GHG levy for shipping dropped in favour of credit trading system at IMO talks
A flat-rate greenhouse gas levy for shipping has been removed from the latest negotiation text at a meeting of the UN’s International Maritime Organization (IMO) in favour of a tiered compliance system focused on GHG fuel intensity that would effectively introduce a credit trading system.
Read MoreEarly CDR buyers call for proper recognition for scaling removals industry -webinar
Carbon removal (CDR) buyers on a webinar Thursday called for proper recognition by standards bodies such as the Science Based Targets initiative (SBTi) to help scale CDR and trigger buying from a wider cohort of companies.
Read MoreUK govt kicks into gear £100 mln fusion energy investment
The UK’s growing sector for fusion energy could see over £100 million invested via a partnership between the government and private sector as the government directs £20 mln into a fusion private venture capital fund.
Read MoreMajor consumer brands are driving fracking and fuelling the plastic crisis -study
More than 25 major consumer brands, including Coca-Cola and Nestle, are driving fracking demand in Texas, fuelling the plastic crisis and the environmental degradation that comes with it, according to an investigation by two non-profits.
Read MoreEconomy-wide carbon pricing most efficient, economical route to net zero, UK experts say
Economy-wide carbon pricing, including carbon border adjustment mechanisms, presents the most efficient and economical way of reaching net zero, according to analysis recorded by the UK’s House of Lords upper parliamentary chamber.
Read MoreCarbon taxes can provide strong incentive to decarbonise buildings -report
Carbon taxes that apply above a minimum level of operational performance can be a key driver of reducing building sector emissions, especially when accompanied by clear communication on performance, according to a new report by the World Business Council for Sustainable Development (WBCSD).
Read MorePREVIEW: Moment of truth for proposed GHG shipping levy as IMO member states gather in London
The UN’s International Maritime Organization (IMO) is meeting over the next two weeks in London to decide whether to apply a global emissions levy to reach net zero shipping by 2050.
Read MoreRights to carbon credits ownership deterring farmers from VCM -experts
Engaging with the voluntary carbon market is risky for farmers because it can force them to relinquish rights to the CO2 credits generated on their land, by allowing outside organisations to claim them as their own, according to a UK-based consultancy.
Read MoreFEATURE: CO2 quality standards will be key to effective CCS projects, as will monitoring for leaks
Verifying the purity of CO2 that flows through carbon capture and storage (CCS) hubs will be vital as the industry develops, in order to avoid any impurities from jeopardising the network — but the industry is still in early stages, with standards in development and monitoring equipment not yet commercial.
Read MoreNorway’s flagship CCS project reaches second phase with increased storage capacity
Norway’s flagship carbon capture and storage project, Northern Lights, has reached its second phase, with the announcement of higher storage capacity and a commercial agreement with a Swedish utility to transport and store the CO2.
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