US IRA tax credits need refined carbon intensity scoring methodology -panel
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.
Read MorePennsylvania Senate votes to repeal RGGI regulation
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.
Read MoreCanadian biofuels company to invest $1.4 bln in CCS-equipped US production facility
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.
Read MoreCorporate emissions-measuring stagnating, target-setting backsliding, shows survey
The number of corporates measuring their emissions is stagnating globally, while those setting comprehensive emissions targets is backsliding, shows a survey published on Wednesday.
Read MoreEXCLUSIVE: Kenya teams up with global analytics firm to build REDD+ carbon registry
Kenya has partnered with an international energy analytics firm to establish a REDD+ carbon registry.
Read MoreEU climate policy hasn’t caused carbon leakage, but risks remain -Bundesbank
EU climate policy, particularly the Emissions Trading System (ETS), has not yet triggered significant relocations of energy-intensive production abroad by German firms, according to a new report by the country’s monetary authority.
Read MoreEcuadorian legislature votes to legalise carbon markets
Ecuador’s National Assembly voted 117-20 on Tuesday to legalise carbon markets, some 16 years after constitutional reforms had widely been interpreted as a total ban, sending the legislation to the president for final approval.
Read MoreLatin American alternative asset manager to launch first reforestation fund, with $100-mln Brazil investment goal
One of Latin America’s largest alternative asset managers is launching its first reforestation fund with the aim of raising $100 million to restore degraded land in Brazil through native forest planting and sustainable agriculture.
Read MoreARB confirms second 15-day package for proposed LCFS rules
California regulator ARB will release a second 15-day notice regarding proposed changes to the state’s Low Carbon Fuel Standard (LCFS), an agency official confirmed at a conference Tuesday.
Read MoreJapanese oil and gas firm invests in US-based DAC technology developer
A Japanese oil and gas firm has invested in a North Carolina-based company to support its direct air capture (DAC) technology and help it move from pilot to commercial development.
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