CARBON FORWARD MIDDLE EAST: Annual CORSIA carbon market valuation to exceed current VCM in Phase 1 -analysts
The price of carbon credits eligible for CORSIA Phase 1 (2024-26) could reach as high as $51 per tonne based on the current supply and demand outlook, with the annual market valuation for the period to exceed the current total for the entire VCM, according to analysts speaking at the Carbon Forward Middle East conference this week.
Read MoreUK startup raises $13 mln to scale limestone-based DAC technology
A London-headquartered limestone-based carbon removal (CDR) provider announced Thursday it has secured $13 million in Series A funding.
Read MoreCARBON FORWARD MIDDLE EAST: FEATURE – Compliance emissions pricing measures take root in the Gulf
Multiple gulf states have adopted domestic greenhouse gas (GHG) emissions pricing or reporting schemes over the past year, reflecting coordinated efforts to reduce the carbon intensity of their economies, market participants said at Carbon Forward Middle East in Abu Dhabi.
Read MoreShopify ends 2024 with $36.3 mln in carbon removal deals
Shopify spent $36.3 million on carbon removal (CDR) in 2024, increasing its total commitment to $83.9 million, the e-commerce company announced on Thursday.
Read MorePREVIEW: High hopes for Indonesian exchange’s first international carbon credit sale, but doubts raised over buyer interest
Indonesia’s first international sale of carbon credits on its national exchange next week has been hailed as an exciting development for the country’s market, but observers have raised concerns that there could be a lack of interested buyers for a multitude of reasons.
Read MoreSwitzerland commits millions for carbon removal projects
Switzerland has opened a funding round worth CHF 100 million (€106 mln) to develop carbon removal projects in the country, the government announced Thursday.
Read MoreGoogle inks second 100k biochar carbon removal deal
Google signed a second large biochar carbon removal deal Thursday, buying 100,000 tonnes of CO2 through 2030 from a California-based developer.
Read MoreUS DOE churns near $14 mln funding for products from chemical, refinery CO2 emissions
The US DOE announced $13.7 million in available federal funding on Thursday to advance CO2 conversion from chemicals production and petroleum refining into usable products, adding to a string of awards since the start of the year.
Read MoreUN opens consultation on REDD+ strategy for 2026-30, aiming to halt deforestation by 2030
The flagship UN programme on Reducing Emissions from Deforestation and forest Degradation (REDD) and boost forest carbon stocks has opened a public consultation for its 2026-30 strategy.
Read MoreInsurance agency to offset UK emissions from repairs
An international insurance agency and claims manager has introduced a carbon-neutral repairs initiative in the UK, which it said will set a new benchmark for sustainability in insurance repairs.
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