Swiss DAC company needs to raise $9 bln in six years to scale
A Swiss direct air company will require $9 billion to reach its gigatonne-scale ambitions by 2030, a senior figure at the company said on Thursday.
Read MoreSeveral countries ignoring Glasgow pledge to pump public money into fossil fuels, finds report
Several countries, including the US, have been violating their commitment to the Clean Energy Transition Partnership (CETP) to reduce public finance for fossil fuel projects, finds a report.
Read MoreMorocco’s Article 6 protocols enter final design phase -media
Morocco’s frameworks to support sovereign carbon trading are being finalised, according to local media sources.
Read MoreSwiss agency aims for three project types under Article 6 in Chile
The Swiss industry agency arranging many Article 6 deals on the country’s behalf is aiming to support three kinds of mitigation projects in Chile, Carbon Pulse heard on the sidelines of a summit in Colombia on Tuesday.
Read MoreSuriname to make oil companies buy sovereign carbon credits at $25/tonne
The densely forested country of Suriname plans to exploit its newly discovered oil reserves and remain a net remover of carbon at the same time, by requiring oil companies to buy Internationally Transferred Mitigation Outcomes (ITMOs) to cover their Scope 1 and 2 emissions.
Read MoreBRIEFING: Swiss agency concerned about Chile’s Article 6 regulation, project pending
The Swiss entity managing Article 6 dealings with Chile has expressed concerns about the country’s draft authorisation procedures, confirming that a wind farm project remains under consideration, despite national media in the host country reporting a done deal.
Read MoreANALYSIS: Momentum for direct air capture growing in new countries, but US still the standout
Momentum is building in specific markets for direct air capture investment, according to attendees at a carbon dioxide removal (CDR) event held in Zurich this week.
Read MoreLATAM Roundup: Article 6 heats up and compliance systems seek certifiers in South America
Carbon Pulse rounds up May’s developments in Latin American and Caribbean carbon markets, seeing South American countries push forward under Article 6 bilateral agreements, compliance carbon pricing systems broaden their base of certification schemes, and new announcements of large-scale nature-based projects.
Read MoreCarbon pricing proves its worth in reducing emissions, global meta-study shows
Carbon pricing schemes, such as taxes and cap-and-trade systems, are significantly reducing global greenhouse gas emissions, a new meta-study has found, though the results vary widely depending on the policy’s design and implementation.
Read More2023 hailed as a possible turning point for clean power, as renewables surpass 30% of global generation
Solar and wind growth has propelled the world past 30% renewable electricity for the first time in 2023, marking a turning point in the shift away from fossil fuel power, according to a review of country-level data published on Wednesday.
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