Ancient log discovery points to wood burial as durable, low-cost carbon removal solution
The discovery of a 3,775-year-old perfectly preserved log has led scientists to believe that burying wood can be a cost-effective, long-term method of removing CO2 from the atmosphere.
Read MoreEx-Shell NBS expert joins Microsoft’s carbon removals team
A nature-based solutions expert has joined Microsoft as program manager of its carbon removals team following seven years at Shell.
Read MoreGerman climate tech firm launches support service for biochar project development
A Germany-based climate tech firm has launched what it called “comprehensive” support services to accelerate biochar CO2 removals (CDR) projects, while also announcing partnerships with two digital monitoring, reporting, and verification (MRV) firms.
Read MoreVoluntary biodiversity market nascent, uncertain, but growing report finds
A report surveying global biodiversity credit suppliers has found the market is still very much in the embryonic stage, with the demand question yet to be full answered, however there are signs of growing interest.
Read MoreNew York asset management firm launches $25 mln carbon credit fund
A New York City-headquartered asset management firm has launched a $25 million fund to offer individual investors access to early-stage carbon projects.
Read MoreCanada awards $15 mln globally for sustainable forestry projects
The Canadian government has awarded C$20.6 million ($15.4 mln) to 31 projects across the globe aimed at promoting sustainable forestry.
Read MoreCFTC: Shift to V25 CCAs extends, traders reduce RGGI exposure
An ongoing build-up of V25 California Carbon Allowance (CCA) holdings comes at the expense of V24s, while RGGI traders reduce exposure as allowance prices in the secondary market decline from summer peaks, according to this week’s data released Friday from the US Commodity Futures Trading Commission (CFTC).
Read MoreUS DOE plans to fund up to $1.3 bln carbon capture projects
The US Department of Energy (DOE) plans to fund up to $1.3 billion in carbon capture and sequestration (CCS) projects, according to a Notice of Intent (NOI) issued on Friday.
Read MoreFinal Oregon CPP reinstatement discussions explore potential refinements on stringency, costs
Industry opposition to Oregon’s proposed Climate Protection Program (CPP) remained muffled amid strong voices of support for the scheme, although the state’s Environmental Quality Commission (EQC) continues to explore potential avenues for revisions as the programme regulator concluded its final discussions ahead of the rule proposal.
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