US biodiesel, renewable diesel set for prosperous year after 2024 growth
The US is slated to have surpassed 5 billion gallons of biodiesel and renewable diesel (RD) consumption in 2024, and that momentum is expected to carry into 2025 as sectors continue adopting green fuels.
Read MoreUS Treasury finalises hydrogen production tax credit rules
The US Department of Treasury (DOT) and the Internal Revenue Service (IRS) released on Friday final federal guidance on eligibility for income tax credits in the production of hydrogen established by the Inflation Reduction Act (IRA).
Read MoreClimate finance alliance announces CEO-led restructuring
The UN-launched financial alliance announced its restructuring on Friday along with a shift in focus to address barriers to mobilising capital.
Read MoreChina releases two more methodologies ahead of national voluntary carbon market activation
China released two new methodologies for its national voluntary carbon market, ahead of an initial issuance of credits to the market that is expected in the coming weeks.
Read MoreSeveral countries to use international carbon markets to achieve Paris goals, while others keep options open
A handful of mostly developing countries said they intend to use the Article 6 carbon markets to help finance their Paris Agreement climate plans by 2030 — or are keeping open the option to do so, according to the first round of transparency reports to be submitted to the UN every two years.
Read MoreLaunch of £1 mln insetting fund to reward British farmers for sustainable practices
A new £1 million insetting fund has been launched to reward farmers in the UK for adopting sustainable practices, funded by prominent retailers and landowners.
Read MoreNigeria pushes oil companies to advance carbon projects with new regulatory framework
Nigeria’s upstream oil regulator has introduced a regulatory framework requiring oil and gas operators to integrate carbon projects and other decarbonisation strategies into their operations.
Read MoreFurther reforms needed for voluntary carbon markets to help outcome-based finance model hit climate, sustainability goals
Voluntary carbon markets can help mobilise private capital to address climate funding gaps in high-impact sectors, but systemic issues need to urgently be addressed for those markets and the wider outcome-based finance model to realise their full potential, according to a new report.
Read MoreAccounting standards board proposes unified US rules for carbon offsets, credits
The Financial Accounting Standards Board (FASB) launched a 90-day public comment process for proposed updates to its unified accounting standards for environmental credits, including carbon offsets.
Read MoreCalifornia CCS project developer receives state’s first permits for CO2 storage
A subsidiary of a California oil and gas company received the state’s first permits authorising CO2 storage on Tuesday from the EPA, enabling the developer to move forward with construction of its carbon capture and sequestration (CCS) project, despite an outstanding legal challenge from environmental groups.
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