US Department of Energy to provide up to $500 mln for 1PointFive’s South Texas DAC Hub
1PointFive, a subsidiary of oil firm Occidental, has secured up to $500 million in funding from the US Department of Energy’s Office of Clean Energy Demonstrations (OCED) to support the development of its South Texas Direct Air Capture (DAC) Hub.
Read MoreWashington state prioritises additionality, regionality in upcoming CFS amendments
Staff at Washington state’s Department of Ecology (ECY) reviewed forthcoming Clean Fuel Standard (CFS) updates that will incentivise new decarbonisation projects over older ones, showing preference for those that impact the Pacific Northwest (PNW), during a pair of public rulemaking webinars over the past week.
Read MoreUS renewable fuels producer purchases ethanol plant, CCS facility for $210 mln
A US-based renewable fuels producer said Thursday that it has completed a $210 million acquisition of an ethanol plant in North Dakota that will be used to produce sustainable aviation fuel (SAF).
Read MoreResearch groups to support four research projects to advance ocean-based CO2 removal
Two research programmes focusing on maritime CO2 removal (mCDR) announced Thursday the selection of four research projects aiming to advance technologies for ocean-based carbon removal.
Read MoreFailure to launch: Flowcarbon reportedly refunding investors over shelved crypto-carbon token
Flowcarbon, the climate tech startup co-founded by former WeWork CEO Adam Neumann, has reportedly started refunding investors after failing to launch its blockchain-based “Goddess Nature Token” (GNT).
Read MoreFirst talks at EU Parliament environment committee reveal lawmakers’ fears and expectations
Lawmakers in the European Parliament’s environment committee held their first meeting dedicated to climate policy files on Thursday, possibly setting the tone for discussions lying ahead in the coming five-year mandate.
Read MoreBRIEFING: Investors lament carbon removal financing gap at industry summit
The investment climate for carbon removal (CDR) remains relatively cool, with difficult hoops for developers to jump through – making hard for them to attract funding, speakers said at an industry summit on Thursday.
Read MoreEUA prices likely to rise in next 3-6 months as gas market faces upside risks over winter –analyst
Price risk for EUAs is “skewed to the upside” after recent gas-driven weakness, as upside price risk is increasing for natural gas ahead of the coming winter, according to an analyst at a major international bank who raised their 2024 price forecasts by just under 10% from a previous prediction in March.
Read MoreGermany joins mounting calls to halt EU anti-deforestation rules
Germany has joined a growing tide of opponents to the European Union’s anti-deforestation law, as the country’s Chancellor Olaf Scholz calls on the European Commission to suspend the regulation.
Read MoreAirlines ‘suffering’ from lack of CORSIA carbon credit clarity, says aviation executive
Airlines are struggling due to a lack of clarity with CORSIA, the UN’s international aviation offsetting scheme, according to an executive at a German aviation group.
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