Norway CCS project shelved as costs set to exceed budget
A pioneering waste-to-energy carbon capture plant in Norway has been suspended after running over budget.
Read MoreEU nations approve ETS-related bills in final lawmaking stage, agree provisional sustainable aviation fuel mandate with MEPs
EU member states on Tuesday gave their approval to a series of provisional deals aiming to put shipping, buildings and road transport under carbon pricing, impose a carbon border adjustment mechanism (CBAM), and launch a Social Climate Fund, while also agreeing a draft mandate with MEPs to boost and govern the use of sustainable aviation fuels (SAFs).
Read MoreBusiness alliance to launch voluntary carbon credit buyers’ hub as market difficulties persist
A global business organisation will launch a carbon credit buyers’ hub to help build confidence among companies that they are
purchasing quality units, a conference heard on Monday, with other speakers noting the complementarity to the ongoing work under the Integrity Council for the Voluntary Carbon Market (ICVCM).
Ratings agency downgrades two projects, reaffirms many more
A carbon credit ratings agency has downgraded its scores for two Verra-certified Asian technology projects while reaffirming similarly mid-ranking grades for 14 other projects.
Read MoreVoluntary carbon market could have role in raising a 50-fold funding increase to end deforestation -report
Companies buying carbon credits, alongside government grants and philanthropic donations, will have to raise at least $130 billion a year to end tropical forest deforestation this decade, a think-tank said in a report on Wednesday.
Read MoreVoluntary carbon market initiative appoints advisors ahead of claims guidance launch
A cross-stakeholder initiative appointed an expert advisory panel stacked with carbon policy veterans on Wednesday, ahead of this year’s release of its claims code of practice to help buyers ensure integrity when purchasing carbon credits for voluntary climate pledges.
Read MoreMade-in-UK new carbon standard to launch as British corporates shy away from current offerings
A UK-based carbon standard is due to launch next week having built up a portfolio of pilot activity in regenerative agriculture, as corporate interest in existing options for British land-based carbon credits is seen waning.
Read MoreNordic tech firms help top up contribution claims fund
Nordic tech firms including music streaming service Spotify and e-payment company Klarna are set to contribute a further $5 million in 2023 to a fund set up as an alternative to carbon offsetting.
Read MoreTrading firm STX Group gets borrowing boost from €150 million credit facility
Environmental commodities trading firm STX group has closed a syndicated borrowing base credit facility worth up to €150 million to help expand its operations.
Read MoreAbatable acquires REDD specialist Ecosphere+ via $13.5 million raise
Carbon credit procurement platform Abatable has acquired rival Ecosphere+ using cash from a $13.5 million fundraise as part of an effort to reach a broader range of corporate clients.
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