WEF launches CDR finance challenge to tackle market bottlenecks
The World Economic Forum has opened applications for a new CO2 removal-focused innovation challenge, seeking early-stage firms working to address persistent financing and market barriers in the nascent sector.
Read MoreCarbon cost pass-through, financing constraints to dictate heavy industry transition under rising carbon prices -study
Energy-intensive firms’ ability to pass carbon costs on to customers and secure sufficient financing will be decisive in determining whether they can survive tightening climate policy and deliver decarbonisation, according to new research.
Read MoreBRIEFING: Chocolate factory, biochar developer seek some sweet supply chain decarbonisation
A Californian bean-to-bar chocolate company helped co-found a biochar tech platform through which it plans to decarbonise its cocoa supply chain while converting agricultural waste into biochar.
Read MoreCFTC: Managed money builds net length in RGAs, CCAs
Financial players extended their net length in California Carbon Allowance (CCA) and RGGI Allowance (RGA) holdings, moving in opposite directions from emitters, according to the latest data from the US Commodity Futures Trading Commission (CFTC).
Read MoreCompanies face climate litigation risk from internal inconsistency, not lack of ambition -report
Companies face growing exposure to climate litigation not from a lack of environmental ambition but from gaps between public commitments and operational reality, a report published on Thursday found.
Read MoreRGA surge continues on Friday as futures fly past $37 to new all-time highs
RGGI Allowance (RGA) futures continued to surge to new all-time highs on Friday, rising more than 12% on the day as prices crossed the $37 mark, with traders attributing the rise to a continuation of Thursday’s rally amid tight market dynamics.
Read MoreUS lawmakers urge EU to resist pressure from Trump administration to weaken bloc’s deforestation law
US lawmakers have urged the European Commission to resist pressure from Washington to dilute its landmark anti-deforestation law, warning that proposed concessions risk undermining both environmental integrity and businesses that have already invested in compliance.
Read MoreFragmented carbon pricing limits agriculture offsets in Canada despite 37 Mt abatement potential -report
Canada’s industrial carbon pricing system is failing to harness agriculture’s emissions-cutting potential, with fragmented markets and weak policy design limiting a sector that could abate more than 37 million tonnes (Mt) per year by 2030, according to a report published Thursday.
Read MoreDurable CDR shows mixed delivery over past five years, biomass outperforms expectations -analysis
Durable carbon removal (CDR) methods have delivered unevenly over the past five years, with biomass-based approaches generally outperforming expectations, according to analysis published Friday.
Read MoreGlobal wave of LNG delayed by at least two years, says IEA amid warning to diversify energy portfolio
The US and Israeli war against Iran has delayed a wave of fresh liquefied natural gas (LNG) production capacity by at least two years, according to the International Energy Agency (IEA).
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