South Korea national oil company to set up CCS business
South Korea’s national oil and gas company has decided to set up a carbon capture and storage (CCS) business, with plans to promote projects both at home and abroad, local media reported.
Read MoreRGGI Market: Few sellers, weather keep RGGI prices bid
Lack of liquidity and near-term weather were some of the main drivers of RGGI Allowances (RGA) in the secondary market this week that traders deliberated as benchmark prices held north of $27.
Read MoreUS party platforms outline potential Harris, Trump presidencies’ environment, energy plans
With the release of the official Democratic platform on Sunday, both major US political parties have now made public they priorities regarding climate, energy, and the environment if they emerge victorious in the November presidential election, although both documents largely aligned with established party policy preferences.
Read MoreBolivian ombudsman’s office joins fray after high court legalises carbon trading
The Bolivian human rights agency has issued a statement in support of the vice presidency’s contest to a court decision that effectively legalised carbon trading in the country after a years-long prohibition.
Read MoreSpaceX partners with non-profit in launch of methane-detecting satellite
US spacecraft company SpaceX launched a methane-detecting satellite on Friday that aims to track methane “super emitters” in partnership with a greenhouse gas-monitoring non-profit.
Read MoreUS DOE announces $127 mln to test industrial carbon capture, conversion
The US Department of Energy (DOE) announced Monday up to $127.5 million in federal funding to support the development of CO2 capture, removal, and conversion test centres for cement manufacturing facilities and power plants.
Read MoreUS Policy Roundup: California carbon bills struggle to cross the finish line
Numerous bills, including those that address CO2 removals (CDR) and the voluntary carbon market (VCM), have stalled in California’s legislature and do not appear likely to become law before the legislative session ends in August.
Read MoreNZ cuts NZU auction volumes by about 50% starting 2025, spot market price surges
The New Zealand government will dramatically cut the volume of NZUs available at auction from next year, and will maintain the auction price floor, in line with the Climate Change Commission’s recommendations, it announced Tuesday.
Read MoreEuro Markets: EUAs settle at 11-week high amid rising demand from coal generation
European carbon allowances advanced to reach their highest settlement in 11 weeks on Monday as demand from coal-fired generation was said to be picking up amid a shift in relative margins from gas to the fuel for some delivery periods, while energy prices also firmed as gas traders continued to fret over storage levels that are now below 2023 levels.
Read More
