Appeals court rejects power producer’s Washington cap-and-trade challenge

Published 23:24 on December 24, 2024  /  Last updated at 23:24 on December 24, 2024  / /  Americas, US

An appeals court on Tuesday ruled against a power producer’s challenge to free allowance provisions under Washington’s cap-and-trade programme, rejecting the petitioner’s argument that no-cost allowance provisions under the scheme were discriminatory.

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US funding package includes $1 bln for forest restoration, conservation

Published 22:30 on December 24, 2024  /  Last updated at 22:30 on December 24, 2024  / /  Americas, US

The roughly $100 billion continuing resolution passed by Congress and signed into law last week includes over $1 bln in emergency forest conservation and restoration funding for private forest owners impacted by natural disasters.

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US companies announce agreement on underground carbon storage in Alabama

Published 22:07 on December 24, 2024  /  Last updated at 22:07 on December 24, 2024  / /  Americas, US, Voluntary

Two US companies announced on Monday an underground pore space easement agreement for approximately 140,000 acres (56,700 hectares) in Alabama to support carbon storage initiatives.

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Microsoft to deploy AI-powered biodiversity monitoring tool next year

Published 14:09 on December 24, 2024  /  Last updated at 14:09 on December 24, 2024  / /  Americas, Biodiversity, US

Microsoft has announced an AI-powered device aimed at improving biodiversity monitoring, with plans to make it available worldwide in 2025.

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KEY TAKEAWAYS: Bezos Earth Fund’s global roadmap to scale CDR technologies by 2050

Published 03:43 on December 24, 2024  /  Last updated at 03:43 on December 24, 2024  /  Americas, Asia Pacific, EMEA, International, Nature-based, US, Voluntary

The Bezos Earth Fund late last week released a report outlining how to scale CO2 removal technologies by 2050. Here’s a summary of the key takeaways from the 109-page paper.

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Early deployment of CO2 removal technologies crucial for hitting US net-zero target, study finds

Published 02:51 on December 24, 2024  /  Last updated at 02:51 on December 24, 2024  /  Americas, Nature-based, US, Voluntary

Deploying CO2 removal (CDR) technologies in the near term could significantly reduce the economic and environmental risks associated with the US journey to net-zero emissions by 2050, according to a new study.

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Colorado toughens midstream GHG restrictions

Published 00:48 on December 24, 2024  /  Last updated at 00:48 on December 24, 2024  / /  Americas, US

Colorado regulators added further restrictions on natural gas facilities while keeping an eye on how that would impact the development of a carbon credit trading system.

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2025 to be year of uncertainty for energy markets -outlook report

Published 23:22 on December 23, 2024  /  Last updated at 23:22 on December 23, 2024  / /  Americas, Asia Pacific, China, EMEA, International, US

An outlook report indicates that 2025 will be a year marked by more uncertainty for energy markets than any year since the pandemic as conflicts in Ukraine and Gaza remain unresolved and geopolitical rivalry between China and the West ratchets up.

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California diesel sales rise YoY in September, gasoline use continues to fall

Published 23:17 on December 23, 2024  /  Last updated at 23:17 on December 23, 2024  / /  Americas, Canada, RINs & LCFS, US

California diesel consumption in September inched up year-over-year (YoY), rising for the fifth month this year, while gasoline volumes continued their long-standing YoY, state data published Monday showed.

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RGGI Market: RGAs hold above $23 ahead as holiday lull starts to set in

Published 23:12 on December 23, 2024  /  Last updated at 23:12 on December 23, 2024  / /  Americas, US

RGGI allowances (RGAs) continued to hold above the $23 threshold as market activity dampened heading into the holiday season.

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