Asia‑Pacific’s CDR market to reach $911 million by 2035, report says
Asia‑Pacific’s carbon removal (CDR) market is projected to reach $911.43 million by 2035, up from $160 million in 2025, growing at a 19% annual rate from 2026 driven by demand from heavy industry, power, and transport under tightening carbon pricing rules and net zero targets.
Read MoreEU pressed to frontload ETS cash to jump‑start carbon removals
The EU should use €10-30 billion of frontloaded revenues from its Emissions Trading System (ETS) to support durable carbon removal (CDR) before 2035, as waiting until compliance demand emerges risks leaving Europe short of its 2040 and 2050 removals targets, according to a recent paper.
Read MoreUPDATE – Carbon credit insurers receive Verra approval for durability pilot
A Zurich-headquartered carbon credit insurer has received Verra approval for its reversal insurance under the standard’s durability pilot initiative.
Read MoreCarbon standard finalises new bioCCS methodology in bid to align with EU carbon removal framework
Rainbow has finalised a methodology for biogenic carbon capture and storage (bioCCS) that directly incorporates requirements from the EU’s Carbon Removals and Carbon Farming (CRCF) regulation, marking one of the first voluntary carbon market methodologies explicitly designed around the bloc’s emerging carbon removal certification framework.
Read MoreFEATURE: Data centre boom boosting renewables across APAC as governments play catch up
The global boom in data centres is driving an increase in renewable energy across Asia-Pacific as governments in the region take varying approaches, including carbon markets, to ensure the build-out does not lead to higher emissions, among other environmental considerations.
Read MoreCAR adopts revised permanence approach for carbon storage
US-based voluntary carbon standard Climate Action Reserve (CAR) finalised its revised permanence approach for long-term carbon storage on Tuesday.
Read MoreUK to cut £2 bln from energy department to fund defence
The UK will seek to find £2 billion of savings from energy projects to help fund its newly announced £15 bln Defence Investment Plan, government estimates indicate.
Read MoreNew SBTi standard could triple voluntary carbon market demand even under minimum engagement, analysis says
The revised corporate net zero standard from the Science Based Targets initiative (SBTi) could substantially increase demand for voluntary carbon credits over the coming decade, though actual growth is likely to depend on whether companies raise internal carbon prices and voluntarily increase credit purchases ahead of 2035, according to new analysis.
Read MoreDutch “committed” to final deal on Aramis CO2 hub by end 2027
A final investment decision on the giant Aramis CO2 transport and storage hub in The Netherlands will be taken “at the end of next year” once the EU regulatory landscape becomes clearer, the Dutch gas infrastructure operator behind the project has said.
Read MoreClimate tech accelerator opens sixth intake, expands scope to AI-enabled carbon solutions
The Carbon to Value Initiative (C2V Initiative) has opened applications for the sixth cohort of its ‘carbontech’ accelerator, seeking startups developing carbon capture, utilisation, and removal technologies as well as AI-enabled tools designed to accelerate commercial deployment.
Read More