California LCFS takes the spotlight during contentious environmental justice meeting
Discussions surrounding California’s cap-and-trade programme took a backseat as a joint meeting Thursday between regulator ARB and the Environmental Justice Advisory Committee (EJAC) focused largely on shortfalls in proposed changes to the state’s Low Carbon Fuel Standard (LCFS).
Read MoreSoaring summer temperatures push California power sector emissions higher YoY in June, July
California’s power sector emissions rose above 2023 levels in June and July with a rise in natural gas power generation and a concurrent decline in the share of renewables as the state sweltered under record temperatures.
Read MoreWCI Markets: CCAs drift awaiting programme updates from ARB
California Carbon Allowance (CCA) prices lacked direction as volatility eased through the week with markets awaiting programme updates from ARB, while Washington’s third quarterly auction cleared in the middle of market expectations.
Read MoreAustralia and Germany sign €400 mln H2 funding cooperation agreement
Australia and Germany have signed a A$660 million (€400 mln) agreement to deepen their cooperation on green hydrogen supply chains and guarantee European buyers for Australian hydrogen producers, the two countries announced Friday.
Read MoreBC Premier Eby pledges to scrap province’s carbon tax if Canadian federal mandate is removed
British Columbia Premier David Eby on Thursday announced that his government would end the province’s carbon tax if the Canadian federal government removes its legal requirement for provinces and territories to maintain one.
Read MorePaying for overseas carbon credits to meet 2030 NDC “not realistic”, NZ minister says
New Zealand’s Minister for Climate Change Simon Watts said it wouldn’t be “realistic” for his country to simply pay for the overseas carbon credits it will need to meet its 2030 international climate target.
Read MoreINTERVIEW: Peruvian response to EU rules opens door to more deforestation, not less
Peruvian legislation passed shortly after the EU Deforestation Regulation (EUDR) has deliberately misconstrued the latter’s due diligence requirements to expand agricultural land titling, thereby encroaching on the Amazon, according to the author of a report on Peruvian land concessions.
Read MoreBrazilian national development bank launches $180 mln credit line for forestry investments
The national development of Brazil announced Thursday the launch a R$1 billion ($180 million) credit programme aimed investments in forestry activities that promote native vegetation and capture CO2 from the atmosphere.
Read MoreUS Department of Energy to provide up to $500 mln for 1PointFive’s South Texas DAC Hub
1PointFive, a subsidiary of oil firm Occidental, has secured up to $500 million in funding from the US Department of Energy’s Office of Clean Energy Demonstrations (OCED) to support the development of its South Texas Direct Air Capture (DAC) Hub.
Read MoreWashington state prioritises additionality, regionality in upcoming CFS amendments
Staff at Washington state’s Department of Ecology (ECY) reviewed forthcoming Clean Fuel Standard (CFS) updates that will incentivise new decarbonisation projects over older ones, showing preference for those that impact the Pacific Northwest (PNW), during a pair of public rulemaking webinars over the past week.
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