Canadian economy will fall behind if climate policy uncertainty persists, experts say
Despite Canada’s portfolio of climate regulations, the ongoing lack of climate finance policy is a risk to the Canadian economy, particularly as other jurisdictions advance on their efforts, experts said on a webinar Tuesday.
Read MoreCalifornia defends clean vehicle standard authority against SCOTUS appeal
California filed a brief Monday in the US Supreme Court (SCOTUS) urging that it toss out an appeal by Republican states and energy industry interests to overturn the state’s longstanding authority to set clean vehicle standards stricter than federal equivalents.
Read MoreCoca-Cola, Bayer plow $1 mln into LATAM climate fund
Coca-Cola and the Bayer Foundation are backing a new climate fund with a total $1 million investment that aims to invest in 350 projects across Latin America and the Caribbean.
Read MoreSouth Carolina AG sides with oil industry in climate-related lawsuit
South Carolina’s Attorney General (AG) has backed oil and gas firms in a lawsuit brought by a city that seeks compensation from fossil fuel companies for the impacts of their alleged climate deception and environmental negligence.
Read MoreCanadian investment firm makes first SAF plunge with $1.1 bln backing
A major Canadian investment company announced its first foray into sustainable aviation fuels Tuesday with a $1.1 billion investment in a Californian low-carbon electrofuels (efuels) developer.
Read MoreSovereign carbon buyers to press ahead with Article 6 deals despite lack of UN clarity
Sovereign buyers of Article 6 carbon credits plan to press ahead on fleshing out agreements with host nations despite a lack of clarity on several key trade technicalities, describing capacity constraints as presenting as a greater obstacle to ramping up much-needed unit supply.
Read MoreEuro Markets: EUAs tumble to 7-week low as natural gas comes under pressure, options expiry looms
European carbon allowances dropped sharply on Tuesday as natural gas prices fell as much as 6.1% on diminishing concerns that US Gulf production might be impacted by an approaching tropical storm, while the looming September EUA options contract expiry was said to be starting to exert a pull on prices.
Read MoreAuthors of controversial paper on Indigenous territories respond to debate
Researchers have responded to criticism about their paper discussing the percentage of biodiversity found in territories managed by Indigenous Peoples (IPs).
Read MoreBig tech company snags lowest price yet for DAC removal credits
A big tech giant has struck a deal to purchase direct air capture (DAC) removal credits for the cheapest price on record – $100 per tonne – starting in the early 2030s, it announced on Tuesday.
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