Washington’s cap-and-invest participation continues to increase despite programme repeal risks
The number of entities registered with active accounts in Washington’s cap-and-trade programme once again increased in an early look at Q3 data, despite the lack of clarification from the regulator regarding the worth of allowances if the scheme is repealed through the ballot initiative.
Read MoreUS can reach 65% emissions reduction by 2035 with strong subnational support -study
The US has a pathway to cut emissions by 65% from 2005 levels by 2035 and meet its climate goals under the Paris Agreement if there is an “all-of-society” approach, according to a new study.
Read MoreNatural gas necessary bridge fuel in US grid decarbonisation, CCS not yet commercially viable -report
Natural gas will remain important to bridge the gap in energy demand for “many decades” as the US grid expects greater additions of solar and wind power, but carbon capture technology is not yet commercially competitive, according to a study published Monday by a US public policy think tank.
Read MoreEnvironmental group sues Vermont for alleged failure to comply with state climate law
The Vermont chapter of a New England-focused environmental group filed a lawsuit against the state agency, alleging failure to comply with greenhouse gas (GHG) reduction-related requirements under its climate law.
Read MoreMorgan Stanley IM closes climate private equity fund at $750 mln
Morgan Stanley Investment Management announced Monday that it closed its climate-targeted private equity fund at $750 million after attracting investments from firms in Europe, North America, and Japan.
Read MoreVCM Report: Market hopeful for COP29 boost despite weak liquidity
Liquidity continued to drag in the voluntary carbon market in the last week of September amid the distraction of New York Climate Week, although the summit has stirred hopes of a breakthrough at COP29 in November.
Read MoreEuro Markets: EUAs post 6.7% loss in September as options-fuelled rally loses steam
European carbon allowance prices posted their second-worst September performance in the past 10 years as last week’s options-fuelled rally began to unwind while the annual compliance cycle came to an end and energy markets handed back some of their early gains.
Read MoreSaudi firm to launch voluntary carbon exchange at COP29 -media
A state-backed Saudi company created to scale up the voluntary carbon market (VCM) in developing countries will launch a trading platform at COP29 and seek to integrate regional markets, local media has reported.
Read MoreDATA DIVE: Britain’s coal achievement comes against backdrop of ever-increasing global consumption
On Sep. 30, Britain’s last coal-fired power plant in operation, at Ratcliffe-on-Soar in Nottinghamshire, powered electricity to the UK grid for the final time.
Read MoreMajority of buyers prefer carbon removals to avoidance, reductions -survey
A survey of voluntary carbon market (VCM) stakeholders has shown that nearly 90% of buyers do not plan to use ubiquitous reduction or avoidance credits in their corporate decarbonisation strategies.
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