North Dakota coal plant CCS project loses lead developer despite DOE support
A large-scale carbon capture and storage (CCS) project at a North Dakota coal plant is in limbo as a co-developer withdrew from the project months after receiving federal support from the US Department of Energy (DOE).
Read MoreDelays cause CO2 pipeline developer to withdraw permit application in Iowa
A midwestern carbon pipeline company has withdrawn its permit application to build a CO2 pipeline in Iowa after delays created uncertainty around the project’s timeline, the company said in state filings.
Read MoreVattenfall pauses CCS plans in Sweden -media
Swedish utility Vattenfall has paused plans for carbon, capture, and storage (CCS) plants in Sweden, citing the market as too “immature”, according to media reports.
Read MoreToo much focus on host country risk in global carbon trade, says project developer
There is currently too great a focus on the integrity risks associated with host countries, and not enough on those associated with slow-moving policy on the development of global carbon markets, an executive from a project developer said on Tuesday.
Read MoreCOMMENT: A purposeful scientific community of practice can help carbon markets deliver impact at scale
Nature-based solutions, particularly those harnessed by the voluntary carbon market, play a critical role in addressing the urgent interlinked crises of climate change and biodiversity loss by mobilising private finance for conservation and restoration, fostering interdisciplinary research, and ensuring ethical practices, even as they face scrutiny and require continuous improvement to scale their impact effectively.
Read MoreArticle 6 deal puts pressure on capital markets to deliver for climate, says legal expert
The deal reached at COP29 to finalise Article 6 of the Paris Agreement marked a pivotal moment for the establishment of international carbon markets. Now, the challenge lies in demonstrating that capital markets can deliver results for the climate, a leading international legal expert said on Tuesday.
Read MoreChinese conglomerate launches climate tech innovation programme
A Chinese tech major on Tuesday launched the second phase of its carbon accelerator programme, calling on proposals for low-carbon innovations globally, with the purpose of providing funding and support to the tune of tens of millions of dollars.
Read MoreFragmentation of standards a fact of life in new carbon market landscape, say experts
Fragmentation in international carbon markets is now a “reality”, and it is unlikely that there will be a single global standard for credits as countries continue to take different approaches in terms of project development, according to panelists speaking at a conference on Tuesday.
Read MoreTanzania launches $4.5 mln forest restoration initiative -media
Tanzania has announced a $4.5 million programme aimed at restoring 5.2 mln hectares of degraded forests as part of its commitment to the African Forest Landscape Restoration Initiative (AFR100).
Read MoreSouth Korea, UNFCCC to develop Paris-aligned voluntary carbon market
South Korea and the UNFCCC secretariat have agreed to jointly develop a global voluntary market aligned with the Paris Agreement, with detailed plans to be disclosed early next year.
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