Lawsuit win against KLM’s carbon offsetting claims sets precedent to change airline behaviour, says lawyer
The recent ruling by a court in the Netherlands that KLM’s historical climate claims, including use of voluntary carbon credits, constituted greenwashing could change airlines’ practice in the EU, said a lawyer who worked on the case.
Read MoreINTERVIEW: UK could become CO2 import hub and export CCS capabilities globally
The UK can position itself at the forefront of the carbon capture and storage transition as it draws upon its significant offshore storage potential and develops the related supply chains and skillsets for global export, said a representative of a government-funded innovation programme.
Read MoreEnglish estate partners with climate tech firm to improve reforestation rates
An English estate is partnering with a climate tech firm to use innovative technologies like vertical farming and micro-propagation of genetically relevant plant stock to improve the survival rate of voluntary carbon credit-generating reforestation projects.
Read MoreRewilding offers similar CO2 storage potential to new native woodland -study
Projects to rewild habitats offer similar CO2 sequestration rates as new native woodland initiatives over a 19-year period, in addition to better biodiversity outcomes, according to a study of an estate in southern England.
Read MoreDAC facility with 2 Mt of capacity to open in the US, aiming to drive tenfold cost reduction
A new direct air capture (DAC) and sequestration facility is set to open in the US, claiming to capture and store 2 million tonnes of carbon annually and to achieve a tenfold cost reduction for the technology.
Read MoreBiochar developer secures €25 mln to build out European carbon removal network
A developer of biochar-based carbon removal parks has secured €25 million in growth funding from a French impact investor to further its network across Europe.
Read MoreInsurer launches product to cover both physical and political risks of buying carbon credits
An insurance provider is entering the carbon insurance market with the launch of a new product to cover both the physical and political risks of buying voluntary carbon credits on a forward basis.
Read MoreFEATURE: Scientists enhancing the carbon appetite of crops explore voluntary market opportunity
Scientists developing gene-edited crops with deeper root systems that sequester more CO2 expect the first carbon credits to be generated in the next couple of years from farmers adopting their varieties.
Read MoreNorway to scrap floor price for EU ETS compensation scheme, set annual grant ceiling
Norway is scrapping the floor price for its indirect EU ETS cost compensation scheme and introducing an annual ceiling on the total amount of grant funding available to companies, which is intended to shield energy-intensive industries from carbon leakage.
Read MoreINTERVIEW: Carbon royalties for state, market exposure for communities would help Article 6 succeed -developer
Allowing governments access to a portion of the credits from carbon projects they host, and giving communities greater exposure to markets, would help Article 6 to get off the ground, according to a project developer.
Read More