Washington is joining California and Québec in a multi-jurisdictional carbon emissions trading market, aiming to reduce greenhouse gases more efficiently. The draft agreement focuses on information sharing, accounting, and cooperation, with the goal of driving long-term, cost-effective investment in decarbonization. The Climate Commitment Act, established in 2021, sets a target to reduce Washington's greenhouse gas emissions by 95% by 2050. Public input and assessments are required before formal entry into the linkage agreement, with the potential for a linked carbon emissions trading market by 2027. The partnership aims to create a larger, more stable market for emissions allowances, bringing substantial benefits to the state's cap-and-invest program, economy, and communities as it works to decarbonize and meet emissions reduction goals.
Tag: Quebec
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The Hydrogen Stream: Verna completes first two hydrogen pilot wells in Canada
Vema Hydrogen has completed two pilot hydrogen wells in Quebec, Canada, while Advait Greenergy and InSolare Energy are progressing on hydrogen projects in India. Canada and South Korea are discussing potential collaboration in auto manufacturing for Hyundai/Kia in Canada, with a focus on hydrogen energy. The University of Cagliari and the Indian Institute of Technology are collaborating on a research project on hydrogen energy systems. Hiringa Energy has reached Financial Close on the Kapuni Project in New Zealand, integrating wind, industrial renewable electricity supply, and green hydrogen production at scale. These developments highlight the importance of transitioning to renewable energy sources, such as solar power, to combat climate change and reduce greenhouse gas emissions. Policy support and investment in renewable energy technologies are crucial to accelerate the transition away from fossil fuels and meet global electricity demand with clean energy solutions.
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This Week in CDR
Significant developments in durable carbon removal (CDR) occurred this week, with Altitude, Frontier, Microsoft, and other companies signing agreements to purchase CDR credits. Altitude, Frontier, and Microsoft purchased significant amounts of CDR credits from various providers, while partnerships were formed to advance carbon removal projects. Canadian project developer Deep Sky achieved Quebec's first permanent removal and geological injection of captured CO2, and other projects such as 44.01's CO2 mineralisation in the UAE are scaling up. Financing news and research updates in the climate solutions space were also highlighted, with CDR.fyi offering free access to market insights and company profiles related to climate solutions.
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Awendio Solaris plans multi-gigawatt solar manufacturing hub in Canada
Awendio Solaris plans to invest CAD 1 billion in a solar manufacturing facility in Montreal, Quebec, targeting the Canadian and US markets. The facility will create 1,000 jobs and produce up to 5,000 MW of solar cells and modules per year using n-type tunnel oxide passivated contact technology with a fully North American supply chain. Operations will be powered by Quebec's hydroelectric grid and on-site solar generation, with support from First Nations groups and research partnerships with local universities. Additionally, Hydro-Québec plans to deploy up to 3 GW of solar capacity by 2035, starting with a 300 MW solar tender and offering financial incentives for residential and commercial solar installations. These initiatives are expected to significantly contribute to Canada's clean energy transition and economic growth.