FEATURE: Offshore wind is gaining traction in APAC, but regulatory gaps, supply chain bottlenecks could stifle deployment
The offshore wind industry in the Asia Pacific is displaying significant growth in a patchwork fashion, but missing regulatory frameworks and significant supply chain bottlenecks down the track will require careful planning, according to experts.
Read MoreFossil fuel companies face rising lawsuits to compensate for climate damage, misleading adverts -report
The number of cases filed each year against fossil fuel companies including BP, Shell, and Chevron has nearly tripled since the Paris Agreement, with cases linked to climate damages, misleading advertising, and emissions reduction growing significantly over the period, according to a new report.
Read MoreARB tempers offset issuance, continues to lag behind 2023 totals
California regulator ARB reduced its compliance-eligible offset issuances over the latest two-week period, reversing course from the trend of growing distributions seen in past periods.
Read MoreMajor airline finalises deal to purchase carbon removals
A major airline has finalised a deal to purchase CO2 removal (CDR) credits as the hard-to-abate sector ramps up efforts to meet net zero emission targets.
Read MoreYucatan releases guidelines for nature-based carbon project developers
Mexico’s Yucatan released guidelines Wednesday detailing best practices for developing voluntary carbon market (VCM) projects within the state, placing a heavy emphasis on ensuring that local communities and ejidos are the primary beneficiaries of nature-based projects.
Read MoreDAC developer signs $3 mln engineering agreement for Louisiana project
A direct air capture (DAC) developer on Wednesday announced a $3 million phased commercial agreement with global partners to launch engineering studies and potentially supply CO2 removal (CDR) credits from a Louisiana project.
Read MoreAlberta invests C$2.8 mln to design waste-to-energy with CCS prototype
Alberta is investing C$2.8 million ($2.1 mln) to help design a municipal waste-to-energy facility with a carbon capture addition, the provincial government announced Tuesday.
Read MoreIowa politicians ramp up opposition to CO2 pipeline
County supervisors in Iowa on Tuesday condemned the use of eminent domain for a proposed CO2 pipeline, while state Republicans announced plans to challenge the project’s approval.
Read MoreUPDATE – Second lowest clearance ever at Washington’s Q3 allowance sale
Washington’s Q3 current vintage auction settled nearly $3 below front-month futures prices in the secondary market the day prior to the sale, with buyers recoiling from the uncertainty surrounding the future of the state’s carbon market.
Read More
