Alaska looks to tap carbon markets
US state’s governor proposes legislation to support expansion of CCS and generation of tradeable offsets
Alaskan governor Mike Dunleavy has proposed a package of laws designed to support the state’s entry into global carbon markets. The Carbon Management Bill would authorise the state’s Department of Natural Resources (DNR) to promote and develop CCS and biological sequestration as well as the generation of globally traded carbon offsets. “Shortly, we will introduce our Carbon Management Bill package to launch the state into the emerging carbon market,” says Dunleavy. “Managing this resource is clearly in Alaska’s best interest. It is in alignment with our constitutional mandate to develop all resources. This opportunity does not exclude or negatively impact current industries in Alaska, such a
Also in this section
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV