FEATURE: Major carbon removal project in US Gulf Coast faces substantial storage challenges
Hundreds of millions of dollars in federal funding currently back a direct air capture (DAC) project in the US Gulf Coast, but the developers have yet to reach a final decision on storage of captured CO2, while academics and community members heed caution towards industry scale-up in the region.
Read MoreFEATURE: Article 6 additionality for renewables should be determined case-by-case, say market rule-makers
Article 6 negotiators and voluntary carbon market (VCM) standards could justifiably exclude some renewable energy projects out of hand due to additionality hazards, but others require careful case-by-case consideration, say watchdogs and stakeholders who spoke to Carbon Pulse.
Read MoreFEATURE: World governments split on how to regulate voluntary carbon credits
Governments are classifying voluntary carbon credits (VCCs) in diverse ways, often disagreeing on whether they are financial products, fragmenting voluntary carbon market (VCM) regulation.
Read MoreFEATURE: Just transition approaches need refinement, some countries lead the way
Public backing for the low-carbon transition is a key cornerstone of enabling economies to shift towards a 1.5C-aligned world, with a growing number of countries now acknowledging the importance of a ‘just transition’, though approaches diverge significantly and finance remains a key stumbling block.
Read MoreFEATURE: Seismic studies the new frontier for CCS earnings
Seismic companies are increasingly collaborating, investing, and lining up for carbon capture and storage (CCS) work, thanks to increasing interest from countries globally looking to the technology as a way to foster CO2 trading and markets, as well as meeting emissions reductions targets.
Read MoreFEATURE: Denmark’s move to set up carbon removals fund creates emissions accounting headache for Brussels
Denmark’s world-first carbon removals fund could emerge as a model for other countries but also highlights ambiguities around how the voluntary carbon market (VCM) will coexist with national climate targets, particularly in the EU context.
Read MoreFEATURE: UK’s local govts face hefty carbon pricing bill for waste incineration
The UK’s local governments are anxiously looking to London to enact policies that could help to clean up household rubbish in the coming years, in the hopes of minimising hefty new carbon costs for waste incineration.Â
Read MoreFEATURE: After Europe’s exit, remaining Energy Charter Treaty countries look to modernise pact from within
Remaining members of the long-criticised Energy Charter Treaty (ECT) are looking to modernise the international trade agreement to better support climate action, despite the departure of a growing number of European countries citing failed attempts to revamp it.
Read MoreFEATURE: Peru’s REDD+ overhaul in doubt as Verra-linked reforms face backlash
Peru is promoting initiatives to crack down on over-crediting and protect the reputation of Amazonian carbon credits, but industry pushback to reforms linked to Verra, and falling issuances, raise questions about how feasible the voluntary carbon market (VCM) overhaul is in practice.
Read MoreFEATURE: EU ETS2 success hinges largely on electric vehicles, analysts say
The EU’s Emissions Trading System for road transport and heating fuels, ETS2, is set to be dominated by the transport sector, with more than half of total emissions coming from cars, trucks, and vans that will rely heavily on electrification to decarbonise, analysts say.
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