Philanthropic 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.
Read MoreSuper pollutant credits offer a buyer entry point, but integrity gaps remain unresolved -panellists
Super pollutant credits could help bring more companies into carbon markets by offering a simpler near-term case for climate action than some carbon removal (CDR) pathways, stakeholders said on Tuesday, though cautioned that the approach still faces credibility and data gaps.
Read MoreUS CCS project adjusts strategic partnership to full ownership by ammonia manufacturer
The two owners of a carbon capture and storage (CCS) project in El Dorado, Arkansas, announced a transaction where one company, a US-based ammonia manufacturer, will assume full control.
Read MoreVCM needs stronger financial infrastructure to attract capital, not another reset -panellists
The voluntary carbon market (VCM) should shift from debating whether trust exists to building the financial infrastructure needed to attract capital and scale carbon removal (CDR), stakeholders said on Tuesday.
Read MoreGlobal South CDR developers warn Article 6 progress too slow to drive investment at scale
The Paris Agreement’s Article 6 mechanism could help channel more investment into carbon removal (CDR) projects in the Global South, but slow domestic implementation and uneven demand signals are still limiting its impact, developers said Tuesday.
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