US bank signs second carbon removal deal with bio-oil developer
A large US bank has signed its second carbon removal offtake deal with a developer of bio-oil projects, bringing its total commitment with the company to 90,000 tonnes.
Read MoreEU set to integrate carbon removals into national climate goals for the first time
Member states will for the first time be able to use EU-certified permanent carbon removal credits to meet their national climate targets for agriculture, forestry, and other non-ETS sectors under proposals due to be presented later this year, a senior official has said.
Read MoreUK waste wood BECCS project files planning application
A UK energy-from-waste wood company has submitted a planning application to add carbon capture technology to an existing bioenergy plant, it announced last week.
Read MoreFederal, policy roadmap shows US incentives needed to unlock 1 mln tonnes mCDR
Flagging waning federal investment in marine carbon removal (mCDR), a non-profit published a roadmap on Monday with policy and regulatory changes the US needs to implement to advance to the million-tonne scale of deployment.
Read MoreCarbon removal registry seeks to certify credits under EU’s CRCF
A major carbon removal (CDR) registry will evolve to issue three different classes of credits, it said Tuesday, after announcing plans to certify units under the EU’s Carbon Removals and Carbon Farming (CRCF) scheme.
Read MoreCarbon removals vulnerable to uncertain demand, concentration -report
Concentration among a handful of buyers, weakening prices, and policy uncertainty are threatening the scale-up of carbon removal (CDR) despite recent growth in the sector, according to a report released on Tuesday.
Read MoreF1 racing engineers play a role in soil carbon measurement breakthrough
A developer of enhanced rock weathering projects has worked with Formula 1 racing engineers on a new soil carbon measurement process that significantly reduces sampling time and associated emissions.
Read MoreVCM Report: CORSIA prices struggle to recover despite hopes for post-war demand rebound
CORSIA prices failed to rebound last week, with price assessments for eligible units down by more than 12% week-on-week and benchmark ICE futures dipping below $10/tonne amid higher jet fuel prices, even as market executives expressed hope for resurgence in demand once the Middle East conflict ends.
Read MoreAustralian biochar developer begins pyrolysis trial in Queensland
An Australian biochar developer has begun harvesting and pyrolysis trials at a project in North Queensland that aims to convert invasive woody biomass into biochar-based carbon removals (CDR).
Read MoreMajor DAC developer clinches backing for future plant in North America
The developer of the world’s largest direct air capture (DAC) facility has received backing to develop a new plant in North America alongside a mix of other carbon removal (CDR) projects.
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