New Zealand cancels controversial annual ETS forestry charges for this year
The New Zealand government has scrapped this year’s annual service charges for forestry under the emissions trading scheme.
Read MoreKorean investors still cautious on the voluntary carbon market amid insufficient policy guidance
Investors in South Korea remain cautious about making a foray into the international voluntary carbon market, given the absence of government guidance and slow trades of domestic emissions permits, an event heard this week.
Read MoreHigh number of ACCU projects claiming for the first time, regulator data shows
Applications from projects looking to receive Australian Carbon Credit Units (ACCUs) totalled 4.3 million units at the end of the Q1, with many claiming for the first time, according to data published by the Clean Energy Regulator (CER) Friday.
Read MoreUS federal court rules Oregon county case against fossil fuel companies can proceed within the state
A US federal district court sided with an Oregon county’s motion to hear its case against fossil fuel companies in a state court.
Read MoreBrazilian Senate committee approves national green hydrogen framework
The Brazilian Senate’s Special Committee on Green Hydrogen advanced a bill Wednesday establishing a regulatory framework for energy sources that includes incentives designed to promote the nation’s industry.
Read MoreMajor Canadian banks will continue to finance oil and gas as part of the energy transition
Canada’s five major banks are committed to serving their oil and gas clients towards long-term net zero goals, executives said before a parliamentary committee on Thursday, as elected officials questioned the specifics of the firms’ climate goals.
Read MoreWCI Markets: CCAs consolidate, WCAs upbeat post strong Q2 auction
California Carbon Allowance (CCA) prices stabilised after last week’s price rout, while trade in Washington Carbon Allowances (WCAs) in the secondary market picked up after a strong second quarterly auction result.
Read MoreAustralian telco announces move away from carbon credit use, increases emissions reduction targets
Australia’s largest telecom company Telstra announced Friday it will no longer purchase carbon credits, choosing instead direct investments to reduce its emissions footprint as well as increasing its Scope 1 and 2 emissions reduction targets.
Read MoreRise in US biofuels production could worsen air quality, particularly in disadvantaged communities -non-profit
Increasing support for US biofuels production – including renewable diesel (RD) and ethanol – as more sustainable alternatives to petroleum-based counterparts, overlook their impact on air quality, particularly in rural Midwestern communities, analysis by an environmental non-profit found.
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