Launch of £1 mln insetting fund to reward British farmers for sustainable practices

Published 15:00 on January 3, 2025  /  Last updated at 15:00 on January 3, 2025  / /  EMEA, Voluntary

A new £1 million insetting fund has been launched to reward farmers in the UK for adopting sustainable practices, funded by prominent retailers and landowners.

Read More

Denmark’s carbon tax and climate finance efforts integral to low-carbon drive -study

Published 12:14 on January 3, 2025  /  Last updated at 12:14 on January 3, 2025  / /  EMEA, EU ETS

Denmark’s long-running carbon pricing scheme has been key in reducing emissions from energy-intensive industries, alongside other climate finance strategies such as green bonds and climate-focused venture capital, a new study has found.

Read More

Nigeria pushes oil companies to advance carbon projects with new regulatory framework

Published 10:14 on January 3, 2025  /  Last updated at 10:14 on January 3, 2025  / and /  Africa, EMEA, Voluntary

Nigeria’s upstream oil regulator has introduced a regulatory framework requiring oil and gas operators to integrate carbon projects and other decarbonisation strategies into their operations.

Read More

Digitalisation increasingly used by oil and gas industry to curb emissions -report

Published 10:44 on January 2, 2025  /  Last updated at 10:44 on January 2, 2025  / /  International, Voluntary

Oil and gas companies are increasingly deploying digital technologies such as artificial intelligence and robotics for benefits such as emissions reduction, productivity gain, and supply chain optimisation, a new report has found.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More