“Prudent” global CO2 storage cap at just a tenth of industry claims, can cut only 0.7C of warming, researchers warn
The world can safely store far less CO2 underground than previously assumed, with the true potential capped at around a tenth of industry estimates, according to a new study.
Read MoreCarbon offsets company co-founder to plead guilty in $248 mln fraud case
A co-founder and the largest shareholder of a California-based carbon offsets company has agreed to plead guilty to defrauding investors and lenders of more than $248 million, US prosecutors said on Thursday.
Read MoreRJ Reynolds, BAT move to dismiss California carbon neutral vape class action
RJ Reynolds Vapor Company, its affiliates, and parent British American Tobacco (BAT) plan to move to dismiss a proposed class action in California that accuses them of misleading consumers by marketing Vuse e-cigarettes as carbon neutral.
Read MoreResearchers see limited short-term risk of EU’s CBAM to China, but could bite harder if expanded to other sectors
The EU’s planned Carbon Border Adjustment Mechanism (CBAM) will have only a minor effect on China’s economy in its initial stages, but could inflict significant losses if extended across more sectors, according to new research.
Read MoreStar Royalties’ Green Star reports more credit sales, eyes additional long-term offtake agreements
Star Royalties’ carbon credits arm, Green Star Royalties, progressed monetisation of its US forest portfolio in Q2 while pivoting further toward contracted offtakes and new cleantech deals, company filings show.
Read MoreSouth Africa proposes allowing removals, tightening emitter penalties under carbon tax
South Africa is preparing to further modify its carbon tax regime from 2026 by recognising CO2 removals and increasing penalties for companies that emit above their quotas, according to draft legislation published by the National Treasury last week.
Read MoreCash for crap: Researchers see biochar from human waste as fertiliser, carbon credit opportunity
Turning human excreta – namely faeces and urine – into biochar could provide a significant share of the world’s fertiliser needs while generating carbon removal credits, according to a new study that positions waste recycling as a pillar of both food security and climate mitigation.
Read MoreUS court blocks arbitration in dispute over “failed” carbon credit investment pool
A temporary restraining order has been granted by a US court blocking two firms from pursuing emergency arbitration in a dispute over a collapsed carbon credit investment pool, according to legal documents reviewed by Carbon Pulse.
Read MoreUS Congress advisory office publishes improvement guidance for voluntary carbon market
A US non-partisan Congressional advisory office has released new guidance for lawmakers to improve the integrity and transparency in the voluntary carbon market (VCM), outlined in a report published Wednesday. Â
Read MoreOffset financier Q2 profit drops as it banks on CORSIA boost
A Canada-headquartered offset project financier has recorded a large year-over-year drop in net profit on reduced carbon credit sales, while progressing methodology updates that could make its flagship initiatives in Rwanda and Vietnam eligible for ICAO’s CORSIA aviation carbon market.
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