Pennsylvania Senate votes to repeal RGGI regulation

Published 00:28 on September 18, 2024  /  Last updated at 00:28 on September 18, 2024  / /  Americas, US

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.

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Canadian biofuels company to invest $1.4 bln in CCS-equipped US production facility

Published 00:09 on September 18, 2024  /  Last updated at 00:11 on September 18, 2024  / /  Americas, US, Voluntary

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.

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Corporate emissions-measuring stagnating, target-setting backsliding, shows survey

Published 00:01 on September 18, 2024  /  Last updated at 14:59 on September 17, 2024  / /  Americas, Asia Pacific, EMEA, Voluntary

The number of corporates measuring their emissions is stagnating globally, while those setting comprehensive emissions targets is backsliding, shows a survey published on Wednesday.

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EXCLUSIVE: Kenya teams up with global analytics firm to build REDD+ carbon registry

Published 00:01 on September 18, 2024  /  Last updated at 22:19 on September 17, 2024  / /  Africa, EMEA, International, Nature-based, Paris Article 6, Voluntary

Kenya has partnered with an international energy analytics firm to establish a REDD+ carbon registry.

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EU climate policy hasn’t caused carbon leakage, but risks remain -Bundesbank

Published 23:44 on September 17, 2024  /  Last updated at 23:44 on September 17, 2024  /  Carbon Taxes, CBAM, EMEA, EU ETS, International

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.

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Ecuadorian legislature votes to legalise carbon markets

Published 23:27 on September 17, 2024  /  Last updated at 23:27 on September 17, 2024  / /  Americas, Nature-based, South & Central, Voluntary

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.

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Latin American alternative asset manager to launch first reforestation fund, with $100-mln Brazil investment goal

Published 22:59 on September 17, 2024  /  Last updated at 22:59 on September 17, 2024  /  Americas, Nature-based, South & Central, Voluntary

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.

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ARB confirms second 15-day package for proposed LCFS rules

Published 22:43 on September 17, 2024  /  Last updated at 22:57 on September 17, 2024  / /  Americas, RINs & LCFS, US

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.

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Japanese oil and gas firm invests in US-based DAC technology developer

Published 22:38 on September 17, 2024  /  Last updated at 01:16 on September 18, 2024  /  Americas, Asia Pacific, Japan, US, Voluntary

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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US-based steel producer walks back comments wavering on low-carbon production project, $500 mln grant

Published 21:34 on September 17, 2024  /  Last updated at 21:35 on September 17, 2024  / /  Americas, US

The CEO of an Ohio-based steel producer said his company is considering whether to advance a low-carbon steel project that involves a $500 million grant from the US Department of Energy (DOE), although the firm has since reiterated its commitment to the project.

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