EU aims to launch blue carbon credits in 2030
The European Commission is developing a new blue carbon credit certification system that aims to reward the expansion and creation of marine ecosystems for their role in absorbing CO2, a senior official said, while presenting the EU’s new island and coastal strategy.
Read MoreFEATURE: Data centres are steering the course on the next wave of energy supply
As creditworthy offtakers with significant energy requirements, data centres can be a key driver of the clean energy transition, especially as tech companies seek to curb their environmental impact, say experts.
Read MorePoland presses EU to ease carbon market pressure on cement CCS plans
The Polish government is urging the EU to dial back a planned tightening of its carbon market after 2030, warning that an “artificial scarcity” of allowances could undermine investments in carbon capture and storage (CCS) technology needed to decarbonise the country’s cement industry.
Read MoreSBTi’s new Corporate Net-Zero Standard recognises companies that address ongoing emissions
The Science Based Targets initiative (SBTi) has published its long-awaited Corporate Net-Zero Standard Version 2.0, which recognises companies that address their ongoing climate impact, including through the additional buying of high-quality reduction or removal credits, and plans to mandate such action from 2035, but stops short of permitting any offsetting to account for in-chain emissions.
Read MoreIndia carbon credit startups struggle for capital despite growing ambitions
India’s carbon credit startup ecosystem remains dwarfed by other climate technology sectors, attracting just a fraction of the investment flowing into electric vehicles, renewable energy, and battery storage, new data showed.
Read MorePoor communication on CCS is becoming a “political problem”, Danish MEP warns
Carbon capture and storage risks turning into a political liability in Europe because most people – including many politicians – have never seen it in action, Danish lawmaker Niels Flemming Hansen has warned, urging reforms to the EU carbon market to better support industrial decarbonisation and carbon dioxide removals (CDR).
Read MoreBRIEFING: Canadian CDR signal strong despite climate policy rollback
Canada’s pullback on climate policies in pursuit of energy and economic security doesn’t have to be at odds with its signal to ramp up its carbon removal (CDR) sector, industry players said at a recent event.Â
Read MoreVerra launches development of next round of methodologies, eyes super pollutants from refrigeration
Verra launched development of several new or revised standards, including a new methodology for avoiding super pollutant emissions from refrigeration systems.
Read MoreBeZero cites legal backing for EU ESG ratings compliance as July launch nears
Carbon ratings agency BeZero Carbon said independent legal reviews have concluded its activities fall within the scope of the EU’s new ESG Ratings Regulation, as the company prepares to seek recognition under the regime ahead of its July implementation.
Read MoreCement producer launches carbon capture test platform in France
A cement producer has launched an industrial-scale carbon capture test platform in southern France to validate technologies under real-world cement plant conditions, it announced Wednesday.
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