Washington offers under 10% of annual emissions budget in inaugural carbon auction
The Washington State Department of Ecology (ECY) will make available fewer than 10% of the state’s 2023 GHG cap at the jurisdiction’s first ever cap-and-invest sale in February, according to an official notice published Tuesday.
Read MoreVerra offers proof of backlog struggle as carbon credit pipeline builds
Offset standard developer and manager Verra on Wednesday provided further insight into the substantial number of project listings and verifications this year causing a backlog of VER issuances, and said it would provide further documentation to stakeholders to ward off potential delivery risk for commercial contracts.
Read MoreCanadian tech company offers C$10 mln in VER convertible notes
A Canadian green technology company on Tuesday announced a private placement for C$10 million ($7.5 mln) in notes that will be convertible into VERs from its equipment to reduce vehicle emissions.
Read MorePlatform offers 9 mln national-scale carbon units, bigger volumes loom
Some nine million national-scale deforestation reduction credits have again been made available to the voluntary carbon market this week, with initial buying limited but far greater potential volumes promised within weeks.
Read MoreCalifornia governor offers plan to extend life of Diablo Canyon nuclear plant
California Governor Gavin Newsom (D) circulated draft legislation on Friday to offer utility Pacific Gas & Electric (PG&E) a loan to preserve the Diablo Canyon Power Plant for another decade, as separate bill languages come together to raise the state’s 2030 GHG reduction target.
Read MoreOnline marketplace for carbon sinks projects offers to pre-purchase credits
An online marketplace has launched a service to help carbon sink projects into the voluntary carbon market, which will involve buying future credits generated by the scheme in advance.
Read MoreCarbon removal startup acquires funds for ocean-based pilot projects, offers carbon credits
A Nova Scotia-based carbon removal startup has raised nearly $8 million to build pilot facilities to deploy its proprietary carbon transition technology, which aims to speed up the earth’s natural process of removing carbon from the air and safely storing it in the ocean, the company announced on Friday.
Read MoreLCFS Market: California prices fall into $140 range as offers abound
California Low Carbon Fuel Standard (LCFS) credit values dug even deeper multi-year lows on Friday as traders said several kinds of market participants were seen unloading credits.
Read MoreLCFS Market: California prices bounce back from 2.5-mth low as offers rise
California Low Carbon Fuel Standard (LCFS) credit values lifted off recent lows this week, though market participants reported large offers were backing up in light of the uptick.
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