Accounting 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.
Read MoreCalifornia’s voluntary carbon market disclosures compliance kicks in
As of Jan. 1, companies operating within California must disclose their voluntary carbon market participation and net-zero emissions claims online based on state law.
Read MoreCalifornia expected to miss 200 hydrogen fuelling stations by 2025 target – gov’t report
California agency ARB reported that the state’s hydrogen fuelling network struggles with slow development due to compounding challenges across the supply chain, weighing on market uptake of zero-emission vehicles (ZEVs).
Read MoreGlobal emissions set to rise as uncertainty boosts fossil fuel markets in 2025, analysts warn
Global greenhouse gas emissions are expected to rise this year as energy demand growth outstrips clean energy supply growth, analysts said on Thursday.
Read MoreMajor US lenders exit UN-convened net zero alliance
Two US banking giants have announced their departure from a global climate-banking group, joining a growing number of Wall Street firms stepping away in recent weeks and marking a win for Republican lawmakers.
Read MoreAppeals court rejects power producer’s Washington cap-and-trade challenge
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.
Read MoreUS funding package includes $1 bln for forest restoration, conservation
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.
Read MoreUS companies announce agreement on underground carbon storage in Alabama
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.
Read MoreMicrosoft to deploy AI-powered biodiversity monitoring tool next year
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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