UPDATE – UK government updates on business plans for GHG removals and bioenergy with carbon capture
The UK government on Wednesday published updates on its plans for greenhouse gas removals and bioenergy with carbon capture, as part of the country’s measures to meet a legally-binding commitment to reach net zero emissions by 2050.
Read MoreGermany set to cut climate spending by €45 billion, hike carbon pricing to balance budget
Germany is set to spend billions less than planned on climate and energy transition projects each year to 2027, in order to balance the government budget following a court ruling.
Read MoreBNP Paribas launches fund to finance climate change mitigation
BNP Paribas Asset Management said on Wednesday that it has launched a new fund designed to finance energy transition projects across Europe.
Read MoreCarbon removals registry unveils methodology for geological storage
Startup registry Isometric said on Wednesday that it has developed a new protocol for permanent carbon removal using bio-oil geological storage, and plans to unveil three more protocols over the next three months.
Read MoreEU votes to adopt critical raw materials act as part of its green deal
The EU formally adopted its Critical Raw Materials Act on Tuesday after a vote by MEPs, as the bloc attempts to shore up domestic production of the materials that will be needed for the transition to clean energy.
Read MoreScientists call for retraction of study that questioned REDD projects
A group of scientists has called for a retraction of research published earlier this year that called into question the climate impact of some REDD forest protection projects, saying it contained “major flaws.”
Read MoreUK energy-from-waste firm plans £800 million carbon capture and removals project
UK energy-from-waste company enfinium said on Monday that it plans to invest up to £800 million in CCS technology, creating what it says would be one of the largest carbon removal projects in Europe.
Read MoreFrance adds two more carbon methodologies to its certification system
Two more carbon-counting methodologies have been added to the French government’s carbon credit certification programme, the ministry of ecological transition said this week.
Read MoreEU’s proposed Net Zero Industry Act moves closer to becoming law
EU nations on Thursday adopted a unified position on the Net Zero Industry Act, advancing the bloc’s proposed response to green industry legislation worldwide and in particular the US Inflation Reduction Act.
Read MoreUK’s energy supply could need £900 billion to reach net zero by 2050 -report
More than £900 billion in public and private investment could be needed to ensure the UK’s energy supply achieves net zero by 2050, requiring strong commitment and collaboration from banks, investors, government, and energy companies, according to a report published on Thursday.
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