Denmark completes funding round for carbon capture work
Denmark’s Energy Agency (DEA) has awarded three contracts to companies for new carbon capture and storage projects after completing the funding round for negative CO2 emissions (NECCS).
Read MoreEnvironmental assets exchange adds biochar credits to its platform
An environmental assets marketplace on Wednesday introduced a new line of carbon removal credits via a recently-introduced biochar trading instrument.
Read MoreUK, Swedish firms close $325 mln forestry fund aimed at carbon removal
A UK-headquartered asset manager and Sweden-based forestry development firm closed an inaugural $325.3 million fund that targets over 18 mln tonnes of CO2 removal across 80,000 hectares of forest.
Read MoreBRIEFING: Another 18 months of pain for EU carbon prices, analysts warn
Ongoing carbon permit sales under REPoweEU, combined with increasing renewables penetration and lower demand from the power and industrial sectors, mean EUAs will likely feel increased price pressures for another 18 months, a conference heard Wednesday.
Read MoreUN Secretary-General calls for fossil fuel phaseout
UN Secretary-General Antonio Guterres called for a phase out of fossil fuels at the Spring Meetings of the International Monetary Fund (IMF) and World Bank on Wednesday.
Read MoreEU green claims directive having ‘chilling effect’ on voluntary carbon market
The EU’s green claims directive is having a tangible, negative impact on demand for voluntary carbon credits, and scaring corporates away from the market, participants told an event Wednesday.
Read MoreCarbon removals could help to offset leftover emissions in EU ETS, official says
The European Commission is looking at whether residual emissions in the EU ETS could be offset with carbon removals, as it weighs up different options for either integrating removals into the existing market or creating a new one, a high-level official said on Wednesday.
Read MoreAgri carbon taxes worldwide could inspire an EU ETS3 — with caveats, experts say
Regulatory measures on agricultural emissions, from New Zealand to South Africa, could serve as inspiration for policymakers in Brussels as the EU considers if and how to include the sector in its next ETS revision — although some clauses may apply, according to speakers at the IETA European Climate Summit.
Read MoreEuro Markets: EUAs give up this week’s gains as gas plummets, COT shows little change
European carbon allowance prices retreated on Wednesday as gas prices weakened after four days of gains, with the benchmark EUA contract giving up all this week’s steep rally while an inconclusive set of Commitment of Traders data saw some question the conviction of speculative traders in the bearish trend.
Read MoreCalifornia and Norway sign MoU collaborating on renewable energy, decarbonisation
The Memorandum of Understanding (MoU) between California and Norway signed Tuesday, establishes a framework of voluntary cooperation on areas including clean energy, zero-emission transportation and ports, carbon removal, and climate-smart agriculture.
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