DATA DIVE: Record number of new VCM entrants in 2024 a positive sign for the market
A record number of new entrants in the voluntary carbon market (VCM) in 2024 offers a positive signal, participants have said, despite lacklustre overall volumes and weak price movement over the past year.
Read MoreVerra flooded with suggestions on improving VCS Programme
Verra was inundated with comments from stakeholders in response to a wide ranging survey on the core concepts of its Verified Carbon Standard (VCS) Programme, it revealed Friday.
Read MoreINTERVIEW: Startup capturing CO2 from the ocean touts mechanism to curb energy use
A direct ocean capture startup claims to have a unique way to use curtailed renewable energy to power the majority of its energy use, significantly reducing its drain on the electricity grid.
Read MoreCARBON FORWARD MIDDLE EAST: Annual CORSIA carbon market valuation to exceed current VCM in Phase 1 -analysts
The price of carbon credits eligible for CORSIA Phase 1 (2024-26) could reach as high as $51 per tonne based on the current supply and demand outlook, with the annual market valuation for the period to exceed the current total for the entire VCM, according to analysts speaking at the Carbon Forward Middle East conference this week.
Read MoreUK startup raises $13 mln to scale limestone-based DAC technology
A London-headquartered limestone-based carbon removal (CDR) provider announced Thursday it has secured $13 million in Series A funding.
Read MoreShopify ends 2024 with $36.3 mln in carbon removal deals
Shopify spent $36.3 million on carbon removal (CDR) in 2024, increasing its total commitment to $83.9 million, the e-commerce company announced on Thursday.
Read MoreAnalysts predict big 2025 ramp-up for CCUS
The world looks close to adding 20% new carbon capture utilisation and storage (CCUS) capacity in 2025, a leading energy consultancy said this week, calling it the “largest annual increase to date”.
Read MoreWCI Markets: Aftershocks of ETS rulemaking delay keep CCA volatility high
Another delay to highly anticipated cap-and-trade rulemaking jolted California Carbon Allowances (CCA) prices in the secondary market briefly to near three-year lows on Tuesday, with volatility driving up option prices.
Read MoreGoogle inks second 100k biochar carbon removal deal
Google signed a second large biochar carbon removal deal Thursday, buying 100,000 tonnes of CO2 through 2030 from a California-based developer.
Read MoreToyota’s US subsidiary settles falsified emissions testing lawsuit for $1.6 bln
A Toyota subsidiary agreed to plead guilty to charges of emissions fraud, resulting in a $1.6 billion settlement, the US Department of Justice (DOJ) said Wednesday.
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