Canadian project developer and UK tech firm partner for direct air capture plant
A Montreal-headquartered CO2 removal (CDR) project developer and a London-based direct air capture (DAC) company on Monday announced plans to demonstrate the technology at a facility in Quebec.
Read MoreField testing for ocean-based carbon removal is necessary, but hurdles are steep, experts say
Proving marine CO2 removal in the field is necessary to scale the nascent technology, but further private sector funding and government support are needed for the development of research, expert panel says.
Read MoreCorresponding adjustments will “kill the voluntary market”, carbon standard argues
Any potential mandate for corresponding adjustments in the voluntary carbon market will depress activity in the space, though alterations to host country emissions inventories can still be useful in some instances, a conference heard Thursday.
Read MoreICVCM teases possible CCP-labelled futures contracts, outlines potential fast-tracking
Futures contracts for carbon credits tagged with its Core Carbon Principles (CCP) moniker could appear soon, a member of the Integrity Council on the Voluntary Carbon Market’s (ICVCM) executive body said Wednesday, as the cross-stakeholder group has introduced working groups that could fast-track some offset categories for labelling.
Read MoreDirect air capture developer to pursue certification with carbon removal platform
A direct air capture (DAC) project developer on Monday announced that it is partnering with a carbon credit registry to achieve certification of its carbon dioxide removal (CDR) services under the latter’s standard.
Read MoreLabour leaders advocate for workers’ concerns in New York cap-and-invest programme design
In a webinar Friday, a panel of labour representatives cautioned the state against over-zealous regulation in its forthcoming cap-and-invest programme, while urging the protection of workers and jobs.
Read MoreUS legislators introduce bill for national programme on carbon removal R&D
A US congressman and senator introduced companion bills on Thursday that would launch a 10-year, multi-agency programme for research, development, and demonstration of multiple varieties of carbon removal technologies.
Read MoreGlobal investment firm announces close of $1 billion climate venture fund
A global investment firm on Thursday announced the closing of one of the largest climate-focused funds to date, and will target investments in early- and growth-stage startups that drive timely decarbonisation.
Read MoreCarbon crediting startup receives $4.6 million in seeding to further expand into commercial market
A US-based startup that connects small farmers to the carbon market raised seed funding from a group of venture capitalists and angel investors, the company announced Wednesday.
Read MoreInvestor initiative identifies barriers to growth for nature-based solutions
A public-private network for investors in forests and nature in its first annual report on Wednesday highlighted a number of case studies demonstrating successful strategies for scaling nature-based solutions (NBS).
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