Merchant shipping carrier installs suction sails for reduced CO2 emissions and fuel use
A global crop trader is retrofitting one of its chartered vessels with four wind-powered ‘suction sails’ in a move to reduce fuel consumption and curb CO2 emissions, following a suite of other cargo operators also benefitting from emissions-slashing sails.
Read MoreINTERVIEW: Wildfire detection network could lower buffer obligation in forest carbon projects, boosting credit sales
A wildfire detection network operator believes it can assume an important role in forestry carbon by enabling a reduction in the credit buffer pool set aside for wildfires, thereby enabling a project to sell more carbon credits.
Read MoreINTERVIEW: EU emissions intensity target for shipping a key driver for clean fuels, says green methanol producer
A green methanol producer looking to rapidly scale up fuel supply in the US and Europe says that both regulatory and retail factors are driving shipping companies to purchase green fuel, including the EU’s ETS and FuelEU maritime policy, under which overachieving shippers can receive credits to sell onto others.
Read MoreFossil-free iron demonstration plant in Sweden receives grant in key step towards green steel
A first demonstration plant in Sweden for the production of fossil-free sponge iron, a precursor to steel, has received government grant support in an example of a public-private endeavour to clean up the steel industry.
Read MoreLaunch of collaborative project to ship and store captured CO2 from south to north UK
Several companies have announced a partnership to ship captured CO2 from an UK ETS-covered gas power plant in southeast England up to northeast Scotland to then pipe onto permanent storage below the North Sea using re-purposed gas pipelines.
Read MoreCOP28: Project makes milestone progress towards storing CO2 from world’s largest single-source emitter
Pioneering efforts to store carbon from an industrial emitter base in South Africa, including from the world’s largest single-source CO2 emitter, are set to progress to pilot construction stage following completion of the geological assessment of the local area.
Read MoreCOP28: Article 6 must remove ‘fear of entry’ to channel carbon finance for transformational change, market urges
Market actors urged for clarity on Article 6 as COP28 draws to a close, citing the potential to improve trust in carbon markets by removing the ‘fear of entry’ for buyers currently hesitant to engage in credit-buying due to the risk of reputational damage linked to greenwashing.
Read MoreCOP28: FEATURE – Forest-owners seek to capture added value for timberland by selling carbon credits
Owners of timberland, from public companies to family businesses, are looking to sell credits on the voluntary carbon market as a complementary activity to their existing timberland practices.
Read MoreCOP28: INTERVIEW – Carbon storage company eyes opportunity in mining waste to sell credits
A carbon storage company plans to partner with biogenic emitters in order to help valorise their CO2 streams by burying emissions in nearby mine pits and generate revenues from the resulting carbon credits sales.
Read MoreCOP28: Country group launches food and land use alliance, with public sector support
An initiative aiming to transform food and land use systems to be more climate resilient through mechanisms such as climate-smart agriculture, production intensification, and smallholder support was launched Sunday, with country commitments set to be included in national climate plans.
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