CERAWeek: Engineered CDR projects more often relying on “financial muscle” of tech companies
Engineered carbon removal (CDR) projects are more often selling voluntary credits via direct bilateral agreements than exchanging them over the voluntary carbon market (VCM) through registries, S&P Global analysts said during the CERAWeek energy conference in Houston.
Read MoreCERAWeek: Global energy tech company advancing plans to develop commercial DAC system
A global energy technology company is edging closer to developing a fully-integrated, commercial-scale direct air capture (DAC) facility after fine-tuning its carbon capture technology, a company executive told Carbon Pulse.
Read MoreUPDATE – CERAWeek: Texas DAC developer shifts focus to EOR from geologic sequestration
A Texas-based oil and gas producer developing what is slated to be one of the largest direct air capture (DAC) facilities in the world signalled this week that it will be shifting the focus of its CO2 removals business to enhanced oil recovery (EOR) operations from geologic storage in an effort to produce “net zero oil”.
Read MoreCERAWeek: CCS needs to look beyond tax credits for ways to reach FID
Carbon capture and sequestration (CCS) developers in the US are searching for new ways to advance project proposals to final investment decisions (FIDs) as the industry faces new economic and political uncertainties, developers said Tuesday at CERAWeek.
Read MoreCERAWeek: Energy transition global slowdown has ‘weeded out’ unrealistic project developers, panelists say
As the pace of the global energy transition slows faced with higher costs and a decreasing focus on decarbonisation, the field of clean energy projects and companies is thinning out in a way that is leaving only realistic projects standing, panellists said Tuesday at CERAWeek in Houston.
Read MoreCERAWeek: COPs due to enter ‘another phase’ in Belem, Article 6 awaits -experts
The function of COPs in the coming decade will evolve away from focusing on energy transition and towards adaptation and loss and damage financing, while Article 6 trading is expected to play a bigger role following last year’s historic deal, experts said Monday during CERAWeek.
Read MoreUPDATE – CERAWeek: US DOE Secretary says agency will honour loans previously awarded by Biden administration
US DOE Secretary Chris Wright said Monday that while the agency will take a new approach with its Loan Program Office (LPO), the administration will honour loans already awarded to projects under former President Joe Biden’s administration.
Read MoreIowa lawmakers advance bill adding landowner protections against CO2 pipelines, transmission
A bill recently filed in the Iowa legislature passed out of a subcommittee this week that would strengthen landowner protections against new transmission lines, pipelines, and underground storage facilities during the permitting process.
Read MoreBRIEFING: Repeal of US EPA’s endangerment finding could shift CO2 enforcement to courts, NGO says
The 2009 rule that allowed greenhouse gases (GHG) to be regulated under the Clean Air Act (CAA) may soon be nixed by the Trump administration, a move that climate groups say would expose industry to federal litigation.
Read MoreConnecticut committee considers climate superfund bill
The Connecticut legislature on Monday discussed a bill that requires polluters to pay into a climate superfund that would be used to finance climate adaptation projects across the state, matching similar laws recently enacted in other Northeastern states.
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