Australian tech company divests from sustainability platforms business to focus on biochar project development
ASX-listed digital infrastructure company NoviqTech on Monday annouced a CEO shakeup and the complete divestment of its supply chain traceability platforms in a move to pivot the company’s focus to its carbon removal (CDR) business.
Read MoreGlobal biochar output nearly triples in two years as carbon market participation widens -industry report
Global biochar production has nearly tripled in the past two years and is projected to reach more than 9 million tonnes annually by the end of the decade, as the carbon removal technology moves from an emerging industry into large-scale commercial deployment, according to a new market report.
Read MoreNorth American methane mitigation firm raises $2.4 mln, expands well-plugging footprint
A North American methane mitigation and well-plugging company has raised $2.4 million in fresh capital and secured several new energy-sector clients as it expands its remediation operations across the United States and prepares for international growth.
Read MoreTechnical assistance funding backs Congo sustainable land-use project
A sustainable land-use project in the Republic of the Congo has secured catalytic technical-assistance funding to support environmental and social studies aimed at advancing the project towards investment readiness.
Read MoreUS-based startup launches carbon removals business, first projects due this year
A newly launched CO2 removals developer has emerged with plans to build a portfolio of community-focused forestry and biomass projects.
Read MoreBrazilian Climate Fund announces new round of R$2.7 bln for restoration projects, backing carbon credit pipeline
Brazil’s National Bank for Economic and Social Development (BNDES) and the Ministry of Environment and Climate Change (MMA) have announced five new forest restoration and agroforestry financing operations worth R$834 million ($164 mln), expected to leverage a total of R$2.7 billion in investments and generate millions of carbon credits.
Read MoreGHG Protocol expands on review amidst controversy of scientist resignation
Staff at global standard Greenhouse Gas Protocol have responded with detailed steps of an independent review conducted after scientists on the Independent Standards Board (ISB) raised concerns internally regarding deliberations over forest carbon accounting.
Read MoreNetherlands retires 7k carbon removal credits in record transaction for state govt
The Dutch government has retired nearly 7,000 tonnes of durable carbon removal credits to compensate for emissions generated by official government flights, marking what is believed to be the largest retirement of durable carbon removal credits by a government entity to date.
Read MoreSB64: EU hopes CORSIA will use PACM as guide to ensure Paris alignment, advisor says
The EU is hopeful that the UN’s CORSIA offsetting scheme for airlines will look at the Paris Agreement Crediting Mechanism’s (PACM) direction of travel and explore potential revisions, a policy advisor to the European Commission said Friday, as aviation stakeholders await a decision on whether the bloc will expand its ETS to cover extra-European flights.
Read MoreBlue carbon guidance risks overlooking Indigenous and community tenure rights, researchers warn
Guidance underpinning the rapidly expanding blue carbon sector frequently overlooks key tenure rights and international obligations to Indigenous peoples, coastal communities, and small-scale fishers, potentially exposing local groups to dispossession and exclusion from project benefits, researchers have warned.
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