Increased water demand for CO2 capture from ethanol plants may deplete Iowa’s aquifers, says non-profit
Iowa’s ethanol plants that have partnered with a CO2 pipeline developer would require 3.36 billion gallons (12.7 bln litres) of water every year to capture carbon, potentially depleting the state’s aquifers, according to an environmental non-profit.
Read MoreWCI Markets: CCAs find support, reversing five-day plunge close to March lows
California Carbon Allowance (CCA) prices in the secondary market reversed course late Thursday after a week of sliding toward March lows on high ICE futures and options volume exacerbating the technical sell-off, market participants said, while Washington Carbon Allowances (WCA) declined heading into the second quarterly permit sale.
Read MoreUS DOE and NOAA join forces to advance marine CO2 removal efforts
The US Department of Energy (DOE) and the National Oceanic and Atmospheric Administration (NOAA) will jointly pursue marine CO2 removal (mCDR) research and development, the agencies announced Thursday.
Read MoreCarbon removal company secures lease for DAC manufacturing facility in Arizona
A US-based direct air capture (DAC) firm on Thursday announced it has signed a lease for its first manufacturing site in Arizona to construct modules with a cumulative removal capacity of 2 million tonnes CO2 annually.
Read MoreProposed CO2 pipeline faces persistent pushback from North Dakota landowners
Public hearing sessions concerning a proposed pipeline that would store CO2 from Midwest biorefineries in North Dakota concluded Tuesday without allaying landowners’ worries regarding safety and easement agreements.
Read MorePREVIEW: Traders largely expect Q2 Washington carbon permit auction to clear near floor
Traders anticipate Washington’s upcoming second quarter current vintage auction to clear near the scheme’s floor and well below front-month futures prices, expecting the sale to sell all permits despite the looming possibility of the carbon market’s repeal.
Read MoreAnalysts revise down near-term CCA forecasts amid workshop disappointment, predict low auction clear in Washington
Analysts lowered their California Carbon Allowance (CCA) price estimates in light of workshop letdowns, but nevertheless foresaw an uptick in values following clarity regarding programme adjustments, and also projected a low auction clear in Washington’s carbon market.
Read MoreCanada underscores CDR deployment to achieve 2050 climate goals
Canada must advance its study on CO2 removal (CDR) technologies to support its climate goals, a report published by the Environment and Climate Change Canada (ECCC) revealed.
Read MoreWCI Q2 auction clears well below secondary market, trader expectations
The delayed Q2 California-Quebec current vintage carbon auction settled at a discount to secondary market prices and well below trader expectations.
Read MoreUS court green lights oil major’s case against investor-driven climate action
A US federal judge on Wednesday dismissed a request from an investment advisory firm to halt an oil major’s lawsuit against shareholders over their calls for stronger climate targets.
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