Addressing uncertainty, closing funding gap key to scaling EU carbon capture, finds report
Tackling regulatory barriers, improving financial incentives, and ensuring effective carbon accounting mechanisms is key to scaling carbon capture and utilisation (CCU) technology in the EU, according to a report released on Thursday.
Read MoreSylvera launches biochar carbon project ratings
Carbon ratings firm Sylvera released a framework on Thursday detailing the criteria for assessing biochar projects, with requirements on carbon sequestration, financial viability, and permanence, which will see it start to assess the quality of activities in this segment of the durable carbon removal sector.
Read MoreGreens push for strong EU clean tech policy, echoing industry’s demands
The Greens in the European Parliament have urged the EU Commission to take a bolder approach to industrial policy in its upcoming initiative for a Clean Industrial Deal, echoing demands from the European clean tech industry.
Read MoreSwiss insurance firm partners with German climate tech on in-kind carbon credit cover
A Switzerland-based carbon insurance startup announced it has teamed up with a German climate tech firm to provide in-kind insurance for its carbon credit projects.
Read MoreClimeworks secures carbon removal deals with tech giant, distillery
Climeworks has signed two new agreements with a tech giant and alcohol distillery to remove over 6,000 tonnes of CO2 combined, the Swiss carbon removal (CDR) provider announced on Wednesday.
Read MoreConfidence in UK’s net zero goal tumbles amid policy and investment roadblocks -report
Confidence in the energy sector’s ability to reach net-zero targets has plummeted, with just 16% of senior executives believing 2050 goals are achievable, down from 45% last year, according to a report by a UK-based trade group.
Read MoreInvestor backing for climate resolutions hits new low as top asset managers reject proposals -report
Major asset managers opposed most climate resolutions in 2024, with only two out of 73 passing in their worst voting performance yet, a report released on Tuesday said.
Read MoreFirst marine carbon removal tests show “minimal” impacts on wildlife, but more needed
Early monitoring, reporting, and verification findings for a marine carbon removal project suggest “minimal” environmental impact from the removal process, although further large-scale testing is needed, according to the California-based developer.
Read MoreUS rollback on net zero pledge cuts global commitment coverage to 78%, research group says
The US government’s decision to scrap its 2050 net zero target has cut the share of the global economy covered by national net zero commitments from to 78%, from 93%, according to data by an independent research consortium.
Read MoreIngka launches net zero plan, aims to phase out fossil fuels by 2030
Sweden’s Ingka Group on Monday unveiled a net zero transition plan as part of its commitment to halve absolute emissions across its value chain by 2030 and reach net zero by 2050.
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