Global biochar output nearly triples in two years as carbon market participation widens -industry report
Global biochar production has nearly tripled in the past two years and is projected to reach more than 9 million tonnes annually by the end of the decade, as the carbon removal technology moves from an emerging industry into large-scale commercial deployment, according to a new market report.
Read MoreEU food sector seeks more ETS revenues to back 85% emissions cut potential
Europe’s food and drink industry could cut greenhouse gas emissions by 85% from 2020 levels by 2050, exceeding the reductions required under science-based guidance, but only if policymakers channel more carbon pricing revenues and targeted support into low-carbon technologies, according to a sectoral net zero roadmap presented in Brussels on Thursday.
Read MoreNetherlands retires 7k carbon removal credits in record transaction for state govt
The Dutch government has retired nearly 7,000 tonnes of durable carbon removal credits to compensate for emissions generated by official government flights, marking what is believed to be the largest retirement of durable carbon removal credits by a government entity to date.
Read MorePACM could scale carbon crediting beyond projects, but rule gaps remain -report
The Paris Agreement Crediting Mechanism (PACM) could help carbon markets move beyond individual projects and deliver mitigation at scale, but regulators still need to close key methodological, governance, and demand gaps, according to a report released Tuesday.
Read MoreColombian carbon standard opens consultation on revised biochar methodology
A Colombian carbon crediting standard has opened a public consultation on a revised biochar methodology, with updates aimed at strengthening rules on biomass eligibility, permanence, leakage, uncertainty, and long-term storage.
Read MoreANALYSIS: New SBTi corporate climate standard offers path to scale nature-based carbon finance, even if onus is on tech-based removals
Nature-based solutions deserve stronger support in the newly released Science Based Targets initiative’s (SBTi) Corporate Net-Zero Standard Version 2.0, though they still have a clear pathway to scale, according to some carbon market stakeholders, who pointed to the standard’s prioritisation of engineered removals to help companies tackle hard-to-abate emissions later down the line.
Read MoreUK’s first commercial DAC project launches with 60,000-tonne target
The UK’s first commercial direct air capture (DAC) project has launched with plans to remove up to 60,000 tonnes of CO2 per year by 2032, the project developers announced Thursday.
Read MoreEU ETS could need carbon removals “safety valve” to avoid price surge if CCS, hydrogen rollout falters -report
The EU may need to integrate CO2 removals into its emissions trading system as a “safety valve” to prevent allowance prices from spiralling if deployment of carbon capture and storage (CCS) and green hydrogen infrastructure continues to lag expectations, according to a new report.
Read MoreAbsolute Climate launches consultation on updated carbon accounting standard
Carbon accounting firm Absolute Climate has opened a month-long public consultation on an updated version of its Absolute Carbon Standard (ACS), introducing revisions to its framework for certifying removal activities and low-carbon products amid growing scrutiny of market integrity.
Read MoreShipbuilder spurs DAC scale-up in Canada to bolster submarine bid
A German shipbuilder, a sustainable technologies provider, and a Californian direct air capture (DAC) developer are pairing up to advance clean tech in Canada.
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