EXCLUSIVE: Carbon removals from large US initiative to be marketed to European companies under new deal
Carbon removals (CDRs) from bioethanol plants in the US Midwest are to be made available to European companies seeking to achieve net zero emissions under a new deal between the project developer and an environmental markets risk management company, they told Carbon Pulse.
Read MoreStockholm-based clean energy tech firm raises €63 mln to drive heating decarbonisation in Europe
A Swedish clean energy tech firm has raised €63 million to accelerate residential heating electrification and drive decarbonisation across Europe, the company announced on Wednesday.
Read MoreGerman wildfire monitoring solution secures €25 mln to improve AI tools and expand globally
A Munich-headquartered wildfire monitoring company has raised €25 million in a Series B funding round, the company announced on Tuesday.
Read MoreBRIEFING: EU looks to incentivise lower methane gas globally by pooling buyer demand
The European Commission’s plan to create a ‘You Collect, We Buy’ platform for the joint purchasing of gas and hydrogen should drive up demand for lower emissions fuel around the EU – and support the bloc’s efforts to tackle methane, according to a Brussels official.
Read MoreParties poised to find early agreement on Article 6 in Baku, say EU sources
Long-awaited agreement on Article 6 of the Paris Agreement, which governs UN carbon crediting and international mitigation outcome trade, could be finalised by end of the first week at COP29, according to EU sources.
Read MoreKenya-based carbon removal firm reveals biochar solution from sugarcane waste
A Kenya-headquartered carbon removal company has launched a new biochar solution that aims to sequester carbon, improve food security, and create jobs for women, it announced this week.
Read MoreElectricity demand set to rise, but renewable installation must keep pace, flagship IEA report warns
Low-emissions technology, both new renewables and recently resurgent nuclear, will generate half the world’s power demand by 2030, yet without investment in electricity grids in particular, global warming is headed for 2.4C above pre-industrial temperatures by the end of the century, according to the International Energy Agency’s (IEA’s) World Energy Outlook (WEO) on Wednesday.
Read MoreINTERVIEW: Carbon removal venture buys credits from Indian ERW partner at $200/t
A carbon removal buyers club has signed a deal with an enhanced rock weathering (ERW) company, adding credits from Asia to its portfolio for the first time at an average price of $200 per tonne.
Read MoreGGGI launches facility to catalyse $500 mln for ITMO purchases by 2030
The Global Green Growth Institute (GGGI) has launched a facility to support scaling of international carbon trading under Article 6 of the Paris Agreement and catalyse up to $500 million solely for the transactions of Internationally Transferred Mitigation Outcomes (ITMOs) by 2030, it announced Wednesday.
Read MoreUK banks invested £1 bln in ‘forest risk’ companies, undermining national pledge -report
UK banks have invested more than £1 billion in companies tied to deforestation risks worldwide since COP26, defying the country’s 2021 Glasgow climate commitments, according to analysis released on Wednesday.
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