UK lawmakers highlight ‘major risk’ in govt push for carbon capture
A UK parliamentary committee has published a report highlighting significant risks and uncertainties in the government’s carbon capture utilisation and storage (CCUS) programme.
Read MoreGoogle spent over $100 mln on carbon removals in 2024
US tech giant Google spent over $100 million on contracting carbon removal last year, three times more than it had initially planned, the company said Thursday, hinting it would continue to scale up investment in the sector this year.
Read MoreUS stops funding for LEAF Coalition amid wider foreign aid suspension
Washington has suspended funding for the forest finance LEAF Coalition initiative as part of a wider withdrawal from foreign aid under the new administration of President Donald Trump.
Read MoreArcelorMittal expects steel demand rebound in 2025
ArcelorMittal, the world’s second-largest steelmaker, expects significant growth in steel demand this year, it said in annual results Thursday, suggesting a related increase in demand for EU emission allowances to cover the carbon costs.
Read MoreEuropean accelerator announces latest funding cohort, includes Kenya DAC developer
A European carbon removal accelerator has announced its latest funding cohort, including a Kenya-focused direct air capture developer, it said Thursday.
Read MoreNorway’s Equinor cuts clean energy targets in shift back towards oil
Another major European fossil fuel producer has cut its clean energy targets, following BP and Shell watering down their climate goals last year.
Read MoreTotalEnergies raises carbon credit spend in 2024
French energy giant TotalEnergies increased its annual spend on carbon credits 2% year-on-year to $49 million in 2024, according to financial results published Wednesday.
Read MoreNorway must finalise emissions accounting with EU before sealing Article 6 carbon trade deals
Norway is waiting to finalise important technical elements of its cooperation with the EU on emissions accounting and climate policy before advancing any deals for international carbon trade under the Paris Agreement, it confirmed in a transparency report published on Tuesday.
Read MoreDenmark moves to compensate CO2 tax burden on fisheries until 2030
Denmark will help its fishing industry with costs expected from a domestic CO2 levy introduced at the start of this year, according to a government release Monday.
Read MoreICROA endorses Iceland-based carbon registry
An Iceland-based carbon registry has received received full and unconditional endorsement from the International Carbon Reduction and Offset Alliance (ICROA) for its crediting programme.
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