US government support for DAC will be catalyst for further private capital into sector, says developer
US government support to advance direct air capture (DAC) through the Department of Energy’s $3.5 billion to be invested in four regional DAC hubs over the next five years, and its identification of specific hubs to receive that investment, is a “huge proof point” for the sector and technology, a leading DAC developer told a conference on Thursday.
Read MoreUK should implement EU-style CBAM to keep trade going strong in Northern Ireland, says study
The UK should link its ETS with that of the EU and implement an equivalent EU-style carbon border adjustment mechanism (CBAM) in order to prevent any negative impacts on Northern Ireland trade as the EU CBAM enters into force on Oct. 1 and companies look to circumvent the impact of paying higher customs tariffs on carbon-intensive goods, according to a study published on Monday.
Read MoreFEATURE: Complexity of Australia soil carbon calls for software, scale, and long-term thinking
Australia’s farmland holds great potential for generating Australian Carbon Credit Units (ACCUs), but scaling up the market will require technologies capable of doing complex soil carbon measurement and auditing software to track the increase in soil carbon stock, in addition to willingness from farmers to change their management practices.
Read MoreFEATURE: Kelp-hosting sea caves reach new depths on carbon removals, promise multiple benefits
A California-based developer that uses manmade structures on the seabed to harvest carbon-sequestering kelp has signed its first offtake agreement for the resultant blue carbon credits and says that investor interest is strong in the projects thanks to the multiple benefits they deliver for marine life, climate change, and coastal communities.
Read MoreFrance extends the permissible run-time of its two coal plants as insurance against winter blackouts
France’s two remaining coal power plants have been allowed to operate for longer in case of winter blackouts thanks to a temporary relief of emissions reduction standards through 2024, announced the energy transition ministry.
Read MoreIreland works towards adopting a similar woodland code to the UK, says corporate looking to invest
Ireland is working towards adopting a similar code to the UK’s Woodland Carbon Code (WCC) to incentivise reforestation and afforestation projects, according to an Irish property developer looking to offset its residual emissions by financing tree planting on its home turf.
Read MoreINTERVIEW: UK positions itself at forefront of race to develop AI for industrial decarbonisation
A new government-funded centre in the UK aims to expand the use of artificial intelligence (AI) for industrial decarbonisation, with a focus on how AI can help the energy, manufacturing, agriculture, and buildings sectors operate more efficiently and with lower carbon emissions.
Read MoreLeading US retailer pilots pioneering carbon capture to create CO2-based clothing for the masses
A large US retailer is partnering with a technology startup to capture CO2 in its manufacturing facilities and supply chain and convert that CO2 into yarn for an apparel collection, aiming to reach price parity with standard textiles such as lyocell and viscose.
Read MoreFEATURE: To unlock blue carbon’s vast potential, clear standards, accurate pricing, and scalable technology are needed
Progress is being made to advance the fledgling market for blue carbon through dedicated methodologies and capacity building efforts, yet more could be done to enable project developers to access the carbon markets more effectively and to scale projects faster, say industry experts.
Read MoreUK backs AI for industrial decarbonisation with funding for innovation and R&D
The UK government is investing several million pounds in accelerating the use of artificial intelligence (AI) to reduce the carbon footprint of industry, with funding for AI projects dedicated to improving renewable energy generation and support for a UK-based research centre focused on using AI for decarbonisation.
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