US investment firm seeks funding for carbon projects in the Congo Basin
A New York-based investment firm is seeking funding from corporations and individuals to develop REDD+ carbon projects in the Congo Basin, the company has announced.
Read MoreVermont, oil and gas industry wrangle in fossil fuel compensation lawsuits
Vermont remains embroiled in a pair of lawsuits against the fossil fuel industry – a challenge to its climate superfund legislation and the other case involving the state’s pursuit of compensation from oil and gas companies.
Read MoreUS biodiesel, renewable diesel set for prosperous year after 2024 growth
The US is slated to have surpassed 5 billion gallons of biodiesel and renewable diesel (RD) consumption in 2024, and that momentum is expected to carry into 2025 as sectors continue adopting green fuels.
Read MoreUS Treasury finalises hydrogen production tax credit rules
The US Department of Treasury (DOT) and the Internal Revenue Service (IRS) released on Friday final federal guidance on eligibility for income tax credits in the production of hydrogen established by the Inflation Reduction Act (IRA).
Read MoreClimate finance alliance announces CEO-led restructuring
The UN-launched financial alliance announced its restructuring on Friday along with a shift in focus to address barriers to mobilising capital.
Read MoreNew study finds high-potential solar sites in US overlap with critical habitats
The growing renewable energy development in high-potential Southwestern US territories could negatively impact already threatened wildlife, a study published Thursday said.
Read MoreRepublican states, oil major petition SCOTUS in fossil fuel lawsuits
A group of Republican-led states and a global oil major continued their fight against separate lawsuits looking to hold fossil fuel companies financially liable for the effects of climate change in briefs submitted in December to the US Supreme Court (SCOTUS).
Read MoreWCI Markets: CCA, WCA activity thins through holidays
Secondary market California Carbon Allowances (CCA) and Washington Carbon Allowances (WCA) futures and options transaction volumes declined over the Christmas and New Year holidays, with traders expecting activity to pick up early next week.
Read MoreAccounting standards board proposes unified US rules for carbon offsets, credits
The Financial Accounting Standards Board (FASB) launched a 90-day public comment process for proposed updates to its unified accounting standards for environmental credits, including carbon offsets.
Read MoreCalifornia CCS project developer receives state’s first permits for CO2 storage
A subsidiary of a California oil and gas company received the state’s first permits authorising CO2 storage on Tuesday from the EPA, enabling the developer to move forward with construction of its carbon capture and sequestration (CCS) project, despite an outstanding legal challenge from environmental groups.
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