US Forest Service ends rulemaking on old-growth forest preservation
The US Forest Service has withdrawn a proposal that was designed to help safeguard old-growth forests and conserve their carbon sink capacity, drawing cheers from some Republican members of Congress preferring local management of resources.
Read MoreWCI credit glut peaks to new record at the end of 2024 despite full fourth compliance period retirements
California-Quebec joint carbon market participants held a surplus of nearly 409 million excess allowances and offsets in Q4 2024, after emitters met their obligations for the fourth compliance period, according to WCI programme data published Tuesday.
Read MoreBRIEFING: UK to rely heavily on removals and emissions trading to reach its 2050 jet zero target
Only 36% of the UK’s ability to achieve net zero emissions in aviation by 2050 will come from low-carbon fuels and technologies and improved fuel efficiency, with the remainder to come from abatement outside the aviation sector and trading under the UK ETS and global aviation offsetting scheme, according to government projections.
Read MoreAI firm secures deal for ‘underground’ nuclear power plant in the US
An infrastructure company looking to service power-hungry data centres has struck a partnership with a startup US nuclear power firm to build a new reactor deep undergound, in the hope of reducing growing carbon emissions from artificial intelligence.
Read MoreBRIEFING: California Diablo Canyon nuclear plant owner supports motion to dismiss lawsuit against US DOE funding
The owner of California’s Diablo Canyon nuclear plant filed a brief earlier this week in support of US DOE’s motion to dismiss an environmental NGO’s case against the agency for approving a $1.1 billion loan to prolong the facility’s operations.
Read MoreRepealing US clean energy tax credits would save $852 bln in next decade -report
A Republican-led Congress is likely to revisit the Inflation Reduction Act (IRA) as part of broad tax reform, as the cost of the 22 clean energy tax credits almost doubles with EPA’s new emission rules, according to analysis from a conservative US think-tank.
Read MoreUS orphaned well non-profit launches insurance-backed carbon credit programme
A US non-profit dedicated to plugging orphaned oil and gas wells across the country will now offer insured carbon credits from methane abatement, it announced Wednesday.
Read MoreEU methane regulations could hit LNG, but drive low-carbon cargo uptake -analysis
New European regulations on methane imports will pose challenges and possible boons for LNG importers and those planning exports to the continent, according to an analysis published this week.
Read MoreUS Treasury races to finalise clean electricity tax credits before administration change
The US Department of Treasury (DOT) and the Internal Revenue Service (IRS) released on Tuesday final federal guidance on eligibility for income tax credits in the investment and production of clean electricity, days before the start of President-elect Donald Trump’s second term.
Read MoreUS House Republican proposes air pollution permitting bill
The new House Energy and Commerce subcommittee chair introduced a bill on Friday targeting changes to the Clean Air Act (CAA) that could reduce permitting barriers for industrial operations.
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