Early shift from coal-based steel could halve future decarbonisation costs, study says
Redirecting planned coal-based steel investment before 2030 could avoid emissions at around half the cost of cutting the same amount of CO2 later through other sectors or carbon removals (CDR), according to a study released Thursday.
Read MoreINTERVIEW: Pakistan province eyes carbon market expansion, sub-national ETS by 2027
Punjab, Pakistan’s most populous province, is preparing an extensive push into carbon markets, with officials targeting the launch of a sub-national emissions trading system (ETS) by mid-2027 while developing a pipeline of Article 6 and voluntary carbon market projects spanning forestry, transport, waste, energy, and clean water.
Read MoreUK company announces deals to structure long-term removal assets with bank, energy company
A carbon market assets company on Thursday announced a series of transactions aimed at turning carbon removals into longer-term financial assets.
Read MoreOpen system CDR scale hinges on cutting ‘uncertainty discounts’, panellists say
Open system carbon removal (CDR) projects need larger deployments and shared datasets to reduce monitoring, reporting, and verification (MRV) uncertainty that is raising credit costs and limiting scale, experts said on Wednesday.
Read MorePhilanthropic dollars for CDR contracting, panellists warn
Philanthropic funding for carbon removal (CDR) is becoming dangerously concentrated, panellists said on Wednesday, with one observer noting that half of all grant-making in the sector could be controlled by just three funders.
Read MoreCompanies delaying carbon removal purchases amid policy uncertainty -survey
Demand for carbon removal (CDR) may be stalling, despite rising corporate net zero commitments and growing recognition that they will be needed later this century for wider global climate goals, a new policy brief based on interviews with corporate sustainability leaders has found.
Read MoreINTERVIEW: Carbon removals marketplace seeks to close the gap between a ‘great idea’ and ‘bankable project’
A carbon removals marketplace is aiming to help developers advance projects with “promising fundamentals through to signed deals” with large-scale corporates, which it says is urgently needed to scale the market in order to meet looming climate targets.
Read MoreBRIEFING: Carbon removal buyers need stronger risk tools, as demand remains uncertain
Carbon removal (CDR) buyers remain constrained by delivery risk, high prices, unclear claims frameworks, and fragmented market data, experts said on Tuesday, as voluntary demand continues to play a limited role in scaling the still-nascent sector.
Read MoreSwiss carbon removal company appoints new CFO to support scale-up
A Swiss carbon removal (CDR) company announced Wednesday it had appointed a new CFO to lead its financial strategy as it expands its direct air capture (DAC) and CDR businesses.
Read MoreDanish developer signs deal with Microsoft for 650k BECCS carbon credits
A Denmark-based project developer has signed a seven-year agreement with Microsoft to deliver 650,000 carbon removal units from its bioenergy carbon capture and storage (BECCS) facility.
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