WCI Markets: CCAs hover above $30 with limited upside

Published 02:14 on February 7, 2025  /  Last updated at 02:14 on February 7, 2025  / and /  Americas, Canada, US

Benchmark California Carbon Allowance (CCA) prices found support around the $30-handle, but traders questioned whether this level would sustain ahead of the first quarterly permit sale in a few weeks, while activity in Washington Carbon Allowances (WCA) was limited.

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Iowa Republican lawmakers pitch policy package restricting CO2 pipelines

Published 01:32 on February 7, 2025  /  Last updated at 01:32 on February 7, 2025  / /  Americas, US, Voluntary

A group of Iowa House Republicans introduced several bills on Thursday that aim to put new regulations on CO2 pipeline development.

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US rescinds $4 bln in pledged funding for Green Climate Fund, removes climate stress testing from banks

Published 23:21 on February 6, 2025  /  Last updated at 23:21 on February 6, 2025  / and /  Americas, Asia Pacific, EMEA, International, Nature-based, US, Voluntary

The administration of US President Donald Trump has rescinded previously pledged funding to the UN’s Green Climate Fund (GCF) amounting to some $4 billion, alongside a pullback of voluntary climate risk determinations from major US banks.

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US DOE to advance Trump’s inauguration plans

Published 23:09 on February 6, 2025  /  Last updated at 23:09 on February 6, 2025  / /  Americas, US, Voluntary

The US Secretary of Energy appears to be making good on President Donald Trump’s promise to “unleash” fossil fuels with a new order moving forward plans announced in the president’s inaugural speech.

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New Jersey judge dismisses state’s climate lawsuit against oil companies

Published 22:10 on February 6, 2025  /  Last updated at 22:10 on February 6, 2025  / /  Americas, US

A New Jersey state judge has dismissed a lawsuit filed against several oil giants that sought to hold the oil companies liable for alleged damages wrought by climate change.

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US stops funding for LEAF Coalition amid wider foreign aid suspension

Published 15:21 on February 6, 2025  /  Last updated at 15:21 on February 6, 2025  / /  Americas, Asia Pacific, EMEA, International, Nature-based, US, Voluntary

Washington has suspended funding for the forest finance LEAF Coalition initiative as part of a wider withdrawal from foreign aid under the new administration of President Donald Trump.

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Forest Stewardship Council verifies biodiversity benefits of first US-based project

Published 12:01 on February 6, 2025  /  Last updated at 00:11 on February 6, 2025  / /  Americas, Biodiversity, US, Voluntary

A carbon removal developer with huge offtake support verified the first US-based afforestation (ARR) project through the Forest Stewardship Council (FSC), it announced Thursday.

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Carbon removal developer opens pilot plant in Hawaii

Published 11:00 on February 6, 2025  /  Last updated at 01:27 on February 6, 2025  / /  Americas, EMEA, US, Voluntary

A carbon removal company announced the start of operations at its pilot plant in Hawaii on Thursday.

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North American Clean Fuels Markets: Federal policy uncertainty looms over programmes

Published 03:10 on February 6, 2025  /  Last updated at 03:10 on February 6, 2025  / , and /  Americas, Canada, RINs & LCFS, US

California’s Low Carbon Fuel Standard (LCFS) credit prices moved higher even as the programme’s surplus bank hit a new high in Q3 2024, but market observers remained cautious about the impact of ongoing political turbulence in the US and Canada on clean fuel schemes.

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Judges question standing in case challenging Louisiana’s CO2 well permitting programme

Published 01:50 on February 6, 2025  /  Last updated at 01:50 on February 6, 2025  / /  Americas, US

A panel of appellate judges questioned whether a group of environmentalists had standing to challenge the US EPA over its recent decision to grant Louisiana authority over the permitting process for CO2 injection wells.

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