EU should create Carbon Bank to fund removals, says Swedish environment agency
The EU should consider creating a ‘Carbon Bank’ to fund the scale-up of carbon removals (CDR) along with setting a separate deployment target for the nascent technology by 2040, new analysis suggests.
Read MoreLaunch of first commercial DAC system to plug supply crunch at Dutch greenhouses
A developer of modular direct air capture (DAC) technology has partnered with a regional utility in the Netherlands as it aims to provide fossil-free CO2 to a cluster of greenhouses, and guarantee localised delivery for optimal crop growth.
Read MoreEU, UK urged to spell out ETS linkage roadmap to unlock CCS investments
European carbon capture stakeholders are urging Brussels and London to set out a clear timetable with key milestones for linking the EU and UK carbon markets, warning that continued uncertainty risks delaying billions of euros in planned CO2 transport and storage projects and undermining Europe’s industrial competitiveness.
Read MoreCanada doles out nearly C$2 mln for carbon storage projects
Canada will boost two carbon storage assessment projects on its east coast with C$1.7 mln ($1.2 mln) alongside a larger energy funding launch.
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 MoreIndia seeks feedback on additional carbon credit methods
India has opened a public consultation on two additional draft methodologies under the offset mechanism of its Carbon Credit Trading Scheme (CCTS), looking to expand the range of activities that could generate carbon credits.
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 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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