US DOE awards more than $71 mln to 16 regional DAC hub projects
A national laboratory of the US Department of Energy (DOE) announced Wednesday that it has awarded over $71 million to 16 regional direct air capture (DAC) hub projects across the US.
Read MoreANALYSIS: Voluntary carbon market must stop ‘infighting’ and own the narrative to usher in new era
Changing the narrative, such as dropping ‘offsetting’ language, will be crucial to navigating a successful transition away from years of scandal for the voluntary carbon market, but this will be contingent on the sector coming together and controlling the narrative, experts told a conference this week.
Read MoreBRIEFING: Peru is open for carbon business, say officials
Peru supports voluntary carbon market (VCM) growth and will work with the private sector to boost domestic supply and demand, according to two newly-appointed officials heading up public agencies.
Read MoreAnalysts slash UKA price forecast after govt proposes delay to second phase
Analysts from a consultancy have slashed their forecast for UK Allowance prices in 2025 by 9% and their 2026 outlook by 13% after the British market regulator sought views on a plan to delay the start of the market’s second compliance phase by one year to align any changes in supply with the start of the country’s carbon border tariff.
Read MoreWashington outlines ODS protocol considerations for updates to cap-and-invest offsets rulemaking
Washington’s Department of Ecology (ECY) detailed preliminary proposals for revisions to its Ozone Depleting Substances (ODS) protocol under its cap-and-trade programme, incorporating changes to increase stringency based on the best available science.
Read MoreColombia-based carbon standard applies to ICVCM for integrity label eligibility
An international carbon standard based in Colombia has applied to the Integrity Council for the Voluntary Carbon Market (ICVCM) for programme eligibility under its Core Carbon Principle (CCP) system.
Read MoreBRIEFING: High integrity in nature-based credits still major challenge even with standards reform, say experts
Determining “high integrity” in nature-based credits remains a major challenge even with ongoing reforms to carbon standards, experts told an industry conference on Wednesday.
Read MoreEuro Markets: EUAs set new 6-month low but end day marginally higher as market seeks direction
European carbon prices extended their recent lows in choppy trading on Thursday but ended the day marginally firmer, shrugging off rising energy prices in the afternoon amid growing geopolitical tensions in the Middle East, while UKAs snapped an eight-day losing streak.
Read MoreEurope to ramp up LNG imports next year if Russian gas transit stops, says IEA
Europe will likely need to import more liquefied natural gas next year, tightening global gas fundamentals, if Russian gas supplies through Ukraine are stopped entirely, the International Energy Agency (IEA) has warned.
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