First CCCI transition credit pilot project to see more clarity this year
The first Coal to Clean Credit Initiative (CCCI) pilot project could see more progress this year, according to the developers, who eye avoiding up to 19 million tonnes of CO2 emissions with the early phase-out of a Filipino coal plant.
Read MoreANALYSIS: Experts cautious on proposed EU methodologies to certify carbon removals
Experts expressed mixed views on the European Commission’s proposed methodologies to certify different types of carbon removal activities under the EU’s Carbon Removals Certification Framework (CRCF), with some observers welcoming bold elements of the proposals and others criticising them on structural or methodological grounds.
Read MoreGold Standard approves CDR methodology for biomass fermentation
Gold Standard has approved its first geological storage methodology as it steps into the carbon removal (CDR) sector that is starting to shift from a niche market into the mainstream.
Read MoreEnvironmental assets exchange adds biochar credits to its platform
An environmental assets marketplace on Wednesday introduced a new line of carbon removal credits via a recently-introduced biochar trading instrument.
Read MoreUK, Swedish firms close $325 mln forestry fund aimed at carbon removal
A UK-headquartered asset manager and Sweden-based forestry development firm closed an inaugural $325.3 million fund that targets over 18 mln tonnes of CO2 removal across 80,000 hectares of forest.
Read MoreUS DOE picks finalists for $1.5 mln DAC innovation award
The US Department of Energy (DOE) announced Wednesday recipients selected for $1.5 million in prize money among several ongoing competitions to develop commercial-ready CO2 direct air capture (DAC) technologies.
Read MoreUS carbon developer sells first forest credits for $34 apiece
A New York-based developer of nature-based carbon projects announced on Wednesday the sale of its first batch of Improved Forest Management (IFM) offsets for $34 each.
Read MoreEU green claims directive having ‘chilling effect’ on voluntary carbon market
The EU’s green claims directive is having a tangible, negative impact on demand for voluntary carbon credits, and scaring corporates away from the market, participants told an event Wednesday.
Read MoreCalifornia and Norway sign MoU collaborating on renewable energy, decarbonisation
The Memorandum of Understanding (MoU) between California and Norway signed Tuesday, establishes a framework of voluntary cooperation on areas including clean energy, zero-emission transportation and ports, carbon removal, and climate-smart agriculture.
Read MoreDirect air capture developer launches portfolio service including other carbon removals
A direct air capture (DAC) company is expanding its remit to enable clients to purchase a range of different voluntary carbon removal credits, including from nature-based projects, as part of a portfolio service designed to complement its technology development provision.
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