Quebec pension fund launches investment platform with recently acquired US timberland firm
Quebec’s pension fund on Monday unveiled a new investment platform alongside a US-based landscape investment manager after acquiring a minority stake in the firm.
Read MoreWashington Clean Fuel Standard cumulative credit surplus surpasses 1 mln in Q1 2024
The net credit surplus in Washington’s Clean Fuel Standard (WCFS) surpassed the 1-million mark for the first time in Q1 2024, with growth in renewable diesel (RD) credits surging nearly 60% higher than the last quarter, state data showed.
Read MoreRGGI Market: RGAs give back week’s gains after proposed programme updates
RGGI allowance (RGA) prices plummeted 12.4% Monday upon the release of a long-awaited programme review update from market administrator RGGI Inc., which provided modelling of an additional regional cap trajectory scenario and detailed potential expanding of the Cost Containment Reserve (CCR).
Read MoreCWNYC24: Singapore and US allies attempt to shore up support for nascent transition credit market
In an effort to bolster scale beyond pilot projects, US and Singaporean architects of transition crediting mechanisms vouched for the nascent market’s ability to meet eventual compliance demand during Climate Week NYC on Monday.
Read MoreCWNYC24: BRIEFING – LATAM governments diverge on key negotiating topics as COP29 looms
Latin American and Caribbean governments differed on UN climate conference flashpoints on Sunday in New York, less than two months from COP29 in Baku this November.
Read MoreTech giant buys 15k CDR credits from UK ERW firm
A global tech giant has bought 15,000 CO2 removal credits (CDR) in a second purchase agreement from a London-headquartered enhanced rock weathering (ERW) firm, per an announcement on Tuesday.
Read MoreCWNYC24: Investors still wary of financing “science projects” in the voluntary carbon market
Institutional investors are wary of financing “science projects” and losing their shirts in a nascent voluntary carbon market (VCM) that has already undergone several transformations, and where the make-or-break risks are still high, experts said during Climate Week NYC on Monday.
Read MoreUS election results could be “deeply damaging” to IRA programmes -study
Federal and state policymakers, and climate-focused lending institutions must take advantage of the Inflation Reduction Act (IRA) programmes ahead of a potentially hostile administration, according to a report published earlier this month.
Read MoreUS CO2 conversion firm raises $645 mln for SAF plants
A US-based CO2 utilisation firm has raised $645 million to finance the development of its sustainable aviation fuel (SAF) plants.
Read MoreRGGI’s proposed updates to cost containment volumes sink credit prices
RGGI states issued a notice on Monday with potential plans to almost double Cost Containment Reserve (CCR) permits with a second CCR tier in a new cap trajectory scenario, requesting public feedback to inform final decisions of its Third Program Review.
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