Ocean CDR initiative to launch $5 mln RFP to fund expansion of global network for alkalinity enhancement research
An ocean carbon removal research initiative on Wednesday unveiled plans to launch a $5 million funding round aimed at expanding a global research network for ocean alkalinity enhancement (OAE), as interest grows in marine CDR technologies but questions remain over their scalability, environmental impacts, and monitoring requirements.
Read MoreCORSIA supply and demand still cloudy, rating agency says
Supply and demand hangs in the air for Phase 1 Corsia with the unknown of credit quantity rubbing against regulatory uncertainty, a webinar heard Wednesday.
Read MoreVerra to launch ‘next-generation’ carbon registry in July
Verra and S&P Global Energy have announced that their “next-generation” environmental registry platform will officially go live on July 27, which they say marks a major upgrade for global carbon market infrastructure.
Read MoreEvery dollar a company invests in emissions reduction generates up to $7 in return -report
Every dollar that a company invests in emissions reduction generates an average of $2.40 in return, and in some cases up to $7 over its lifetime, according to the latest report by an environmental disclosure non-profit.
Read MoreCarbon broker, energy trader launch second auction for CORSIA-labelled credits
An environmental commodities broker and an energy trader have launched a second carbon auction, offering 100,000 Article 6- and CORSIA-labelled credits.
Read MoreSB64: Middle East war prevented parties from attending Bonn talks
Several countries sent reduced delegations to the SB64 UN climate talks in Bonn due to the effects of US- and Israel-led war in the Middle East, or were completely absent, according to parties and observers.
Read MoreISO opens consultation on global net zero transition planning standard
The International Organization for Standardization (ISO) opened a public consultation on Wednesday on a draft international standard for net zero transition planning.
Read MoreCarbon credit markets need binding regulation to scale with integrity, report says
Project-based carbon credit markets are moving towards a more regulated, state-led model as voluntary standards remain unable to address weak oversight, fragmented rules, and uncertainty around credit use, a report published Wednesday said.
Read MoreMajor firms deepen climate commitments as carbon credit adoption rises, report finds
More than half of the world’s largest companies now have net zero targets and nearly half plan to use carbon credits as part of their climate strategies, according to a report released Tuesday, highlighting the continued mainstreaming of voluntary carbon markets among major corporates.
Read MoreOil and gas majors set to boost output despite climate goals -study
Nearly a dozen major oil and gas companies are planning to increase their oil and gas output, exceeding the reductions needed to limit global warming and even to meet projected demand growth in the next few years, according to a study published on Thursday.
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