Oil and gas industry cuts EU CO2 storage outlook to 35 Mt by 2030
EU oil and gas producers have further cut their expectations for 2030 CO2 storage capacity in Europe, with new industry data showing a shrinking project pipeline that clashes with Brussels’ upbeat assessment of progress towards the bloc’s injection target of 50 million tonnes per year.
Read MoreClimate tech firm to make battery-grade graphite from captured CO2 in Finland
Plans to produce battery-grade graphite and carbon nanotubes from CO2 emissions in Finland have advanced following two companies agreeing to use captured CO2 from a Finnish power plant.
Read MoreCarbon removals sector shifts from hype to delivery amid growing supply constraints -report
A CO2 removal market that only a few years ago was dominated by climate-tech experimentation and future promises is entering a more mature, execution-focused phase, with investors, buyers, and policymakers increasingly prioritising delivery, financeability, and infrastructure over ambitious announcements, according to a new report.
Read MoreBRIEFING: California CCUS, CDR rulemaking split over scope, liability, and market role
California’s proposed carbon capture, utilisation, and storage (CCUS) and removal (CDR) regulations have drawn competing calls for broader project eligibility, tighter definitions, stronger community safeguards, and lighter-touch treatment of federally regulated geologic storage, according to public comments submitted to state regulator ARB.
Read MoreUK air traffic controller invests in carbon removal credit for first time
An air traffic controller has agreed to buy £500,000 of durable removal credits from a diverse range of projects, as part of a UK Sustainable Aviation coalition that has pledged £2 million to stimulate the carbon removal (CDR) market.
Read MoreDanish cement producer secures up to €2.2 bln in state support for CCS project
A Danish cement producer has secured up to DKK 16.5 billion (€2.2 bln) in state support for a large-scale carbon capture and storage (CCS) project expected to remove up to 1.25 million tonnes of CO2 a year from 2030, it announced Tuesday.
Read MoreJapanese corporate seeks partners to develop direct ocean carbon capture tech
A Japanese corporate giant is seeking more partners to pioneer direct ocean capture (DOC), after announcing it was developing a pilot plant following two years of research by an institute in Finland.
Read MoreVCM MONTHLY: Retirements and issuances rise while CORSIA prices slide
Carbon credit issuances and retirements bounced up in May year-on-year across the voluntary carbon market while benchmark CORSIA prices fell 22% to end the month around $10/tonne, their lowest level since June 2024.
Read MoreUS platform seeks 100k tonnes from Global South
A US climate platform is seeking more than 100,000 carbon removals (CDR) and super pollutant mitigation credits, with a particular focus on projects in Southeast Asia, Latin America, and island nations, it announced.
Read MoreCarbon standard consults on new model-based framework for enhanced weathering carbon removal
A carbon removal registry and standards developer has launched a public consultation on a new framework designed to quantify CO2 removal from enhanced weathering projects using a combination of field measurements and predictive models.
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