Carbon markets alone will not help biochar scale, developer says
The head of a large US biochar producer told an Australian conference Wednesday that government subsidies and policy support will be needed to scale the industry, saying demand for carbon removal credits will not be enough.
Read MoreMicrosoft buys millions more in nature-based carbon removal credits
Technology company Microsoft has unveiled yet another large forward-purchase deal for large-scale carbon removal, inking a 10-year contract for around 5 million improved forest management (IFM) credits.
Read MoreCongress’ reconciliation bill could score wins and losses for US CDR
The reconciliation bill currently winding its way through Congress has elements that could devastate some CO2 removal (CDR) projects along with elements that could push other projects forward, experts said Tuesday.
Read MoreCalifornia lawmakers seek to lower LCFS credit price cap
California legislators introduced a proposal this week to lower the state’s Low Carbon Fuel Standard (LCFS) credit price cap while establishing impact analysis requirements for regulations that affect transportation fuel prices.
Read MoreClimate litigation more often reaching world’s highest courts, with growing number of greenwashing cases -report
Climate litigation is reaching the world’s highest courts more frequently, with 276 such cases reaching apex courts since 2015 – a growing number of which have raised greenwashing concerns about the use of carbon credits to offset emissions, new analysis has found.
Read MoreJP Morgan Chase purchases 50,000 DAC credits from US-based firm
Banking giant JP Morgan Chase has pre-purchased 50,000 carbon removal (CDR) credits enabled by direct air capture (DAC), the project’s US-based developer announced on Tuesday.
Read MoreMichigan lawmakers propose regulatory framework for carbon sequestration
A group of bipartisan Michigan state senators introduced a suite of bills aimed at establishing a regulatory framework and permitting process for carbon sequestration projects in the state.
Read MoreTech giant signs offtake agreement for 2.6 mln carbon credits from sustainable agriculture
An agriculture-focused CO2 removal (CDR) developer has signed an offtake agreement with a tech giant for 2.6 million carbon credits from soil-based projects in the US.
Read MoreTexas CCS developer locks credit management firm for offtake
A Texas-based carbon capture and storage (CCS) developer has inked a new offtake deal with a carbon removal (CDR) asset management firm.
Read MoreEU urged to include international flights in ETS, despite US pressure
The EU must resist expected US opposition and regulate emissions from international flights under its Emissions Trading Scheme (ETS), environmental groups said in a letter to European Commission President Ursula von der Leyen on Tuesday.
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