CP Daily: Tuesday September 17, 2024

Published 09:07 on September 18, 2024  /  Last updated at 09:07 on September 18, 2024  /  Newsletters

A daily summary of our news plus bite-sized updates from around the world.

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Clean fuel credit price volatility not on the radar for Oregon, Washington regulators

Published 08:57 on September 18, 2024  /  Last updated at 08:57 on September 18, 2024  / and /  Americas, RINs & LCFS, US

Volatility in clean fuel credit prices this year is a reflection of client demand for credits and not a factor considered in ongoing rulemaking, the regulators of the US clean fuels programmes in Oregon and Washington told a conference on Tuesday.

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Rio Tinto brings in local carbon business for tree planting trial for renewable diesel

Published 06:32 on September 18, 2024  /  Last updated at 06:32 on September 18, 2024  / /  Asia Pacific, Australia, Voluntary

Mining giant Rio Tinto is partnering with an Australian carbon abatement business on a renewable diesel pilot project using a particular kind of seed oil for fuel switching to help decarbonise its operations. 

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Unpublished Chubb review submission slams Australia’s carbon industry, calls for CAC exit decision to be referred to NACC

Published 06:00 on September 18, 2024  /  Last updated at 06:00 on September 18, 2024  / /  Asia Pacific, Australia

A blistering unpublished submission to the Chubb review on Australia’s carbon market that was run by local media Wednesday has decried what it said was a “self-congratulatory, inward looking, anti-competitive” industry.

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ARB to decide on shortlist of options to California ETS budget cuts in weeks

Published 05:37 on September 18, 2024  /  Last updated at 05:37 on September 18, 2024  / /  Americas, Canada, US

California regulator reiterated their commitment to release a 45-day package for the cap-and-trade rulemaking “in weeks” at a conference on Tuesday.

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US IRA tax credits need refined carbon intensity scoring methodology -panel

Published 02:57 on September 18, 2024  /  Last updated at 02:57 on September 18, 2024  / /  Americas, RINs & LCFS, US

The US Internal Revenue Service (IRS) should refine carbon scoring systems related to the various clean energy tax credits within the Inflation Reduction Act (IRA) as the agency continues hammering out guidelines for its implementation, a panellist said during a Tuesday conference.

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Pennsylvania Senate votes to repeal RGGI regulation

Published 00:28 on September 18, 2024  /  Last updated at 00:28 on September 18, 2024  / /  Americas, US

Pennsylvania’s Republican-majority Senate voted along party lines Tuesday to repeal the state’s RGGI regulation, and the proposal will now be sent to the Democrat-controlled House of Representatives.

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Canadian biofuels company to invest $1.4 bln in CCS-equipped US production facility

Published 00:09 on September 18, 2024  /  Last updated at 00:11 on September 18, 2024  / /  Americas, US, Voluntary

A Canadian company will invest almost $1.4 billion into a US Gulf Coast renewable biofuels production facility, which will include capacity for carbon capture and sequestration (CCS) and ability to generate voluntary carbon offsets, it announced Tuesday.

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Corporate emissions-measuring stagnating, target-setting backsliding, shows survey

Published 00:01 on September 18, 2024  /  Last updated at 14:59 on September 17, 2024  / /  Americas, Asia Pacific, EMEA, Voluntary

The number of corporates measuring their emissions is stagnating globally, while those setting comprehensive emissions targets is backsliding, shows a survey published on Wednesday.

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EXCLUSIVE: Kenya teams up with global analytics firm to build REDD+ carbon registry

Published 00:01 on September 18, 2024  /  Last updated at 22:19 on September 17, 2024  / /  Africa, EMEA, International, Nature-based, Paris Article 6, Voluntary

Kenya has partnered with an international energy analytics firm to establish a REDD+ carbon registry.

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