Swiss carbon removal project developer raises $69 mln to scale capacity
A Switzerland-based carbon removal and storage provider has raised $69 million in a funding round to bolster plans to ramp up capacity and expand in North America and Asia.
Read MoreAustralian regulator fines carbon developer hopeful over greenwashing allegations
An Australian fertiliser company has been fined for greenwashing by the country’s market watchdog over claims it made regarding its aspirations to develop a reforestation carbon project in the Philippines.
Read MoreDenmark rolls out major initiatives to cut agricultural carbon emissions, restore nature
The Danish government and leading industry, agriculture, and environmental groups have agreed a major strategy to cut carbon from agriculture and restore nature that includes a tax on livestock emissions, conversion of farmlands to forest, and biochar subsidies.
Read MoreKorean tech firm, Japanese exchange operator partner to accelerate Asian voluntary carbon market
The tech arm of a South Korean conglomerate has partnered with a Japanese carbon exchange operator to drive expansion of voluntary carbon trading across Asia, they announced Tuesday.
Read MoreWashington’s cap-and-invest participation picks up in Q2
The number of entities registered with active accounts in Washington’s cap-and-trade scheme increased in Q2 despite the looming possibility of a programme repeal.
Read MoreRio Tinto wants biofuels feedstock production to be eligible to earn ACCUs
Australian miner Rio Tinto has urged the federal government to allow farming projects that grow feedstock for biofuels and renewable diesel to be able to earn Australian Carbon Credit Units (ACCUs).
Read MoreCanada outlines CCUS investment tax credit guidance
The Government of Canada released guidance to implement a batch of clean economy tax credits, including a carbon capture, utilisation, and storage investment tax credit (CCUS ITC), as part of its fall economic statement provisions.
Read MoreVoluntary carbon market to hit $100 bln by mid-2030s, driving environmental, economic, social benefits -ratings agency
A $100 billion global voluntary carbon market would support sustainable development, reduce carbon, restore land equivalent to the size of Peru, and create millions of jobs – but work is needed to improve the market’s integrity and transparency, according to a study released on Tuesday.
Read MoreTraders mostly shorten net length across North American carbon markets
Covered entities widened RGGI allowance (RGA) net length while traders mainly reduced holdings across California Carbon Allowances (CCAs), with muted activity in Washington Carbon Allowances (WCAs), according to weekly data from the US Commodity Futures Trading Commission (CFTC).
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