UK air traffic controller invests in carbon removal credit for first time
An air traffic controller has agreed to buy £500,000 of durable removal credits from a diverse range of projects, as part of a UK Sustainable Aviation coalition that has pledged £2 million to stimulate the carbon removal (CDR) market.
Read MoreDanish cement producer secures up to €2.2 bln in state support for CCS project
A Danish cement producer has secured up to DKK 16.5 billion (€2.2 bln) in state support for a large-scale carbon capture and storage (CCS) project expected to remove up to 1.25 million tonnes of CO2 a year from 2030, it announced Tuesday.
Read MoreJapanese corporate seeks partners to develop direct ocean carbon capture tech
A Japanese corporate giant is seeking more partners to pioneer direct ocean capture (DOC), after announcing it was developing a pilot plant following two years of research by an institute in Finland.
Read MoreVCM MONTHLY: Retirements and issuances rise while CORSIA prices slide
Carbon credit issuances and retirements bounced up in May year-on-year across the voluntary carbon market while benchmark CORSIA prices fell 22% to end the month around $10/tonne, their lowest level since June 2024.
Read MoreUS platform seeks 100k tonnes from Global South
A US climate platform is seeking more than 100,000 carbon removals (CDR) and super pollutant mitigation credits, with a particular focus on projects in Southeast Asia, Latin America, and island nations, it announced.
Read MoreID Market: Trading slumps to 10-month low in May
Trading activity on Indonesia’s carbon exchange continued to weaken in May, with volumes and transaction values falling to a 10-month low as deals stayed confined to smaller spot transactions, exchange data showed.
Read MoreCarbon standard consults on new model-based framework for enhanced weathering carbon removal
A carbon removal registry and standards developer has launched a public consultation on a new framework designed to quantify CO2 removal from enhanced weathering projects using a combination of field measurements and predictive models.
Read MoreUK will need to subsidise carbon removal prices to bring them down to ETS levels -research
The UK government will need to subsidise a fixed price for carbon removal credits when it integrates them into the country’s Emissions Trading Scheme (ETS), at a cost of around £147 million per year, and more in the future, according to new research.
Read MoreVCM REPORT: CORSIA prices steady after months-long slide as market searches for floor
CORSIA futures stabilised after months of price declines, with benchmark contracts on ICE holding around the $10 per tonne mark last week as selling pressure appears to be easing, as participants appeared to have found on a floor amid demand uncertainty.
Read MoreUS DOE selects West Virginia coal and CCS project for $18.5 mln grant
A planned coal-fired power and carbon capture (CCUS) project in West Virginia has been selected for up to $18.5 million in US DOE funding to support early-stage development.
Read More