CO2 to materials startup raises $7.5 mln, signs offtakes worth over $60 mln
A Californian developer turning waste carbon into fibres, polymers, and chemicals has raised $7.5 million in a new funding round, and also announced multi-year offtake deals worth over $60 mln with fashion brands and manufacturers.
Read MoreVCM Report: CORSIA carbon futures fall again, low-rated REDD credits struggle
CORSIA carbon futures continued to slump as the supply of credits crept higher and the conflict in Iran pushed up jet fuel prices, leading to expectations of a possible downturn in demand from the aviation sector.
Read MoreUK biochar trials produce net zero concrete with net-negative production emissions
A UK construction materials firm and a London real estate developer last week announced they had produced the country’s first net zero concrete, using biochar made from spent coffee grounds and wood residues.
Read MoreINTERVIEW: Saudi VCM company to integrate with Islamic finance
The Regional Voluntary Carbon Market Company (VCM) in Saudi Arabia will imminently launch a pilot programme for carbon trading at Islamic banks, Carbon Pulse heard from its chief executive – without abandoning its core exchange, auctioning, or regional project development mission.
Read MoreDutch VCM standard revises mineral weathering method, expands scope to wollastonite
A Dutch voluntary carbon market standard has revised its methodology for carbon removal through enhanced mineral weathering, adding the mineral wollastonite and updating accounting rules for projects seeking carbon certificates.
Read MoreExperts see moderate carbon removal potential for agricultural EW, with large knowledge gaps
Enhanced weathering (EW) could remove hundreds of millions of tonnes of CO2 each year, though major uncertainties remain around how much carbon ultimately reaches long-term storage, according to a new study.
Read MoreEU urged to hardwire 90% domestic emissions cut into 2040 climate package
EU lawmakers should design the bloc’s 2040 climate framework to deliver the targeted 90% GHG emissions cut fully at home, using international carbon credits only as a tightly controlled back‑up, and keeping land sinks and permanent removals in separate, capped pillars, says a Brussels-based NGO.
Read MoreLego retires 25k carbon credits in 2025
Global toy manufacturer Lego Group holds a balance of 42,000 carbon credits after retiring 25,000 units in 2025 as part of a strategy to reduce emissions across its value chain, it said in its latest annual report, published this week.
Read MoreSwiss bank to retire engineered CDR credits from 2026 under net zero plan
A global bank based in Switzerland plans to begin retiring credits from engineered carbon removal (CDR) from 2026 to match its Scope 1 emissions by 2030, according to its latest sustainability report.
Read MoreFrance’s low-carbon strategy leaves weak spots on forestry and delivery, advisory says
France should move quickly to adopt its draft third National Low-Carbon Strategy (SNBC 3), but it still needs to address unresolved issues around land use, aviation, biomass, and implementation, the country’s independent climate advisory body said in a report published Thursday.
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