DAC unlikely to reach bln-tonne scale by 2050 without near-term policy push -report
Direct air capture (DAC) is unlikely to reach a billion-tonne scale by 2050 unless governments move quickly to boost early capacity, according to a study published this month.
Read MoreIndustry groups warn EU Commission not to over-regulate CO2 transport sector
The European Commission should adopt a phased approach to regulating CO2 transport, and first focus on getting the required infrastructure up and running and boosting investment in the sector, a group of carbon capture, utilisation, and storage companies (CCUS) said on Thursday.
Read MoreEuropean airline signs carbon removal offtake deal with marketplace
A large European airline has signed a multi-year offtake agreement with a Berlin-based broker, doubling the share of permanent carbon removals in its credit portfolio.
Read MoreGermany launches project to develop carbon removals across three African countries
Germany’s Federal Ministry for the Environment (BMUV) has launched a new initiative to develop high‑integrity carbon removals in Africa, backed by funding from the International Climate Initiative (IKI) and implemented by the development agency GIZ.
Read MoreCarbon removal registry certifies protocol for reducing landfill methane
A carbon removals registry has certified a protocol for reducing landfill methane, the first of which it has published in the super pollutants category.
Read MoreEU carbon removals buyers’ club officially launched in Brussels
The European Commission and private sector players formally launched the EU’s carbon removals buyers’ club in Brussels this week, though the organisation’s governance and legal structure remain to be clarified.
Read MoreEarly 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.
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