VCM Report: News of pause to Microsoft’s carbon removal buying programme shakes up market
News of Microsoft possibly pausing carbon dioxide removal (CDR) buying sent shockwaves through the nascent market late last week.
Read MoreANALYSIS: Microsoft’s ‘pause’ in CDR buying is a stark wake-up call for the nascent sector
A reported pause to Microsoft’s carbon removal (CDR) purchasing programme exposes a major demand challenge for the nascent technology-based market, but also represents a “bittersweet” opportunity for the sector to mature, project developers and experts told Carbon Pulse.
Read MoreEight firms apply for biogenic CO2 capture aid under €90 mln Finnish scheme
Eight companies have applied for investment aid to develop biogenic carbon capture projects under a Finnish government scheme with a €90 million budget aimed at scaling early-stage carbon capture capacity.
Read MoreTop buyer Microsoft suspends carbon removal purchase programme -sources
Microsoft has suspended its carbon removal (CDR) buying programme, according to several sources, in a move that threatens to upend a nascent but fragile market heavily reliant on the tech giant’s demand.
Read MoreMajor bank inks agri carbon removal deal with US developer
A large bank has struck a carbon removal deal with a US-based developer in an agreement that also aims to reduce wildfire risk, it was announced Thursday.
Read MoreVCM Report: CORSIA carbon credit prices post small recovery but remain subdued
The price of CORSIA eligible credits rose to their highest level since February last week, despite experts warning a prolonged Middle East war may have downside risks for demand.
Read MoreCDR project developers near commercial stage face funding crunch, survey finds
Carbon removal (CDR) project developers are nearing commercial readiness but remain constrained by limited access to capital, with nearly 60% at risk of delays, downsizing, or cancellation without near-term funding, according to a survey.
Read MoreNew CDR portfolio aims to simplify corporate buying for 2030 net zero targets
A new carbon removal (CDR) portfolio launched on Thursday aims to simplify how companies source credits for 2030 net zero targets by combining multiple high-durability pathways into a single offering.
Read MoreSwiss sensor manufacturer secures multi-pathway CDR portfolio through 2028
A Swiss sensor manufacturer has partnered with a carbon removal (CDR) procurement platform to secure a portfolio of durable credits across three pathways, the companies announced Thursday.
Read MoreTemporary removals fall almost 10 times short of covering the world’s biogenic emissions -report
Biogenic emissions from sources such as farming and deforestation emit more than nine times what temporary removals currently store, according to a new report, which noted the EU policy gap in addressing the issue.
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