US agency guidance limits federal funding halt to climate initiatives
The White House issued further guidance on executive actions from the new US administration, which halted the disbursement of funds appropriated under the Inflation Reduction Act (IRA) and the Infrastructure Investment and Jobs Act, among other policies affecting the direction of environmental policy.
Read MoreUS Republican states sue over Biden’s offshore drilling ban ahead of Trump reversal
Attorneys General (AGs) from five Republican states were joined by two oil and gas groups in a challenge to the offshore drilling ban imposed by former US President Joe Biden’s office days before it was reversed by the administration of newly inaugurated President Donald Trump.
Read MoreVCM ratings agency introduces platform to evaluate crediting programmes
A carbon credit ratings company has introduced a new platform that allows traders to evaluate the registries and crediting programmes within the voluntary carbon market (VCM).
Read MoreUS foundation to invest $500k to support TNFD expansion
A major US philanthropic foundation is throwing its support behind the Taskforce on Nature-related Financial Disclosures (TNFD) with $500,000 in grants, it announced Wednesday.
Read MoreDAC developer signs agreement with Shell, Mitsubishi for facility in Louisiana
A developer of direct air capture (DAC) technology has signed an agreement with Shell US Gas and Power and the American arm of Mitsubishi Corp. to act as a key technology provider for the Pelican – Gulf Coast Carbon Removal DAC Hub in Louisiana.
Read MoreMicrosoft seals large deal for 3.5 mln Amazon rainforest carbon credits in bid to offset AI emissions
Microsoft will buy an estimated $200 million worth of carbon credits to restore parts of Brazil’s Amazon and Atlantic forests amid a surge in emissions driven by artificial intelligence, it was announced on Wednesday.
Read MoreQuebec considers green economy rollbacks after President Trump’s executive actions -media
Quebec’s green economy plan may shift after US President Donald Trump signed a slew of executive orders immediately following his inauguration, but the province’s carbon market is not an area of concern, local media reported Tuesday.
Read MoreCalifornia needs legislative clarity on carbon management, consideration of cost containment, state watchdog says
California’s carbon market watchdog encouraged lawmakers to better elucidate the development of carbon management, environmental justice proposals, and cost containment of the state’s cap-and-trade programme, in a number of recommendations published Thursday.
Read MoreRGGI Weekly: Frigid weather fuels RGA brief rebound, risks ahead
RGGI allowances (RGAs) in the secondary market stepped higher all through last week as a cold spell blanketed the US Northeast, but traders expect near-term headwinds ahead for prices.
Read MoreEPA grants West Virginia authority over permitting CO2 storage wells
The US EPA has approved West Virginia’s application for primary enforcement authority over Class VI injection wells, enabling the state to regulate CO2 storage projects.
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