US timber policy shift raises stakes for forest carbon market, report warns
A dramatic overhaul of US timber policy is set to reshape forest carbon projects in the country, according to a new analysis that highlights possible risks and opportunities in the shifting landscape.
Read MoreRecord renewables added last year, but less than half capacity needed for 2030 targets -report
As much as 740 GW of renewables were added globally last year – a new record – but still under half the amount required to reach 2030 goals, while trade restrictions on the sector increased significantly, fuelling supply challenges, a new report has found.
Read MoreCFTC: Investors reduce exposure to US compliance carbon markets, producers pick up length
Investors reduced their holdings across US compliance carbon markets, while producers opted to build length in California Carbon Allowances (CCAs), RGGI Allowances (RGAs), and Washington Carbon Allowances (WCAs), latest figures from the Commodity Futures Trading Commissions (CFTC) showed Monday.
Read MoreRGGI Market: RGAs jump nearly 10% amid rise in temperatures across US Northeast
RGGI Allowance (RGA) prices soared almost 10% over the week as entities ramped up permit purchases due to higher power burns in light of surging temperatures across the US Northwest heading into the summer.
Read MoreGlobal climate finance passed $2 trillion in 2024 -report
Global climate finance flows reached an all-time high of $1.9 trillion in 2023 and are expected to have surpassed $2 trillion in 2024, according to a report published Tuesday.
Read MoreOver $15 bln lost in US clean energy investment since January -report
US businesses have cancelled or delayed more than $15 billion worth of clean energy projects since January amid proposals to repeal tax incentives, according to a new report released Monday.
Read MoreMorgan Stanley’s 1GT fund leads $30 mln round in methane monitoring firm Insight M
Morgan Stanley Investment Management’s climate-focused private equity strategy, 1GT, has led a $30 million growth equity round in Insight M, a US-based provider of airborne methane emissions monitoring for the energy sector.
Read MoreMichigan asks judge to dismiss DOJ suit targeting states seeking climate damages
The state of Michigan is asking a federal court to dismiss a Trump administration lawsuit to pre-emptively block the state from seeking climate damages from fossil fuel companies, arguing that it cannot sue a state for actions it hasn’t taken.
Read MoreLCAW25: BRIEFING – “We need a bigger stick” to scale up carbon removals market
Financial risk management tools like insurance, policies based on behavioural economics, and clearer long-term demand signals are needed to drive investments and scale carbon removals (CDR), experts told a panel on Monday in London.
Read MoreCanadian CCS developer expands carbon portfolio with C$20 mln hub acquisition
A Canadian carbon capture and storage (CCS) developer has entered a C$20 million ($14.6 mln) agreement to acquire stakes in three carbon storage hubs in Western Canada.
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