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RGGI Market: RGAs battered for second week of 2025

Carbon Pulse - Tue, 2025-01-14 13:31
RGGI allowances (RGAs) in the secondary market continued to lose momentum for the second week of the year, with the benchmark plunging 13.5% since the close of December.
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Net Zero Asset Managers climate financial group suspends operations following BlackRock exit

Carbon Pulse - Tue, 2025-01-14 13:11
The Net Zero Asset Managers (NZAM) initiative - a group of financial institutions focussing on the transition to net zero - has halted some of its activities and launched a review, it announced late Monday, in the wake of high-profile exits and growing political headwinds.
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High allowance prices to drive larger household savings, emissions cuts under New York’s new carbon market -report

Carbon Pulse - Tue, 2025-01-14 11:52
New York’s new Cap-and-Invest (NYCI) programme could deliver significant financial benefits for households across the state, especially under a high allowance price scenario, while also advancing ambitious climate goals, according to a report released Monday.
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LCFS Market: Credit prices stabilise into 2025 after a turbulent year

Carbon Pulse - Tue, 2025-01-14 11:35
US clean fuel programme credit values across West Coast schemes held steady heading into 2025 following a year marked by record surpluses and historically low prices.
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New US alumina production nabs $8.7 mln federal funds to reduce CO2 process emissions

Carbon Pulse - Tue, 2025-01-14 10:37
A California-based company specialising in industrial materials has received nearly $8.7 mln from a federal cost share award towards set up of a commercial demonstration plant to reduce the carbon footprint of the aluminium production process.
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ID Market: IDX Carbon traded volume surpasses 1 MtCO2e, adds three more projects

Carbon Pulse - Tue, 2025-01-14 09:41
Indonesia’s National Carbon Exchange (IDX Carbon) has seen a boost in trading volume in January, with three more projects being added to generate carbon credits.
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Wyoming senate bill profiles CO2 benefits, calls for net-zero repeal

Carbon Pulse - Tue, 2025-01-14 08:50
Wyoming lawmakers introduced a bill in the state legislature on Friday, detailing plans to repeal low-carbon energy standard requirements.
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US EPA reports $78 bln of IRA, BIL funding appropriated since 2022

Carbon Pulse - Tue, 2025-01-14 07:01
The US EPA provided the financial status Monday of more than 70 programmes funded by about $78 billion from the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA).
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SCOTUS declines review of Hawaii supreme court decision in oil and gas lawsuits

Carbon Pulse - Tue, 2025-01-14 04:13
The US Supreme Court declined two oil and gas companies’ requests for the country's highest court to review a Hawaii Supreme Court decision that allowed lawsuits seeking alleged climate-related damages to proceed.
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UK could use nuclear to power turbocharged drive into AI

Carbon Pulse - Tue, 2025-01-14 03:35
Nuclear energy could power the UK’s turbocharged drive to unleash a wave of artificial intelligence technologies across the country by 2030, according to the government.
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South Pole founders to launch new advisory firm for climate startups

Carbon Pulse - Tue, 2025-01-14 03:33
Four South Pole co-founders, including former CEO Renat Heuberger, are set to launch an advisory firm later this month that will focus on scaling sustainability startups, they announced in a statement on the company's new website.
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ACX Brasil handles $16 mln, nearly 4 mln carbon credits in first six months -media

Carbon Pulse - Tue, 2025-01-14 03:28
The Brazilian subsidiary of international carbon exchange ACX, created through a partnership struck last year with Brazil’s B3 stock exchange, handled around R$100 million ($16 mln) in transactions involving nearly 4 mln tonnes of CO2 in its first six months of operation, according to local media.
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Buyers seek higher quality carbon credits, as market sees marginal boost in annual retirements -report

Carbon Pulse - Tue, 2025-01-14 03:10
The voluntary carbon market saw marginally higher retirements in 2024, when taking into account newer registries, amid an underlying shift towards higher quality credits from buyers, according to new analysis of credit retirements published on Monday.
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WTO greenlights EU plans to phase out biofuels, recognises Indonesia’s concerns

Carbon Pulse - Tue, 2025-01-14 02:55
The EU's plan to phase out palm oil and crop-based biofuels is compatible with international market rules, but implementation has to improve, the World Trade Organization (WTO) has established, ruling on a five-year-old Indonesian dispute.
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VCM Report: Shell keeps up retirement spree, jump in North American prices keep voluntary market ticking over

Carbon Pulse - Tue, 2025-01-14 02:45
Shell continued its voluntary carbon credit retirement spree last week to keep the market ticking over, amid a quiet start to the year that is relying on pockets of North American demand to prop up prices.
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