RGGI Markets: Compliance demand holds benchmark prices north of $20
Compliance entities continue to support RGGI allowance prices even as transaction volumes in the secondary market declined through the week, with participants reporting lower snow levels likely impacting imported hydro power.
Read MoreDOE dishes out $11 mln for CCS transport infrastructure projects
The US Department of Energy (DOE) announced Monday the allocation of $11 million to four CO2 transport projects across multiple states, as the agency continues to enable large-scale carbon capture and storage (CCS) initiatives.
Read MoreUPDATE – Potential market rules worry traders as allowances sell off on release of ARB workshop slidedeck
California regulator ARB will discuss potential changes to market rules surrounding corporate disclosures and holding limits in their public rulemaking cap-and-trade workshop scheduled Tuesday, according to a slidedeck posted Monday that sparked a sell-off in the secondary market as traders were disappointed over the lack of clarity on where proposed emissions cap adjustments would originate from and cost containment Tier level changes.
Read MoreVCM Report: Creeping optimism in future of voluntary market fails to translate into higher prices
Optimism is creeping back into the voluntary market, although prices and liquidity were steady last week, and some standardized prices slipped lower from already very weak levels.
Read MorePrivate companies lag on net zero commitments, report says
Public companies are well ahead of their private counterparts when it comes to setting emissions reduction targets and net zero pledges, with a far larger proportion of the latter yet to make any, according to a report released Monday.
Read MoreEnergy Transition Accelerator announces steps forward, US to introduce offset guidance soon
The Energy Transition Accelerator (ETA), a US-led jurisdictional carbon crediting programme, on Friday detailed its recent developments, while the top US climate envoy said that federal guidelines for the use of offsets will be published in the coming days.
Read MoreSBTi boss “regrets distress” caused by proposed change to carbon offset use policy
The CEO of the Science Based Targets initiative (SBTi) has reaffirmed the organisation’s dedication to robust science-based decarbonisation standards, saying he “deeply regrets the concern and distress” caused by a proposed change in its policy regarding offsets.
Read MoreRGGI emitters are sole buyers this week, while traders reduce exposure across North American carbon markets
Traders reduced exposure across North American carbon markets this week except for RGGI compliance entities, according to latest data from the US Commodity Futures Trading Commissions (CFTC) released Friday.
Read MoreSupplier sues CO2 pipeline developer for scrapping contract
A CO2 pipeline developer is being taken to court by one of its suppliers for terminating their agreement, amid increasing opposition from permitters and stakeholders that has delayed construction of a major US project.
Read MoreGerman biochar firm enters US partnership to coin voluntary carbon credits from wastewater sludge
A German climate technology firm has entered a partnership in the US to create biochar carbon removals from wastewater sludge disposal.
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