Tagged Posts for Carbon
Embattled Liberty Steel Failed to Pay for Carbon Emitted by Czech Plant
Liberty Steel has not fulfilled its legal obligation to surrender carbon allowances to pay for the carbon emitted in 2023 at its Liberty Ostrava steel plant in the Czech Republic, even though the operator was handed free allowances that far exceeded its emissions, OPIS has learned. Read More
House Tax Draft Includes Extension, Alteration of 45Z Tax Credit
The budgetary package that House Republicans are hoping to pass before Memorial Day includes significant alterations to a tax credit scheme that rewards producers of renewable fuels, according to a version of the bill released on Monday. Read More
Vietnam to Route Carbon Trading Via Securities Firms Ahead of Market Launch
Vietnam will require the trading of emission quotas and carbon credits in its domestic carbon market to be conducted via designated securities firms through the Hanoi Stock Exchange, according to a notice released Tuesday by the Ministry of Natural Resources and Environment. Read More
Maryland and Massachusetts Postpone Zero- Emission Mandate for Trucks
Massachusetts and Maryland -- two of the 10 states that passed California's Advanced Clean Truck Rule -- have delayed enforcement of the stringent emissions targets. The rule requires manufacturers of on-road medium- and heavy-duty vehicles to produce and sell an increasing percentage of zero-emission vehicles from model years 2025 through 2035. Read More
Newsom, Legislature Prioritizing Calif. Cap-and-Trade Program Extension
California Gov. Gavin Newsom announced Tuesday he along with Senate President pro Tempore Mike McGuire and Assembly Speaker Robert Rivas would work together to extend the state's Cap-and Trade Program this legislative year. Read More
Carbon Markets Mixed Monday Amid Energy Executive Order Uncertainty
California Carbon Allowance secondary market prices stumbled Monday morning, sinking further following President Trump's executive order last week targeting state-level emissions reduction efforts. Meanwhile, Regional Greenhouse Gas Initiative prices were up slightly, and Washington Carbon Allowances weakened based on lower offers. Read More
Germany’s Bundestag Votes to Cement 2045 Net Zero Goal in Constitution
The Bundestag, the lower house of Germany's parliament, has agreed to enshrine reaching net zero carbon emissions by 2045 in the country's constitution after a two-thirds majority voted in favor of spending reforms that mark a break with its longstanding fiscal conservatism. Read More
Singapore’s First Article 6 Carbon Credit Tender Draws $223 Million Top Bid
Global commodities trader Trafigura has emerged as the highest bidder in Singapore's first public tender for Article 6-aligned nature-based carbon credits, offering S$299.19 million ($223 million) for an undisclosed volume, as the city-state seeks to complement domestic climate action with international offsets. Read More
Group Sues Apple Over Use of REDD+, ARR Credits in Carbon Neutral Marketing
Apple misled consumers and engaged in greenwashing when it promoted its 2023 watch lineup as carbon neutral, plaintiffs alleged in a class-action suit filed in US District Court Wednesday. Read More
Paraguay Law Could Deliver Millions of Credits to Paris Agreement Market
Paraguayan President Santiago Peña signed a law on Tuesday that will bring all carbon projects in the country under one registry and manage their interplay between voluntary and Paris Agreement markets. Read More
Largest EU Parliament Party: CBAM ‘Should’ Be on Hold for 2 Years
The leaders of the European People's Party (EPP), the party with the most representatives in the European Union Parliament—the EU's legislative body—with 188 out of a total 720 seats, said the carbon border tariff that importers are expected to start paying next year "should be put on hold for at least two years." Following the EPP's leaders' retreat in Berlin over the weekend under EPP President Manfred Weber, the party published a three-page brief criticizing regulatory burdens and obligations for companies in Europe that are stymying economic growth and investment. Read More
Singapore Seeks Nature-Based Carbon Credits in Landmark Article 6 Tender
Singapore's first public tender for carbon credits, seeking at least 0.5 million metric tons (mt) of credits from high-quality nature-based projects, positions the city-state as an early mover in government-led Article 6 transactions under the Paris Agreement, potentially setting a benchmark for the nascent global market, sources said. Read More