carbon
By Virginia Furness and Kate Abnett BAKU (Reuters) – Countries at the two-week COP29 climate summit gave the go-ahead on Monday to carbon credit quality standards which are critical to launching a U.N.-backed global carbon market that would fund projects that reduce greenhouse gas emissions. The green light was an…
(Reuters) – California regulators will vote on Friday on whether to toughen a policy aimed at boosting low-carbon fuels to slash greenhouse gas emissions from the transportation sector and meet the state’s ambitious climate change goals. The proposed changes to California’s influential Low Carbon Fuel Standard (LCFS), which has been…
By Timothy Gardner (Reuters) – A ballot initiative to ax Washington state’s carbon market would, if passed next week, send an ominous signal to other U.S. states and Canadian regions looking to build markets aimed at cutting emissions that scientists blame for climate change. The carbon market, formed by the…
By Jeslyn Lerh SINGAPORE (Reuters) – At one of the world’s biggest bulk export ports in Western Australia, shippers safely completed the first transfer of ammonia from one vessel to another last month, a key test for its adoption as a marine fuel in the push for cleaner energy. The…
By Anthony Boadle BRASILIA (Reuters) – The government of the Brazilian state of Para in the Amazon will consult Indigenous communities on how they will benefit from the future sale of carbon offset credits that U.S. companies have agreed to buy to try to protect the rainforest. In a statement…
(This Oct. 9 story has been corrected to remove a reference to BlackRock (NYSE:) as they are not part of this deal, in paragraph 7) By Anthony Boadle BRASILIA (Reuters) – Indigenous organizations in the Brazilian state of Para said they were not consulted by the government before it signed…
By Jake Spring SAO PAULO (Reuters) – Amazon (NASDAQ:) and other companies have agreed to buy carbon offset credits that will support the conservation of its namesake rainforest in the Brazilian state of Para, in a deal valued at around $180 million. Amazon and at least five other firms will…
Investing.com — Macquarie has initiated coverage on the Australian carbon market, focusing on how it works and its role in Australia’s efforts to cut emissions. As Australia aims to meet its goals under the Paris Agreement, the carbon market, especially through the Safeguard Mechanism, is crucial for reducing industrial emissions. …
By Virginia Furness (Reuters) -Amazon has become the first company to sidestep a global standard for verifying carbon offsets that was developed by a non-profit funded largely by the U.S. technology conglomerate’s founder and executive chair, Jeff Bezos. Amazon (NASDAQ:) is backing the development of a new standard that could…
By Valerie Volcovici WASHINGTON (Reuters) – The U.S. government unveiled on Tuesday its policy for using voluntary carbon credits that seeks to put “guardrails” to boost confidence in a nascent market after some high-profile offset projects failed to deliver the promised emissions reductions. The heads of the Treasury, Energy and…
