Canadian cleantech firm to invest $40 mln in Egypt carbon capture plant
A Canadian cleantech firm plans to invest $40 million to establish a manufacturing facility in Egypt focused on flare gas recovery, carbon capture, and reinjection technologies, officials said following high-level talks in Cairo.
Read MoreTop Iraqi official calls for regional carbon exchange -media
A high-ranking Iraqi official on Wednesday called for the creation of a regional carbon credit exchange led by Iraq, building upon recent momentum for state-backed carbon market development in the Middle Eastern country.
Read MoreResearchers call for global club to manage standards, scale Article 6 CO2 storage projects
A new paper has called for the establishment of an international regulatory club to align standards, manage long-term risks, and uphold trust in geological CO2 storage projects to help fully scale these technologies in Article 6 carbon markets.
Read MoreClean cooking model to debut customisable online format -scientist
The open-source MoFuSS fuelwood consumption model, used by clean cooking projects in voluntary and Article 6 carbon markets, will in the coming months launch a user-friendly yet highly granular and customisable online format, according to one of its architects.
Read MoreSaudi Aramco retires record number of carbon credits in 2024
Saudi Aramco, the world’s largest oil company, retired more than half a million carbon credits in 2024, including a batch tied to five “carbon neutral” crude oil shipments in a move to cover upstream emissions, according to its 2024 sustainability report.
Read MoreUS, UAE oil firms explore joint venture to develop DAC facility in Texas
A US oil and gas company is exploring a partnership with a state-owned UAE oil company to develop a direct air capture (DAC) hub in South Texas, the companies announced Friday during President Donald Trump’s visit to the UAE.
Read MoreBlue carbon emissions reductions overstated due to flawed soil assumptions, study finds
Soil carbon losses from coastal blue carbon ecosystems vary widely depending on the type and severity of disturbance, challenging assumptions used to estimate greenhouse gas emissions from mangroves, saltmarshes, and seagrasses, according to a new study.
Read MoreSigns of life for Saudi national carbon market as four VVBs approved
The Kingdom of Saudi Arabia has accredited four validation and verification bodies (VVBs) to operate within its long-delayed regulated carbon market, and is seeing interest from domestic developers, though the details of the fledgling scheme remain hazy.
Read MoreCarbon credit financier, UAE investment firm sign MoU for $100 mln climate solutions venture
A carbon credit financier and a Dubai-headquartered investment firm have signed a Memorandum of Understanding (MoU) to establish a global decarbonisation and climate solutions joint venture (JV), with an expected $100 million in initial investment.
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