CARBON 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.
Read MoreBRIEFING: Political turmoil, US tax incentives threaten Canada’s CFR
The ongoing political transition in Canada and federal biofuels tax credits in the US could jeopardise Canadian clean fuel programmes, panellists at a conference said Thursday.
Read MoreBRIEFING: LCFS changes, harmonisation between programmes top US biofuel industry wish list -panellists
Looking at the year ahead, the biofuels industry will be balancing programmes across different states and federal jurisdictions, with new sustainability guardrails in California’s Low Carbon Fuel Standard (LCFS), panellists said at a technical conference in California.
Read MoreUS DOE awards $6 mln towards methane emission reduction technology
Two energy industry companies have been awarded nearly $6 million from the US DOE to scale up technology aimed at reducing methane emissions.
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