Philanthropic dollars for CDR contracting, panellists warn
Philanthropic funding for carbon removal (CDR) is becoming dangerously concentrated, panellists said on Wednesday, with one observer noting that half of all grant-making in the sector could be controlled by just three funders.
Read MoreCompanies delaying carbon removal purchases amid policy uncertainty -survey
Demand for carbon removal (CDR) may be stalling, despite rising corporate net zero commitments and growing recognition that they will be needed later this century for wider global climate goals, a new policy brief based on interviews with corporate sustainability leaders has found.
Read MoreMethane certifier launches registry for crude oil emission cuts
A certifier of methane emissions has launched a new registry for reductions from crude oil operations, and expects to certify its first crude oil production facility in the coming weeks, it announced on Wednesday.
Read MoreMajor US forest offset buffer pool may be six-fold short of reversal risk needs -report
The buffer pool used for forest offset projects under a major US compliance programme is likely too small by an average factor of 6.3 to cover reversals from wildfires, drought, and insect outbreaks over 100 years, according to a paper published Wednesday.
Read MoreBRIEFING: Carbon removal buyers need stronger risk tools, as demand remains uncertain
Carbon removal (CDR) buyers remain constrained by delivery risk, high prices, unclear claims frameworks, and fragmented market data, experts said on Tuesday, as voluntary demand continues to play a limited role in scaling the still-nascent sector.
Read MoreANALYSIS: EU opening for Article 6 in CBAM sends “positive signal” for credit demand, but puts climate credibility at risk
Allowing EU importers to deduct international carbon credits from their Carbon Border Adjustment Mechanism (CBAM) fees is an endorsement of the UN’s Article 6 carbon markets – but some worry it may come at the expense of the mechanism’s climate integrity.Â
Read MoreWorld is turning to solar after energy shocks, still chance to limit warming to 2C -analysts
Solar will become the world’s largest generator of electricity by 2032 amid a rush to energy self-sufficiency, and there is still a chance to limit global warming to 2C by century-end if countries become “serious” about net zero goals, according to a new report.
Read MoreTurkiye throws focus on electrification, clean energy ahead of COP31
Turkiye’s incoming COP31 presidency is calling to speed up electrification around the world, arguing that the energy crisis underscores the importance of renewable energy, as well as diversification of sources.
Read MoreUPDATE – Tech giant issues call for methane certificates
A US-based tech company has issued a request for proposals to procure low-methane intensity certificates, to offset increased natural gas emissions due to data centre build-out.
Read MoreBiodiversity credit analysis platform rolls out update
Bloomlabs updated its biodiversity credit analysis platform on Wednesday with changes to data presentation on pricing, supply, and demand.
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