EU carbon capture, storage infrastructure lagging behind mandated target for 2030 -analysis
The EU is falling short of its legally mandated goal to boost carbon capture and storage capacity within the decade – even if every planned project makes it to development, according to new analysis, commissioned by large oil and gas companies.Â
Read MoreUK, Belgium ink landmark deal to open cross-border CO2 storage route
Belgium and the UK have signed a memorandum of understanding (MoU) under the London Protocol to enable the cross-border transport and permanent storage of Belgian industrial CO2 in UK offshore storage sites, in what industry body CCSA hailed as a major step toward a Europe‑wide carbon storage market.
Read MoreJapan’s GX-ETS price corridor to factor into carbon capture support measures
Japan is considering using the average trading price in the GX-ETS as a reference price in carbon capture and storage support measures.
Read MoreIndia seeks public input on draft rules for carbon offset scheme
India’s Bureau of Energy Efficiency (BEE), administrator of the country’s emerging carbon market, has launched a public consultation on draft rules governing Programmes of Activities (PoA) under the offset mechanism.
Read MoreMajor firms deepen climate commitments as carbon credit adoption rises, report finds
More than half of the world’s largest companies now have net zero targets and nearly half plan to use carbon credits as part of their climate strategies, according to a report released Tuesday, highlighting the continued mainstreaming of voluntary carbon markets among major corporates.
Read MoreCarbon removals linked to UK ETS should have a project-risk assessment, says ratings agency
The UK government should incorporate project-level ratings assessments when they integrate domestic carbon removals into their Emissions Trading System (ETS), a ratings agency said Tuesday.
Read MoreAustralia sees the opening of world’s first carbon refinery
An Australian mineral carbonation company on Wednesday announced the launch of what it described as the world’s first carbon refinery, turning industrial CO2 streams into various materials.
Read MoreUp to 60 European ports well suited to processing CO2 emissions for offshore storage -report
Up to 60 European ports could be suitable for processing CO2 emissions for offshore storage by 2050, a new report has found, which examines how non-pipeline transport will play a key role in Europe’s CO2 transport chain.
Read MoreBECCS project developer signs long-term CDR deals with Swedish property firms
A Swedish bioenergy with carbon capture and storage (BECCS) project developer has signed long-term agreements to supply permanent carbon removal (CDR) to two real estate companies, it announced Tuesday.
Read MoreLouisiana biofuels project cancelled given slow uptake of low-carbon marine fuels
A US-based developer cancelled a biofuels project planned in central Louisiana, citing uncertainty in financing, regulatory, and carbon capture aspects of the projects, along with a “slower-than-expected market adoption” of sustainable marine fuels.
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