ANALYSIS: Momentum for direct air capture growing in new countries, but US still the standout
Momentum is building in specific markets for direct air capture investment, according to attendees at a carbon dioxide removal (CDR) event held in Zurich this week.
Read MoreDATA DIVE: Big spenders – Where does the EU channel its ETS revenues?
The EU ETS has helped bring down emissions from power and industry by 47% since 2005, and the money raised each year through the auctioning of carbon permits brings in a substantial amount of income to the bloc, with billions channeled towards clean energy projects, data shows.
Read MoreCarbon capture firm unveils new technology in bid to slash costs 50% by 2030
A direct air capture (DAC) company has unveiled a new iteration of its technology as it aims to scale carbon removal capacity globally and slash costs, also announcing that Australia represented its ‘next frontier’ as it signalled investment interest in the country.
Read MoreRecord number of companies set to release data on climate disclosure platform
A record number of companies are expected to release their data on a new climate disclosure platform, which has been designed to simplify corporate sustainability reporting and aid firms in aligning with emerging global standards.
Read MoreWeak pricing continues to impact EU ETS efficacy, finds report
Weak carbon pricing in the EU Emissions Trading Scheme (ETS) is continuing to limit the incentive for polluters to decarbonise, according to a new report published Thursday.
Read MoreRich countries surpassed $100 bln climate finance pledge in 2022, OECD confirms
Developed countries finally surpassed the target of providing $100 billion annually in climate finance for developing countries in 2022, two years after the original deadline, according to a new climate finance assessment from the OECD.
Read MoreDATA DIVE: Shell’s dominance of the voluntary carbon market drives retirements surge
Anglo-Dutch oil major Shell has dominated the voluntary carbon market (VCM) over the past six months, retiring 14% – or one seventh – of all credits retired between Nov. 2023 and April 2024, Carbon Pulse analysis has shown.
Read MoreUK fund secures £20 mln for early-stage climate tech ventures in Europe
A UK venture capital firm has successfully closed a £20 million funding round to invest in European pre-seed and seed-stage companies developing scientific solutions for decarbonisation.
Read MoreOffset registry partners with insurance firm to enhance credit buffer management
A major offset registry is partnering with a specialist carbon insurance company to develop “next generation buffer management”, the two firms announced on Thursday.
Read MoreCBAM risks hampering power decarbonisation in UK and Balkan countries, energy traders say
The design of the EU’s Carbon Border Adjustment Mechanism (CBAM) risks creating a counter-productive impact on EU electricity decarbonisation, a key policy official at Europe’s energy traders association told a conference on Wednesday.
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