Canada sustainable finance taxonomy draft carves out future abatement category for fossil fuel emissions cuts
Canada’s sustainable finance taxonomy would include a separate category for select oil and gas emissions-reduction investments, setting up a later fight over guardrails for fossil fuel-related projects seeking climate-aligned finance, according to a draft published this week.
Read MoreCarbon capture partnership targets modular design to cut industrial deployment complexity
A US carbon capture technology developer and a Danish thermal systems engineering company have agreed to standardise molten salt tank systems, aiming to make carbon capture projects more modular and easier to deploy for heavy industry.
Read MoreScaling CDR alongside emissions cuts could halve 1.5C overshoot, study finds
A climate strategy that scales carbon removal (CDR) alongside rapid emissions cuts could reach net zero CO2 seven years earlier than pathways that prioritise either removals or decarbonisation alone, but would face a major geological storage constraint, according to a recent study.
Read MoreCarbon project pathway under review for Kenya land restoration, biomass initiative
A proposed Kenya land restoration and renewable biomass initiative could advance into carbon project development if a new feasibility assessment finds it technically and commercially viable, a Canada-based carbon offset provider said on Wednesday.
Read MoreNon-profit challenges California regulator’s approval of ETS amendments
California regulator ARB’s recent approval of new Cap-and-Invest rules is facing a legal challenge over a non-profit’s claim that the agency did so without adequately analysing environmental and fiscal impacts of the amendments.
Read MoreVerra moves ahead with tighter soil carbon rules for sustainable grasslands credits
Sustainable grasslands carbon projects under a revised Verra methodology would need to validate soil carbon models against changes over time, rather than one-off stock measurements, according to a Tuesday announcement.
Read MoreClimate Litigation Roundup: Fossil fuel cases move from companies to the rules that enable growth
Climate litigation this month focused heavily on the rules and approvals that shape fossil fuel growth, as claimants challenged gas projects, clean air waivers, liability shields, carbon offsetting, and corporate transition claims, and new research found a persistent accountability gap for the companies most closely tied to historical emissions.
Read MoreCanadian developer issued North America’s first certified DAC credits under long-term offtake deals
A Montreal-headquartered developer has been issued North America’s first certified direct air capture (DAC) carbon removal (CDR) credits, setting up the first delivery under long-term purchase agreements extending through 2034.
Read MoreSAF industry must move beyond competing technologies to scaling production, experts say
Scaling sustainable aviation fuel (SAF) production, rather than competing over technologies, is now the industry’s biggest challenge, experts said on Thursday.
Read MoreAfrican tropical forests remove enough carbon to offset most land-use emissions, study finds
Tropical moist forests across 18 African countries removed enough carbon to offset most land-use emissions between 2015 and 2019, though researchers said uncertainty means the region’s overall carbon balance remains unresolved.
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