Canadian investment firm makes first SAF plunge with $1.1 bln backing
A major Canadian investment company announced its first foray into sustainable aviation fuels Tuesday with a $1.1 billion investment in a Californian low-carbon electrofuels (efuels) developer.
Read MoreSovereign carbon buyers to press ahead with Article 6 deals despite lack of UN clarity
Sovereign buyers of Article 6 carbon credits plan to press ahead on fleshing out agreements with host nations despite a lack of clarity on several key trade technicalities, describing capacity constraints as presenting as a greater obstacle to ramping up much-needed unit supply.
Read MoreEuro Markets: EUAs tumble to 7-week low as natural gas comes under pressure, options expiry looms
European carbon allowances dropped sharply on Tuesday as natural gas prices fell as much as 6.1% on diminishing concerns that US Gulf production might be impacted by an approaching tropical storm, while the looming September EUA options contract expiry was said to be starting to exert a pull on prices.
Read MoreAuthors of controversial paper on Indigenous territories respond to debate
Researchers have responded to criticism about their paper discussing the percentage of biodiversity found in territories managed by Indigenous Peoples (IPs).
Read MoreBig tech company snags lowest price yet for DAC removal credits
A big tech giant has struck a deal to purchase direct air capture (DAC) removal credits for the cheapest price on record – $100 per tonne – starting in the early 2030s, it announced on Tuesday.
Read MoreMeasurement technology company partners with Toronto-based firm for CDR, CCS value chains monitoring
A measurement and automation technology company has collaborated with a Toronto-based measurement, reporting, and verification (MRV) company for better accuracy, reliability, and traceability in carbon management, according to a press release.
Read MoreJapanese carmaker to help Thailand develop framework for privately managed OECMs
A major carmaker in Japan has signed a Memorandum of Understanding (MoU) with the government of Thailand to develop a prototype for Other Effective area-based Conservation Measures (OECMs) managed by private companies in a bid to take the Southeast Asian nation closer to meeting its biodiversity commitments.
Read MoreUK offshore oil and gas emissions slip, although intensity per barrel set to rise
The UK’s offshore oil and gas industry cut its emissions by 4% in 2023 and by just over a quarter in the past five years, although the emissions intensity of every barrel is increasing as production declines, the country’s regulator said on Tuesday.
Read MoreAustralia hosting COP31 could transform climate action in the region, but will be expected to up its game, NGOs say
A group of Australian NGOs has urged the Australian government to secure its bid in hosting the UN COP31 talks in 2026 in partnership with the Pacific, describing it as a “nation-building” activity that could provide a slew of national and regional benefits.
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