CCS capacity ramping up, NDCs may drive further growth, says report
There are now 50 carbon capture and storage (CCS) facilities operating across the world and another 628 in various stages of development, according to a report released Tuesday, with the inclusion of the technology in national UN climate strategies likely to drive further expansion.
Read MoreANALYSIS: Absence of policy, meagre funds keep India from realising CDR potential
An absence of knowledge and policy on durable carbon removals (CDR) at the government level, along with a lack of investor interest in funding such projects, is keeping India from realising its vast CDR potential, according to experts.
Read MoreLATAM Roundup: A big week for the Paris Agreement’s Article 6
The week ending Oct. 13, which saw the UN Supervisory Body (SBM) for Article 6.4 circumvent negotiators to help operationalise Paris carbon markets, also welcomed key Article 6 statements out of Chile, ranging from new projects to potential use cases for Paris Agreement credits.
Read MoreNew Zealand urged to take cooperative approach to addressing 2030 NDC challenge
Fresh analysis has highlighted the policy paralysis plaguing New Zealand in achieving its 2030 Nationally Determined Contribution under the Paris Agreement, urging it to adopt a more internationally cooperative approach.
Read MoreBRIEFING: Carbon price levers, private sector mix in Chile’s all-in recipe for climate action
A range of carbon pricing measures and the private sector will come together in Chile’s market-led model of climate action, ministers said at the Chile Carbon Forum this week in Santiago.
Read MoreJapan picks single project for JCM after advanced decarbonisation tech tender
Japan has decided to subsidise a single project to develop under the Joint Crediting Mechanism (JCM) after issuing a tender earlier in the year calling for hydrogen or other advanced decarbonisation technologies not yet included in the scheme.
Read MoreUN body skips over Paris negotiators in a bid to secure consensus on Article 6.4
The UN body mandated to determine rules governing the Paris Agreement’s Article 6 opted early Thursday to bypass negotiators and bring its standards for carbon methodologies and removals into force – in a “risky” and “bold” move that was widely welcomed for its potential to drive agreement at next month’s COP29, despite concerns about its long-term implications.
Read MoreQatari organisation selects first Article 6 project for ITMO auction
A Qatar-based organisation has selected a first Article 6 project for inclusion in an Internationally Transferred Mitigation Outcomes (ITMOs) auction on a blockchain platform, it announced Thursday.
Read MoreChile, World Bank launch carbon pricing programme, will support ETS
Chile and the World Bank have launched a multi-year programme to support the development and harmonisation of carbon pricing initiatives in the South American country, representatives of both entities announced at the Chile Carbon Forum in Santiago on Wednesday.
Read MoreBRIEFING: Chile welcomes nearly a dozen projects into Article 6 pipeline
Chile has nearly a dozen Article 6.2 projects in various stages of development and is working to develop an official taxonomy of priority project types, Carbon Pulse heard at the Chile Carbon Forum in Santiago on Tuesday.
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