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Canadian Indigenous project developer to build Calgary 10 Mt/yr CCS hub with Japanese multinational

Published 23:42 on May 24, 2024  /  Last updated at 23:42 on May 24, 2024   / Joan Pinto /  Americas, Asia Pacific, Canada, Japan, Voluntary

A private Calgary-based developer and a global integrated trading company agreed on Friday to develop a carbon capture and storage hub in Alberta with the potential to store up to 10 million tonnes of CO2 per year. Read More
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ANALYSIS: Voluntary carbon investors shift credit buying behaviour, but demand rebound still a way away

Published 16:18 on May 24, 2024  /  Last updated at 16:18 on May 24, 2024   / Roy Manuell /  Americas, Asia Pacific, EMEA, Nature-based, Voluntary

Voluntary carbon market (VCM) participants expect a substantial demand return, but this could still be years away, with stakeholders at an industry event this week highlighting that investors in the market are now looking more closely at project origination and becoming increasingly selective about the activities they finance. Read More
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ANALYSIS: Investment in nature-based, engineered carbon removals should not be zero sum, say stakeholders

Published 16:06 on May 24, 2024  /  Last updated at 16:13 on May 24, 2024   / Alejandra Padin-Dujon /  Americas, EMEA, International, Nature-based, UK ETS, US, Voluntary

Voluntary carbon market (VCM) buyers and developers largely remain committed to investing in both nature-based and engineered carbon removals (CDR), according to a range of experts speaking at the Carbon Unbound conference in New York this week. Read More
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Nigerian govt agency invests in cookstoves developer to boost production, generate voluntary carbon credit revenue

Published 12:28 on May 24, 2024  /  Last updated at 12:28 on May 24, 2024   / Nikita Pandey /  Africa, EMEA, Voluntary

A Nigerian government agency has invested in a domestic cookstoves manufacturing firm and a carbon offset project developer to increase production of cookstoves and to leverage the credit proceeds, the agency announced Thursday. Read More
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Partial repeal of US IRA tax credits coupled with carbon fee could generate over $2 trillion -report

Published 01:45 on May 25, 2024  /  Last updated at 01:45 on May 25, 2024   / Allison Gacad /  Americas, Carbon Taxes, CBAM, US

A partial repeal of climate-related tax credits in the Inflation Reduction Act (IRA), alongside a carbon fee, brings the US closer to achieving its Paris Agreement targets than an expansion of IRA measures alone, and could additionally generate over $2 trillion, according to a working paper modelling climate policy reform to follow the November US elections. Read More
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Verra consults on proposed changes to voluntary carbon reforestation methodology VM0047

Published 12:26 on May 24, 2024  /  Last updated at 12:26 on May 24, 2024   / Paddy Gourlay /  Africa, Americas, Asia Pacific, EMEA, Nature-based, Voluntary

Verra has launched a public consultation on a voluntary carbon methodology for afforestation, reforestation and revegetation, as well as a tweak to a second related programme for the project activity, it announced this week. Read More
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Euro Markets: EUAs slip on falling gas but secure 7% weekly gain

Published 12:22 on May 24, 2024  /  Last updated at 17:00 on May 24, 2024   / Roy Manuell /  EMEA, EU ETS, UK ETS

EU carbon prices eased back for the third successive session, though still locked in an 7% weekly gain, with analysts pointing to a resumed correlation with gas, soft fundamentals, and an overall lack of clear market direction. Read More
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EU's sweeping corporate due diligence law clears final hurdle

Published 12:02 on May 24, 2024  /  Last updated at 12:02 on May 24, 2024   / Frédéric Simon /  EMEA

The Council of EU member states voted Friday to adopt the bloc's Corporate Sustainability Due Diligence Directive (CSDDD), requiring companies with a turnover of more than €450 million to observe human rights and environmental obligations along their entire supply chain or face fines of up to 5% of their global turnover. Read More
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Seven EU countries plead for greater use of recycled carbon in chemicals, plastics

Published 10:49 on May 24, 2024  /  Last updated at 10:49 on May 24, 2024   / Frédéric Simon /  EMEA

A group of seven EU countries are presenting plans on Friday for greater use of recycled materials, biomass, and captured CO2 to replace fossil carbon in the chemical sector, arguing this will help restore the industry’s lost competitiveness. Read More
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CN Markets: CEAs stable as liquidity improves, price outlook remains blurry

Published 09:26 on May 24, 2024  /  Last updated at 09:26 on May 24, 2024   / Chia-Erh Kuo /  Asia Pacific, China

Prices in China’s CO2 allowance market over the past week remained stable with healthier trading volumes, though the continued absence of policy updates is expected to limit the potential for price growth. Read More
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Australian agri-tech firm develops beta soil organic carbon measurement models

Published 08:46 on May 24, 2024  /  Last updated at 08:46 on May 24, 2024   / Mark Tilly /  Asia Pacific, Australia

An Australian agri-tech company has developed beta soil organic carbon measurement models that it says can reduce the reliance on extensive physical soil sampling. Read More
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CCS project vetoed in Australia over water pollution concerns

Published 07:28 on May 24, 2024  /  Last updated at 07:28 on May 24, 2024   / Helen Clark /  Asia Pacific, Australia

A Glencore pilot carbon capture and storage project was knocked back by the Queensland state government Friday over what it said were serious environmental concerns, shutting the door to any further CCS projects in the area. Read More
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European oil firm inks $90-mln jurisdictional REDD+ deal with Ghana

Published 04:30 on May 24, 2024  /  Last updated at 04:30 on May 24, 2024   /  Americas, EMEA, International, Nature-based, Voluntary

A European oil firm has agreed to spend around $90 million to purchase as many as 10 million carbon credits from nature-based carbon projects in Ghana as part of a jurisdictional REDD+ deal. Read More
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GreenCollar walks away from Australian integrated farm land management method development

Published 02:46 on May 24, 2024  /  Last updated at 07:30 on May 24, 2024   / Mark Tilly /  Asia Pacific, Australia

Australia’s largest carbon project developer, GreenCollar, has resigned from co-chairing the industry working groups developing the integrated farm land management (IFLM) method due to losing confidence in the process, a spokesperson told Carbon Pulse. Read More
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NZ environment commissioner calls for forestry to be removed from ETS

Published 01:30 on May 24, 2024  /  Last updated at 01:30 on May 24, 2024   / Mark Tilly /  Asia Pacific, New Zealand

The New Zealand commissioner for the environment has joined a growing list of bodies calling for forestry to be removed from the country's emissions trading scheme. Read More