European city becomes fifth largest CDR buyer with BECCS deal
An agreement to buy 750,000 tonnes of carbon removals from a Swedish bioenergy carbon capture and storage (BECCS) facility sees a new market entrant buy at a scale approaching that typically reserved for the American tech giants, notably Microsoft.
Read MoreFirst transaction under EU’s CRCF scheme to deliver credits in 2029
The first EU-backed transaction registered under the bloc’s Carbon Removals and Carbon Farming (CRCF) scheme will deliver its initial credits in 2029, according to the partners involved in the project.
Read MoreLawsuits by oil majors over CO2 storage risks derailing EU climate goal, NGO warns
Major oil and gas companies are taking the European Commission to court over a rule requiring them to help build carbon storage infrastructure, with the legal battle possibly causing serious consequences for Europe’s climate goals, according to analysis by an NGO.
Read MoreBRIEFING: Financiers single out ‘delivery risk’ as biggest obstacle for European carbon removal projects
The risk that a developer goes bankrupt or fails to deliver is the biggest obstacle to funding carbon removal (CDR) projects, financiers told a European Commission event on the EU’s Carbon Removals and Carbon Farming (CRCF) scheme last week.
Read MoreGlobal carbon removal “governance gap” threatens climate goals, report warns
A new discussion paper has urged governments to rapidly establish a global governance framework for carbon removal (CDR), warning that the world is dangerously unprepared to manage the scale needed to meet climate targets.
Read MoreMarine carbon removal projects may gain from persistent sargassum blooms -report
Marine carbon removal (mCDR) projects looking to use sargassum could benefit from more predictable and persistent blooms in the Atlantic, as floating seaweed mats have increasingly begun to sustain their own growth, according to a recent study.
Read MoreIndonesia to draft energy sector carbon trading rules, eyes billions in investment
Indonesia is preparing new regulations for carbon trading in the energy sector, aiming to mobilise up to $7.7 billion in additional green investment annually, the energy ministry announced.
Read MoreEuropean companies bought Chinese carbon credits from projects lacking emissions-cutting equipment -media
Offsets from Chinese carbon projects used by European companies lacked the equipment they claimed would cut greenhouse gas emissions, according to an investigation.
Read MoreAlkalinity enhancement methods face questions over durability -study
Alkalinity enhancement, whether applied on land through enhanced rock weathering or directly in marine environments, faces questions over durability because dissolved mineral compounds are often lost during transport, and not fully captured in current monitoring, according to a study.
Read MoreIndia seeks feedback on new methodologies for ships, transit, recycling
India has opened public consultation on three new draft methodologies under the offset mechanism of its Carbon Credit Trading Scheme (CCTS), looking at generating units from activities related to transport, maritime electrification, and vehicle recycling.
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