Direct air capture needs solar-like cost reductions to scale development -report
The cost of direct air capture (DAC) needs to come down over the 27 years through 2050 by at least the same rate that solar PV did over the past 40 years to ensure the carbon removal technology emerges as an effective climate solution, consultants said in a report published on Monday.
Read MoreVerra joins initiative to spur Brazil voluntary carbon market
Carbon credit certifier Verra on Friday agreed to join an initiative to bolster development of the voluntary carbon market (VCM) in Brazil, aiming to help scale the nation’s nature-based activities.
Read MoreLoophole in EU carbon market’s MSR has further tightened market, say experts
A persistent loophole in EU ETS regulations has been artificially tightening the carbon market for years, according to observers, steepening the annual drawdown in permit supply with knock-on effects for allowances prices and costs for European industries.
Read MoreTwo more firms drop use of offsetting claims amid German court cases -NGO
Two more companies have agreed to drop their climate neutrality claims on certain products they sell this week, opting to settle rather than face rulings by German courts in cases brought by an NGO alleging that the carbon credits backing the claims lack sufficient credibility.
Read MoreGlobal clean energy investment extends lead over fossil fuels -IEA
Investment in clean energy technologies is significantly outpacing spending on fossil fuels as affordability and security concerns triggered by the global energy crisis strengthen momentum, the IEA said in a report published on Thursday.
Read MoreEmissions trading participants temper expectations for pace of carbon price increases
Participants in emissions trading mechanisms worldwide have moderated their price expectations compared to a year ago but are optimistic that reforms will drive compliance carbon values higher in the future, according to an annual survey published on Wednesday, while voluntary carbon market (VCM) stakeholders are confident that the sector will grow to meet increasing demand.
Read MoreJPMorgan Chase unveils $200 mln in carbon removal deals
JPMorgan Chase has signalled one of the world’s biggest corporate commitments to purchasing durable carbon removals, agreeing to spend some $200 million via several long-term deals to buy a total 800,000 tonnes from startups, the US-headquartered bank announced Tuesday.
Read MoreUK-based ERW removals startup notches $12 mln investment, secures further forward credit sale
UK enhanced rock weathering (ERW) project developer UNDO has secured $12 million of fresh investment to scale operations globally, it announced Monday, with additional funding worth $1 mln to come from a further forward sale of carbon removal credits.
Read MoreEquity index firms team up to launch biodiversity-linked suite
A biodiversity index suite has been released on Monday in an effort to help investors align their portfolios with their biodiversity impact reduction and sustainable development goals (SDGs) by screening for companies with low impact.
Read MoreGold Standard launches new climate claims framework, teams with early movers to ‘go beyond’
Certifier Gold Standard on Monday launched plans for a new contribution claims framework to help companies take climate action beyond offsetting, while teaming up with others to initiate ideas on how firms should approach mitigating climate impacts outside their own value chain.
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