARB and the Environmental Justice Advisory Committee (EJAC) focused largely on shortfalls in proposed changes to the state’s Low Carbon Fuel Standard (LCFS).
Read MoreSoaring summer temperatures push California power sector emissions higher YoY in June, July
California’s power sector emissions rose above 2023 levels in June and July with a rise in natural gas power generation and a concurrent decline in the share of renewables as the state sweltered under record temperatures.
Read MoreWCI Markets: CCAs drift awaiting programme updates from ARB
California Carbon Allowance (CCA) prices lacked direction as volatility eased through the week with markets awaiting programme updates from ARB, while Washington’s third quarterly auction cleared in the middle of market expectations.
Read MoreBC Premier Eby pledges to scrap province’s carbon tax if Canadian federal mandate is removed
British Columbia Premier David Eby on Thursday announced that his government would end the province’s carbon tax if the Canadian federal government removes its legal requirement for provinces and territories to maintain one.
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