UK waste-to-energy developer plans to add CCS to generate carbon-negative power
A UK waste-to-energy company announced Thursday that it is moving ahead with plans to invest £200 million in carbon capture and storage (CCS) technology at a site in Wales, which it says will turn the plant into a carbon-negative power producer.
Read MoreLawmakers finalise first EU-wide regulation to tackle methane emissions from fossil fuels
The European Parliament on Wednesday approved the first EU-wide law aimed a cutting potent methane emissions from the energy sector, including fossil fuel imports.
Read MoreA climate finance quantum leap is essential and achievable, UN’s climate boss says
The world’s major economies and multilateral development banks must lead the way in redirecting trillions of public and private funds towards climate action in the countries that most need it, the head of the UN’s climate unit said on Wednesday.
Read MoreGerman state aid for clean industrial production cleared by Brussels
Brussels has given Berlin the green light to provide €2.2 billion of support for decarbonising industrial production processes, saying it fits under the EU’s framework for allowing state aid in times of temporary crisis and transition, the European Commission announced on Wednesday.
Read MoreEXCLUSIVE: Cookstove project developers poke holes in study alleging rife over-crediting
A consortium of offset developers is hitting back at a recent analysis alleging pervasive over-crediting by cookstove projects within the voluntary carbon market (VCM), pointing to what it calls doubts about the study’s reliability, in an open letter seen exclusively by Carbon Pulse.
Read MoreNorway funds study to assess feasibility of direct air capture and storage plant
A carbon removals developer has secured 26 million Norwegian krone (£1.9 mln) in funding to study the feasibility of building a direct air capture and storage plant in Norway, it announced on Tuesday.
Read MoreG20, MDBs channel $47 bln per year into fossil fuels, while clean energy finance lags -report
G20 countries and multilateral development banks provided at least $47 billion per year to fossil fuel projects between 2020 and 2022, with much less funding flowing to clean energy projects, according to research released on Tuesday.
Read MoreFEATURE: EU set to clamp down on methane, but some worry coal emissions will slip through
The European Parliament is set to approve a widely welcomed law this week designed to reduce potent methane emissions from the EU’s energy sector — although some worry it doesn’t go far enough to plug pollution from vast abandoned coal mines.
Read MoreNew reporting software aims to help companies comply with EU corporate sustainability rules
A climate software firm is launching a new tool to help companies report under the EU’s Corporate Sustainability Reporting Directive (CSRD), which will see more than 50,000 companies worldwide submit new sustainability data to Brussels.
Read MoreTop 50 global corporations falling short on 1.5C-aligned emission cuts -study
An analysis of the voluntary climate commitments made by 51 of the world’s biggest corporations show their emissions would decrease by as little as 30-33% by 2030 compared to 2019 levels — short of the 42-48% reduction needed to keep global warming within 1.5C.
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