INTERVIEW: Canadian CDR player makes push into Australian mining heartland
A Canadian carbon dioxide removal (CDR) firm has announced a wide-scale push into Australia’s mining heartland with two partnerships with local miners and an $8 million boost from two venture capital firms to further its tech, and a separate partnership with the Climate Recovery Institute.
Read MoreLATAM Roundup: REDD+ issuers push for inclusion in compliance schemes
Regional governments, firms, and non-profits involved in REDD+ forest projects all advocated a role for these credits within compliance carbon pricing or payments for ecosystem services (PES) in the week ending Feb. 16.
Read MorePermafrost GHG loss may persist under global net-zero, net-negative emissions -study
Melting permafrost in the northern hemisphere is likely to continue releasing greenhouse gases even under stringent climate mitigation efforts, potentially weakening the effectiveness of CO2 removal (CDR) strategies, a new study warns.
Read MoreCritical for carbon removals to be reserved for hard-to-abate sectors, researchers warn
Carbon dioxide removal (CDR) units must absolutely be prioritised for industries lacking viable decarbonisation alternatives, rather than being used to offset emissions from sectors that can more easily transition, a new study warns.
Read MoreArticle 6 body launches interim registry, approves first CDM transition requests
The Supervisory Body for the Article 6.4 mechanism (SBM) agreed to launch an interim registry to help speed along the operationalising of the Paris Agreement Crediting Mechanism (PACM) at its first meeting of the year, also making the first approvals as part of the Clean Development Mechanism (CDM) transition process.
Read MoreCFTC: CCA price slump draws in investors, RGAs shelved
Investors continued to build net length in California Carbon Allowance (CCA) as futures prices reversed mid-week ahead of the first quarterly permit sale, while traders reduced RGGI exposure amidst US-Canada tariff uncertainty, latest figures from the US Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreWashington state lawmakers propose ETS amendments to enable linkage with California-Quebec
Two Washington state representatives introduced a bill on Friday proposing changes to the state’s cap-and-invest programme to facilitate linkage with other jurisdictions.
Read MoreBipartisan US senators reintroduce nationwide E15 sales year-round legislation
US senators proposed a bill that would fulfill President Donald Trump’s mandate for energy independence, allowing gasoline that is blended with 15% ethanol to be sold year-round.
Read MoreBrazilian NbS group urges govt to engage private sector, follow recommendations for new ETS
An industry group of 20 carbon project developers and non-profits involved in nature-based solutions (NbS) have called upon the Brazilian government to include private sector voices and several other considerations when converting the country’s new ETS law into regulation.
Read MorePennsylvania sues federal agencies as over $3 bln in funds for climate projects still frozen
More than $3 billion in Pennsylvania’s emissions reductions efforts, such as mine reclamation and oil well plugging projects, are under threat as the new administration under President Donald Trump continues withholding money following its federal funding freeze announced last month, according to a lawsuit the state filed Thursday.
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