News
Recent news from around the industry on carbon credits, carbon reduction and related topics.
US DOE Reveals First Winners of $2.25B Carbon Storage Program
The U.S. Department of Energy (DOE) has opened a $2.25 billion funding program for carbon sequestration or CO2 capture and storage projects to more applicants after selecting the first batch of 9 winners with a $242 million funding round.
Alaska House follows Senate in passing bill authorizing sale of carbon credits from state land
The Alaska House of Representatives passed a bill that would allow the state to set up a system for using state land to sell carbon-offset credits. The action amounted to final passage of the bill, which has been approved by the state Senate.
Key Insights from World Bank’s 2023 Carbon Pricing Report
Amid the global energy crisis and economic issues, revenues from carbon credits traded in emissions trading systems (ETS) and carbon taxes hit record high in 2022 reaching almost $100 billion, per the World Bank carbon pricing report.