BRIEFING: CDR buyers, developers look to next phase of market
Buyers of Canadian carbon removal (CDR) are diversifying, as are their portfolios, but work remains on broadening the demand signal, according to market stakeholders.
Read MoreUS bank signs second carbon removal deal with bio-oil developer
A large US bank has signed its second carbon removal offtake deal with a developer of bio-oil projects, bringing its total commitment with the company to 90,000 tonnes.
Read MoreEU set to integrate carbon removals into national climate goals for the first time
Member states will for the first time be able to use EU-certified permanent carbon removal credits to meet their national climate targets for agriculture, forestry, and other non-ETS sectors under proposals due to be presented later this year, a senior official has said.
Read MoreAlberta price floor could fail, set path to increased emissions, market observers say
Alberta market participants are pricing credits for “materially looser market conditions” as the price floor laid out in the Canada-Alberta carbon deal looks set to fail, charting a path to increased emissions by the mid-2030s without tighter stringency, a new analysis said.
Read MoreOil and gas companies call for harmonisation across CCS, engineered CDR standards
An initiative led by major oil and gas providers called for harmonisation of reporting standards for carbon capture and storage (CCS) and engineered carbon removals (CDR), saying addressing gaps would enable the industry to accelerate towards climate goals.
Read MoreBrussels eyes raising EU ETS cap to make room for carbon removals
The overall cap on the EU Emissions Trading System (ETS) will likely need to be raised to make room for units generated from permanent carbon removals, while giving extra breathing space to regulated industries, an official has indicated.
Read MoreUK waste wood BECCS project files planning application
A UK energy-from-waste wood company has submitted a planning application to add carbon capture technology to an existing bioenergy plant, it announced last week.
Read MoreCanadian DAC developer inks deal with large bank for 18k credits
A Canadian bank has signed a deal to purchase 18,000 verified direct air capture (DAC) carbon removal (CDR) credits from a Montreal-headquartered project developer, it was announced on Thursday.
Read MoreUS oil companies could be converted to carbon removal obligation, says academic
A fresh lobbying campaign in the US to mandate fossil fuel companies to use carbon removal (CDR) technology may garner support from the oil sector, an academic and sectoral expert told Carbon Pulse this week.
Read MoreIrrigation equipment maker launches biochar reactor in India, among world’s largest
An Indian micro‑irrigation systems provider has commissioned an industrial‑scale biochar facility in the western Indian state of Maharashtra, which it described as its largest to date.
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