Swiss carbon removal company appoints new CFO to support scale-up
A Swiss carbon removal (CDR) company announced Wednesday it had appointed a new CFO to lead its financial strategy as it expands its direct air capture (DAC) and CDR businesses.
Read MoreUK needs to spend ÂŁ11 bln a year to adapt to global Paris Agreement overshoot, warns govt advisors
Scorching hot summer and droughts followed by torrential rain in the winter and floods could cost the UK up to ÂŁ260 billion a year by mid-century because the world is failing the Paris Agreement, warns the UK Climate Change Committee (CCC) on Wednesday.
Read MoreNew TIER scheme would add more than 200 Mt to Canada’s atmosphere by 2040 -think tank
Delaying carbon pricing hikes for Alberta’s Technology Innovation and Emissions Reduction Regulation (TIER) market would see Canada emit an additional third of its annual emissions by 2040, according to a think tank analysis.
Read MoreMore companies find climate action matters, emissions reductions still low-priority -survey
A third of US and Canadian companies now have a formal approach to tracking and managing supply-chain emissions, though emissions reductions rank low as a priority for climate action, according to a new survey.
Read MoreCarbon credit consultancy shuts Japan legal entity in administrative move
A major carbon finance consultancy has closed its Japanese legal entity as part of an administrative simplification process, but will continue serving clients in the country through other Asian hubs, the company told Carbon Pulse.
Read MoreEU to relaunch €1 bln ETS-backed auction to decarbonise industrial heat
The European Commission will relaunch its €1 billion Innovation Fund heat auction later this year, after the pilot round drew lower-than-expected demand but still backed dozens of industrial decarbonisation projects aimed at cutting emissions from process heat.
Read MoreEU policy advisors chart options for carbon removal buyers’ club
An EU-backed buyers’ club for carbon removal (CDR) credits has emerged as the leading option to unlock private finance for the sector, with experts converging around a corporate‑led platform focused on near‑commercial projects in Europe.
Read MoreIndian fertilisers have immediate emissions reduction opportunities, report says
India’s fertiliser industry could cut emissions immediately through efficiency upgrades, renewable electricity, and carbon capture, a report said.
Read MoreFinancial markets persistently understate physical climate risk, despite material impacts today -reportÂ
Standard climate risk tools across financial markets materially understate physical climate risk, despite climate hazards already causing investors financial loss, according to think tank analysis of the climate risk strategy of Norway’s sovereign wealth fund.
Read MoreINTERVIEW: Saudi Arabia ready to ship renewable hydrogen to Europe in 2027
Saudi Arabia will soon be ready to produce green hydrogen-derived ammonia for a fraction of the costs currently seen in Europe, but slow EU policy implementation and trade bottlenecks are still holding back large-scale offtake and investment decisions, according to Acwa, a Saudi-listed developer.
Read More