Korean securities firm secures partnership for international mitigation projects

Published 08:15 on September 4, 2024  /  Last updated at 08:15 on September 4, 2024  / /  Africa, Asia Pacific, EMEA, South Korea, Voluntary

One of the largest securities firms in South Korea has decided to pursue international emissions reduction projects through a newly established partnership, it announced Wednesday.

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US business group gives advice to EU on CCUS, hydrogen deployment

Published 07:00 on September 4, 2024  /  Last updated at 01:02 on September 2, 2024  / /  Americas, EMEA, EU ETS

Carbon capture, utilisation, and storage (CCUS) and hydrogen technologies have a critical role to play in achieving the EU’s decarbonisation targets, particularly for hard-to-abate sectors, said the American Chamber of Commerce to the European Union in recommendations to the bloc’s policymakers on how to accelerate deployment.

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CP Daily: Tuesday, September 3, 2024

Published 05:21 on September 4, 2024  /  Last updated at 05:21 on September 4, 2024  /  Newsletters

A daily summary of our news plus bite-sized updates from around the world.

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PREVIEW: Washington’s Q3 auction forecasts clouded by programme uncertainty

Published 05:03 on September 4, 2024  /  Last updated at 05:03 on September 4, 2024  / /  Americas, US

Market participants maintained modest expectations for the upcoming Washington Carbon Allowance (WCA) auction on Wednesday in light of ongoing anxiety surrounding the fate of the state’s cap-and-trade scheme.

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PREVIEW: Traders expect discounted RGGI Q3 auction clear, compliance participation key

Published 03:52 on September 4, 2024  /  Last updated at 03:52 on September 4, 2024  / /  Americas, US

Traders favour the Q3 RGGI permit sale to clear at a discount to secondary market prices, with compliance demand a key factor determining the settlement.

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Washington CFS overhauls validation, verification in draft regulation

Published 01:30 on September 4, 2024  /  Last updated at 01:30 on September 4, 2024  / /  Americas, RINs & LCFS, US

Washington’s draft Clean Fuel Standard (CFS) language includes updates to its third-party verification programme and changes to credit generation, according to information published by the Department of Ecology (ECY) on Friday.

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UPDATE – Latest NZ ETS auction sees another bidless round

Published 01:10 on September 4, 2024  /  Last updated at 06:04 on September 4, 2024  / /  Asia Pacific, New Zealand

The third New Zealand ETS auction for 2024 has failed to clear, with not a single bid being submitted, repeating the results of the last permit sale held in June.

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Brazil’s CCS bill passes Senate committee, goes to plenary

Published 18:45 on September 3, 2024  /  Last updated at 18:45 on September 3, 2024  / /  Americas, RINs & LCFS, South & Central, Voluntary

A Brazilian Senate committee approved on Tuesday a long-awaited bill with key carbon capture and storage (CCS) elements, sending it to plenary.

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UK acknowledges flagship carbon capture programme faces challenges staying on track

Published 17:41 on September 3, 2024  /  Last updated at 17:41 on September 3, 2024  / /  EMEA, UK ETS

The director of carbon capture and storage (CCS) in the UK government acknowledged at a conference on Tuesday that the country faces challenges meeting its capacity targets.

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VCM Report: Signs of life emerge but voluntary carbon market still yet to spark

Published 17:30 on September 3, 2024  /  Last updated at 17:30 on September 3, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, Voluntary

Signs of life started to emerge in the voluntary carbon market last week, with brokers reporting an uptick in fresh offers and better buying appetite, although prices were little moved and liquidity remained thin.

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