ANALYSIS: Environmental, economic interests converge in US federal CBAM bills
Proposals for various forms of a US carbon border adjustment mechanism (CBAM) are bringing together environmentally focused and economically inclined politicians from opposite sides of the political spectrum, offering a rare glimmer of hope for bipartisan agreement against an increasingly contentious climate-oriented global trade backdrop.
Read MoreTexas and California firms partner to develop SAF using waste CO2
A California low-carbon electrofuels (efuels) developer has agreed to purchase captured CO2 from a Texas energy firm to primarily produce sustainable aviation fuel (SAF), the companies announced Wednesday.
Read MoreBezos Earth Fund to award $100 mln for AI-based climate solutions
US-based Bezos Earth Fund on Tuesday announced $100 million available in grant awards for solutions that use AI to address climate change.
Read MoreCCUS investments may dampen profitability, if cheaper clean alternatives are available -report
Investments in carbon capture and utilisation or storage risk squeezing margins for businesses that use the technology to extend the life of polluting assets when cheaper alternatives are available, according to a research report by Moody’s.
Read MoreJapanese trading company joins Louisiana-based DAC project, eyes 1 mln tonne carbon removals
A major Japanese trading company has announced its participation in a large direct air capture (DAC) project in the US, as it continues to seek opportunities in the carbon removal sector.
Read MoreUS power producer lowers 2042 emissions target, leans back on coal-fired plants
A gas-fired power producer with facilities across several US states has revised its energy portfolio framework finalised less than a year ago, now forecasting fewer CO2 cuts due to delayed retirements of coal-fired units and increased use of gas-powered electricity.
Read MoreRGGI Market: RGAs trade on high volumes as market looks for price equilibrium
RGGI Allowance (RGA) prices wound down from volatile activity in weeks prior but continued to trade at higher volumes last week, driven by compliance demand, market participants said.
Read MoreVCM Report: SBTi spark fizzles out by end of week, voluntary carbon prices little changed, liquidity thin
Prices were little changed last week on low volume, but the Science Based Targets initiative (SBTi)’s sudden change of policy to allow qualifying voluntary carbon credits to be used to offset some corporate emissions could inject a surge of investment and interest in the voluntary market.
Read MoreFormer Xpansiv, ICAP carbon market stalwarts team up to launch new trading firm
Four voluntary carbon market professionals have teamed up to launch a new trading and advisory desk, they said Monday.
Read MoreAmended CCS bill passes Colorado House committee
A bill introduced in Colorado that aims to expand the state’s Energy and Carbon Management Commission’s (CECMC) regulatory authority on carbon capture and storage (CCS) operations passed a legislative committee Thursday with significant amendments.
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