Supply chain issues threaten UK net zero, government report warns
UK supply renewables chains are ill-prepared to meet renewable deployment targets for net zero, a new report commissioned by the government has warned.
Read MoreANALYSIS: Experts cautious on proposed EU methodologies to certify carbon removals
Experts expressed mixed views on the European Commission’s proposed methodologies to certify different types of carbon removal activities under the EU’s Carbon Removals Certification Framework (CRCF), with some observers welcoming bold elements of the proposals and others criticising them on structural or methodological grounds.
Read MoreDenmark completes funding round for carbon capture work
Denmark’s Energy Agency (DEA) has awarded three contracts to companies for new carbon capture and storage projects after completing the funding round for negative CO2 emissions (NECCS).
Read MoreEnvironmental assets exchange adds biochar credits to its platform
An environmental assets marketplace on Wednesday introduced a new line of carbon removal credits via a recently-introduced biochar trading instrument.
Read MoreUK, Swedish firms close $325 mln forestry fund aimed at carbon removal
A UK-headquartered asset manager and Sweden-based forestry development firm closed an inaugural $325.3 million fund that targets over 18 mln tonnes of CO2 removal across 80,000 hectares of forest.
Read MoreBRIEFING: Another 18 months of pain for EU carbon prices, analysts warn
Ongoing carbon permit sales under REPoweEU, combined with increasing renewables penetration and lower demand from the power and industrial sectors, mean EUAs will likely feel increased price pressures for another 18 months, a conference heard Wednesday.
Read MoreUN Secretary-General calls for fossil fuel phaseout
UN Secretary-General Antonio Guterres called for a phase out of fossil fuels at the Spring Meetings of the International Monetary Fund (IMF) and World Bank on Wednesday.
Read MoreEU green claims directive having ‘chilling effect’ on voluntary carbon market
The EU’s green claims directive is having a tangible, negative impact on demand for voluntary carbon credits, and scaring corporates away from the market, participants told an event Wednesday.
Read MoreCarbon removals could help to offset leftover emissions in EU ETS, official says
The European Commission is looking at whether residual emissions in the EU ETS could be offset with carbon removals, as it weighs up different options for either integrating removals into the existing market or creating a new one, a high-level official said on Wednesday.
Read MoreAgri carbon taxes worldwide could inspire an EU ETS3 — with caveats, experts say
Regulatory measures on agricultural emissions, from New Zealand to South Africa, could serve as inspiration for policymakers in Brussels as the EU considers if and how to include the sector in its next ETS revision — although some clauses may apply, according to speakers at the IETA European Climate Summit.
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