BRIEFING: EU, UK going their separate ways on carbon removals, despite ETS linking talks
Britain and the EU say they are open to discussions on aligning their carbon removal (CDR) policies, but are pursuing separate pathways for now until talks to link up their respective emissions trading schemes (ETSs) deliver, officials have said.
Read MoreMicrosoft buys over 1 mln BECCS carbon removal credits from Norway plant
Microsoft has inked another large carbon removal deal, buying 1.1 million bioenergy with carbon capture and storage (BECCS) credits from a facility in Norway.
Read MoreDAC developer signs 7-year carbon removal agreement with credit buyer
A Montreal-based direct air capture (DAC) developer has signed a 7-year agreement with a carbon removal buyer, boasting that the credits both neutralise emissions and provide long-term strategic value.
Read MoreJapan to add J-Credit methodologies for special concrete, feed additive
The committee steering Japan’s J-Credit programme is seeking to add methodologies that allow for generating credits from the use of environmentally friendly concrete and feed additives.
Read MoreGoogle emissions climb 6% in 2024, carbon removal credit purchases up 14-fold
Google’s total greenhouse gas emissions rose by more than 6% in 2024, while the tech giant’s portfolio of contracted carbon removal credits increased 14-fold year-on-year.
Read MoreUK confirms ‘one-in, one-out’ approach to CDR inclusion in ETS
The United Kingdom is committed to include permanent, high-quality carbon removals (CDR) into its Emissions Trading Scheme (ETS), a senior official confirmed, saying the government will initially follow a strict ‘one-in, one-out’ approach where each tonne of CO2 removed from the atmosphere is matched by a corresponding allowance withdrawn from the market.
Read MoreAustralia opens sea dumping CCS consultation
Australia on Friday began a public consultation process for sea dumping carbon capture and sequestration (CCS), releasing draft guidance documents for domestic projects.
Read MoreAlberta backs DAC pilot with C$5 mln TIER fund investment
Alberta will invest C$5 million ($3.67 mln) from the province’s Technology Innovation and Emissions Reduction (TIER) programme to support a direct air capture (DAC) innovation and commercialisation centre, the provincial government announced Wednesday.
Read MoreOnly high-integrity, permanent carbon removals should enter EU ETS -think tank
The European Union should move swiftly to integrate permanent carbon removals (CDRs) into its flagship Emissions Trading System (EU ETS), a think tank has recommended – but only in a phased, tightly governed approach to ensure environmental integrity and market stability.
Read MoreLCAW25: Turning sunlight into stone methodology promises to break the mould for durable CDR
A new durable carbon removal (CDR) methodology plans to credit transforming sunlight into stone, it was announced at London Climate Week.
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