Korean steelmakers may face US tariffs as extra carbon permit allocation deemed subsidy
Top steelmakers in South Korea could face additional tariffs imposed by the US, as extra permit allocation to steel companies under the Korean emissions trading scheme is considered to constitute a subsidy, according to a recent judicial decision.
Read MorePolicy reform needed to mitigate carbon price impact on California energy costs, state watchdog says
While California’s cap-and-trade programme raised energy costs in 2023, lawmakers have a number of policy options to use revenues to better support consumers through the energy transition, the state’s carbon market watchdog said Thursday.
Read MoreNew York court dismisses city’s climate lawsuit against fossil fuel companies
The City of New York has effectively lost its lawsuit against several oil giants, failing to prove their claim that the companies misled consumers in marketing of climate-friendly practices, according to a decision filed in state court on Tuesday.
Read MoreAttorneys General from 23 Republican states sue EPA over methane tax
The Attorney General of Texas led 22 other states in a lawsuit against the US EPA, alleging that the agency exceeded its authority in implementing a fee for excess methane emissions.
Read MoreInvalidation expires for nearly 3 mln CCOs along with robust ARB first offset outlay of 2025
The invalidation period of about 3 million credits expired during California regulator ARB’s first bi-weekly compliance-eligible offset issuance of 2025, agency data showed.
Read MoreCFTC: Investors trim exposure in CCAs, RGGI, LCFS markets
Financial entities reduced net length in V25 California Carbon Allowances (CCA), RGGI Allowances (RGA), and Low Carbon Fuel Standard (LFS) futures and options as volatility spiked in the secondary market, according to data from the US Commodity Futures Trading Commission (CFTC) on Friday, which also revealed a bearish picture for the group’s Washington Carbon Allowance (WCA) vintage 2025 holdings for the first time.
Read MoreCarbon storage building materials could absorb half of world’s annual CO2 -study
Tweaking conventional building materials to absorb CO2 could boost carbon storage capacity to half of the world’s emissions annually, a new scientific study estimated.
Read MoreUS DOE awards $1.7 bln to green hydrogen producer
The US DOE awarded a $1.7 billion loan guarantee to a New York-based green hydrogen company close to one year after the company suffered from cashflow issues that nearly sent it into bankruptcy.
Read MoreFEATURE: EU may lose out on US LNG imports under Trump, prompting a rethink
LNG trade may cease to be a bargaining chip in relations between Brussels and Washington under the next Trump administration, forcing the EU to rethink its energy transition plans for the coming years, according to experts.
Read MoreINTERVIEW: Startup capturing CO2 from the ocean touts mechanism to curb energy use
A direct ocean capture startup claims to have a unique way to use curtailed renewable energy to power the majority of its energy use, significantly reducing its drain on the electricity grid.
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