BECCS, DAC small factor in net zero Canada -report
New projections by a federal regulator suggest carbon capture technologies like bioenergy power generation with carbon capture, utilisation, and storage (BECSS), and direct air capture (DAC) aren’t yet ready to play a major role in Canada’s net-zero future.
Read MoreCalifornia senator makes another attempt to set ground rules for CDR
A California senator introduced a CO2 removal (CDR) bill on Wednesday, the second attempt by the lawmaker to prescribe rules surrounding CDR development in the state in recent years.
Read MoreDATA DIVE: UN postpones 2035 NDC deadline after few countries submit plans on time
The UN has pushed the deadline for the submission of new Nationally Determined Contributions (NDCs) to September, after just a handful of countries sent them in ahead of the initial date of Feb. 10.
Read MoreUS CCS projects may capture more than 30 MtCO2 annually from ethanol production -research
By the end of 2024, 51 carbon capture and sequestration (CCS) projects in the US were in the planning stages aiming to store at least 30.5 million tonnes of CO2 each year from ethanol refineries, according to a research study released Wednesday.
Read MoreERW could cut CO2 by up to 300 mln tonnes annually in US by 2050 -report
Deploying basalt-based enhanced rock weathering (ERW) in US agriculture could remove between 160-300 million tonnes of CO2 annually by 2050, and 250-490 mln tonnes by 2070, according to a new study published this week.
Read MoreGlobal organisation launches first accounting standard for cocoa, outlines carbon removals framework
An international organisation has announced the world’s first accounting standard for the cocoa sector, setting a framework for companies to report Scope 3 emissions and measure carbon removal.
Read MorePetrobras launches bioeconomy fund eyeing carbon, biodiversity credits
Brazilian state-owned oil company Petrobras has established a bioeconomy fund to support climate- and nature-focused initiatives in the country, with plans to target carbon and biodiversity credit projects.
Read MoreBRIEFING: Experts confident of strong CORSIA supply and demand, including from US
Carbon market participants are confident that there will be both strong supply and demand for CORSIA credits, including from US airlines, despite political developments this year that have cast uncertainty over international climate initiatives.
Read MoreINTERVIEW: Hybrid DAC developer eyes scale-up with ‘water-positive’ approach
Hybrid direct air capture (HDAC) technology could help drive down the cost of carbon removals (CDR) by capturing both CO2 and water in a single process, the founder and CEO of a California-based firm told Carbon Pulse.
Read MoreWCI Markets: CCAs hover above $30 with limited upside
Benchmark California Carbon Allowance (CCA) prices found support around the $30-handle, but traders questioned whether this level would sustain ahead of the first quarterly permit sale in a few weeks, while activity in Washington Carbon Allowances (WCA) was limited.
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