New project aims to position African nation as DAC leader
A new direct air capture (DAC) project in East Africa has begun operations, marking the fastest deployment yet of the burgeoning technology, according to its backers.
Read MorePlanting trees still best form of CO2 removals –study
Tree-planting is the most cost-effective form of carbon removals, as long as climate and economic risks are considered, concluded a new study.
Read MoreUS climate tech firm targeting methane receives $10 mln investment
A climate solutions company specialising in technology to cut methane emissions and deliver affordable zero-emissions hydrogen has closed on a $10 million investment to further develop its offering.
Read MoreCarbon capture tech company eyeing $7-9 mln private fundraising
A carbon capture technology company is looking to raise capital via a private placement of shares to fund expansion into the US and develop its technology further.
Read MoreEnrolment imminent for $80-mln US climate-smart ag programme
An $80-million climate-smart agriculture programme in the US aiming to test a new model to measure net GHG impacts will soon be open for enrolment in four states.
Read MoreNZ ETS auction declines again, 23 mln NZUs to get cancelled
Wednesday’s quarterly NZ ETS auction declined, completing a year of failed allowance sales, which will result in the entire year’s worth of auction volume being cancelled.
Read MoreCOP28: Plans to restart oil and gas exploration in New Zealand makes UN climate talks ‘awkward’
Plans by the new right-wing coalition government in New Zealand to lift the ban of offshore oil and gas exploration will make things uncomfortable for the country’s negotiators at COP28, according to observers, with the Pacific nation often taking an outsized leadership role at the UN climate talks despite its small size.
Read MoreNew Zealand emissions on track for historic low -minister
New Zealand is poised to announce its lowest emissions this century, the country’s climate minister, James Shaw, said on Tuesday.
Read MoreNZ Market: NZUs soar to fresh highs as climate commission doubles down on higher auction price settings
New Zealand carbon allowances soared past NZ$40 ($28.81) to new record high levels on Wednesday, following the release of the independent Climate Change Commission’s final advice to the government on the country’s carbon budgets out to 2035.
Read MorePREVIEW: NZ ETS participants brace for higher prices as auctions begin
Participants in New Zealand’s carbon market are expecting prices to trend higher this year, with this week’s start of allowance auctions heralding a new phase for the 13-year-old ETS.
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