Canadian dMRV firm buys operating assets from US biochar platform
A Toronto-headquartered digital monitoring, reporting, and verification (dMRV) company announced the acquisition of holdings in a digital biochar project development platform on Thursday.
Read MoreDrax received nearly £1 bln in subsidies last year, as power generation hit new record
The UK’s largest power plant – the Drax biomass station – received a record of nearly £1 billion in subsidies last year, despite also being the country’s top emitter, according a think tank’s analysis.
Read MoreECS26: European Commission backs state-led international carbon credit purchases
A senior European Commission official said that the EU will favour a centralised purchasing framework to acquire international carbon credits to help meet its 2040 climate target, rather than rely on individual companies to procure them directly.
Read MoreINTERVIEW: Sri Lanka’s carbon market ‘a world of opportunity’ held back by state inertia, says local developer
Sri Lanka has no meaningful carbon market today, but has the potential to unlock millions of tonnes of compliance-grade credits if bureaucratic delays and financing gaps are resolved, according to a Colombo-based developer.
Read MoreINTERVIEW: Patchy emissions data risks slowing global carbon trading, UN reviewer says
Inconsistent methodologies and uneven data for calculating national greenhouse gas inventories are emerging as a constraint for the development of international carbon markets, a UN technical expert warned.
Read MoreUS CDR non-profit launches principles for best practice
A carbon removal (CDR) non-profit has launched a responsible development framework for the sector, saying the field’s greatest risk is the loss of public trust.
Read MoreFEATURE: Nature-based carbon market sees sun rising for ARR
Afforestation, reforestation, and revegetation (ARR) projects have been enjoying a spell of popularity with experts suggesting demand for nature-based removal credits will likely climb higher, but, amid this week’s uncertainty over Microsoft’s future as a major buyer in the carbon removal (CDR) sector, it remains to be seen whether such predictions hold true.
Read MoreGreen burger chain buys biochar for first time to diversify away from ARR carbon credits
A Sweden-headquartered eco-friendly burger chain has delved into buying domestic biochar credits for the first time as it seeks to diversify away from tree planting to meet its climate positive targets.
Read MoreMicrosoft to “build on and support” existing carbon removal portfolio, denies end to credit buying
Microsoft will continue to support its existing portfolio of carbon removal projects, the company said Tuesday, which could mean an expansion of its credit buying in future, as the firm sought to clarify speculation that its procurement programme had been shut down.
Read MoreVCM 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.
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