Constellation Energy, Microsoft partner to restart Three Mile Island nuclear power plant
US-based Constellation Energy plans to restart the Three Mile Island nuclear power plant, which was closed in 2019, under a 20-year deal with Microsoft to supply carbon-free energy to its data centres.
Read MoreUS to fund up to $1.8 bln in new DAC projects
The US Department of Energy (DOE) will fund up to $1.8 billion of mid-scale and large-scale direct air capture (DAC) facilities, according to a Notice of Intent (NOI) issued on Friday.
Read MoreClimate Asset Management raises over $1 billion for natural capital projects
Climate Asset Management (CAM) has secured over $1 billion to invest in natural capital initiatives such as regenerative agriculture, as investor demand for projects aimed at improving soil health, planting trees, and rehabilitating land continues to grow, the firm’s CEO has said.
Read MoreBiggest automakers in Europe and North America aren’t addressing their steel production emissions -report
The majority of automakers in Europe and North America have not set targets for integrating fossil-free steel, according to a report released Wednesday.
Read MoreUPDATE – WCI Q4 auction ups allowance volume after Q3 dip
The California-Quebec joint WCI auction in November will offer a higher volume of allowances this quarter following Q3’s year-to-date nadir, according to a Friday notice from California regulator ARB.
Read MoreLarge sustainable aquaculture firm secures €2.5 mln from Dutch fund
An offshore aquaculture company based in the Faroe Islands has received €2.5 million from a fund managed by the investment arm of a Dutch bank.
Read MoreINTERVIEW: Carbon removal offtakes need de-risking to grow the market
The carbon removals (CDR) market needs offtake agreements with built-in de-risking measures to scale and offer attractive credit prices, a dealmaker told Carbon Pulse.
Read MoreVerra urged to overhaul investigation process after REDD project loses $30 mln during probe
Verra is damaging investor confidence in the voluntary carbon market through its “presumption of guilt” when handling investigations, warned stakeholders in the Southern Cardamom REDD+ project (SCRP) that says it lost more than $30 million in revenue during a 14-month long probe.
Read MoreUPDATE – US market regulator approves voluntary carbon credit trading guidelines
The US Commodity Futures Trading Commission (CFTC) approved final guidance Friday regarding the listing for trading of voluntary carbon credit derivative contracts.
Read MoreVolvo vows to take action on nature, biodiversity
Swedish carmaker Volvo has published a position paper on nature and biodiversity, pledging to take action to reduce its impacts and to invest in conservation and restoration to counterbalance residual negative effects of its activities.
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