First contracts signed under UK’s Hydrogen Allocation Round 1

Published 11:07 on December 23, 2024  /  Last updated at 11:07 on December 23, 2024  / /  EMEA

The first hydrogen production contracts have been signed under the UK’s Hydrogen Allocation Round 1 (HAR1), the Low Carbon Contracts Company (LCCC) has announced.

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Green protein startup secures €5 mln to fund commercial carbon capture scale-up

Published 10:15 on December 23, 2024  /  Last updated at 10:15 on December 23, 2024  / /  EMEA, Nature-based, Voluntary

A startup developing technology for sustainable microalgae production with a carbon-negative footprint has secured €5 million in a funding round.

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INTERVIEW: CO2 to e-methanol project aims to improve outlook for EU steel

Published 12:20 on December 19, 2024  /  Last updated at 12:20 on December 19, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS

An industrial project to decarbonise steel and produce e-methanol aims to improve the competitiveness of Europe’s steel industry and reduce its exposure to the EU ETS.

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UK to review energy regulator following string of supply failures

Published 12:15 on December 19, 2024  /  Last updated at 12:15 on December 19, 2024  / /  EMEA, UK ETS

The UK government has launched a review of energy regulator Ofgem, seeking to bolster consumer protection and speed up infrastructure approval, it formally announced Thursday.

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French utility signs offtake agreement for first full-scale CO2 battery in Sardinia

Published 09:00 on December 19, 2024  /  Last updated at 16:14 on December 19, 2024  / /  EMEA

A French utility has signed an offtake agreement with the developer of a CO2 battery in Sardinia, Italy, which will provide long-duration energy storage to the Italian grid.

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Social cost of carbon reaches almost $300/t when climate impact on human welfare considered -study

Published 11:34 on December 18, 2024  /  Last updated at 11:34 on December 18, 2024  / /  Americas, International, US

The social cost of carbon (SCC) is being significantly under-estimated as current calculations fail to adequately consider how climate change could affect human welfare, with implications for policy making, a new study has found.

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FEATURE: CSRD to spell end of companies cherry-picking how they disclose climate risk

Published 15:14 on December 17, 2024  /  Last updated at 16:11 on December 17, 2024  / /  Americas, EMEA, US

The requirement for many large companies to start disclosing under the EU’s Corporate Sustainability Reporting Directive (CSRD) from next year will improve the quality and consistency of reporting on ESG issues, bringing it up to investor-grade quality on par with other financial disclosures, experts have said.

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UK govt launches consultation on implementing CORSIA

Published 14:12 on December 16, 2024  /  Last updated at 08:50 on December 17, 2024  / /  Aviation/CORSIA, EMEA, International, UK ETS

The UK Department for Transport (DfT) has launched a consultation on Monday laying out proposals for how to implement the UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), including potential fines for non-compliance.

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European cement giant partners with carbon capture startup, aiming to decarbonise portfolio

Published 10:51 on December 16, 2024  /  Last updated at 10:51 on December 16, 2024  / /  EMEA, EU ETS, Voluntary

A large European building materials company has signed a cooperation agreement with a carbon capture startup, aiming to use the technology to help decarbonise its global portfolio of industrial plants.

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FEATURE: Sinking biomass in anoxic basins attracts scientific interest but no guarantee of regulatory approval

Published 12:32 on December 13, 2024  /  Last updated at 12:32 on December 13, 2024  / /  Americas, EMEA, Nature-based, US, Voluntary

Several startups are proposing sinking biomass in anoxic basins, such as the Black Sea, to sequester carbon and generate removal credits, though they face hurdles related to wider scientific approval and regulatory sign-off before they can move ahead.

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