California water purifier plant with carbon removal to start up in 2026

Published 15:19 on June 21, 2024  /  Last updated at 15:19 on June 21, 2024  / Roy Manuell /  Americas, US, Voluntary

A California-based water purifier facility with direct air capture (DAC) carbon removal is poised to begin operations in 2026, the firm announced.

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Letters come out for and against SBTi’s Scope 3 emissions proposal

Published 02:05 on June 21, 2024  /  Last updated at 02:05 on June 21, 2024  / Mark Tilly /  Americas, Asia Pacific, EMEA, International, US, Voluntary

A US forest foundation has joined a group of environmental NGOs and carbon project developers urging the Science Based Targets initiative (SBTi) to support the use of carbon credits in Scope 3 emissions abatement, while a group of French NGOs have demanded the organisation abandon the proposal.

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IRA clean energy incentives could be ‘on the chopping block’ with Trump’s re-election -report

Published 01:22 on June 21, 2024  /  Last updated at 01:22 on June 21, 2024  / Justin Gerdes /  Americas, US

If US President Joe Biden is re-elected in November, the Inflation Reduction Act (IRA) is “likely to remain intact”, while a return of former President Donald Trump to the White House “could put some, if not all, of the tax incentives for clean energy on the chopping block,” found a Bloomberg Intelligence report released Tuesday. 

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US Forest Service advances plan to protect old-growth forests

Published 00:21 on June 21, 2024  /  Last updated at 00:21 on June 21, 2024  /  Americas, Nature-based, US, Voluntary

The US Department of Agriculture’s Forest Service is set to publish a draft environmental impact statement for a new national old-growth forest plan amendment on Friday, advancing the Biden administration’s commitment to forest conservation.

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California March gasoline sale lags 2023 levels, diesel picks up once again

Published 00:17 on June 21, 2024  /  Last updated at 00:17 on June 21, 2024  / Bijeta Lamichhane /  Americas, RINs & LCFS, US

California gasoline consumption in March continued to trail levels during the same time last year despite reaching year-to-date (YTD) highs, while diesel surpassed 2023 figures for the month amid the ongoing rise in monthly sales, state data published this week showed.

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WCI Markets: Impatience grows in CCAs, WCAs up on low volumes

Published 23:12 on June 20, 2024  /  Last updated at 23:12 on June 20, 2024  / Allison Gacad /  Americas, Canada, US

California Carbon Allowance (CCA) prices moved lower as market participants looked for direction from California regulator ARB, while Washington Carbon Allowance (WCA) prices picked up on steady offers.

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Gas flaring emissions jumped in 2023 to blow the IEA’s net-zero scenario off track

Published 17:41 on June 20, 2024  /  Last updated at 17:41 on June 20, 2024  / Paddy Gourlay /  International, US

Four countries let gas flaring increase last year, pushing global volumes to the highest level since 2019 and adding an extra 23 million tonnes of CO2 equivalent to the atmosphere.

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EU ETS more effective decarbonisation tool than US Inflation Reduction Act, says bank analyst

Published 10:22 on June 20, 2024  /  Last updated at 10:22 on June 20, 2024  / Roy Manuell /  Americas, Carbon Taxes, CBAM, EMEA, EU ETS, US

Europe’s carbon market sends a stronger decarbonisation signal than Washington’s subsidy-laden Inflation Reduction Act (IRA), an analyst told US television network CNBC Thursday, outlining an EUA price forecast of as high as €130 per tonne by 2028.

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Biorefinery firm finalises CCS agreements for its Nebraska facilities

Published 00:40 on June 20, 2024  /  Last updated at 00:40 on June 20, 2024  / Bijeta Lamichhane /  Americas, Aviation/CORSIA, RINs & LCFS, US, Voluntary

A US biorefinery firm on Tuesday announced it has finalised agreements and equipment orders to deploy carbon capture and storage (CCS) with a 1.2 million tonne capacity at its Nebraska plants.

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Veteran North American carbon, energy trader joins European utility

Published 23:50 on June 19, 2024  /  Last updated at 23:50 on June 19, 2024  /  Americas, Bavardage, Canada, EMEA, US

A veteran North American carbon and energy sales trader has joined one of Europe’s largest utilities.

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