More federal cash needed for research before marine CDR can scale in the US, Congress hears
A ramp up in federal funding is needed to boost research and development into the nascent marine carbon dioxide removal (mCDR) industry that will require robust public-private partnerships to scale and become commercial, a congressional committee heard Thursday.
Read MoreBRIEFING: Experts confident of voluntary carbon market recovery, but not in 2024
Experts have said that they are confident the necessary factors for the voluntary carbon market (VCM) to recover are in place – but that this may not take place for some time.
Read MoreEU, US beginning to see eye-to-eye on Article 6 standards, says bloc’s lead negotiator
The US is beginning to cede ground in long-running negotiations over Article 6 of the Paris Agreement, showing flexibility on the EU’s demand for strong minimum standards to govern international carbon markets, the bloc’s chief climate negotiator said on Thursday.
Read MoreEuro Markets: EUAs plunge to new five-month low as gas drops 6% on supply news
EU allowance prices fell steeply on Thursday afternoon, reaching a new five-month low after earlier grinding their way higher, as gas markets were roiled by reports that Azerbaijan may ship gas to Europe through Ukraine, allaying fears of a supply shortage this winter after Kyiv’s contract to ship Russian gas comes to an end.
Read MoreTaiwan plans emissions trading scheme, eyes initial pilot phase -minister
Taiwan is planning to launch domestic emissions trading in four years’ time, starting initially with a pilot phase, Environment Minister Peng Chi-ming told local media on Thursday.
Read MoreClimate ‘divide and rule’ in new EU Commission might just work, experts say
As European Commission President Ursula von der Leyen unveiled her new EU executive earlier this week, with climate policies scattered across various portfolios, observers in Brussels seemed willing to give her the benefit of the doubt, saying this configuration may be useful to prevent political culture wars.
Read MoreGoogle buys first nature-based carbon removal credits from Brazilian project
US tech giant Google will buy 50,000 nature-based removal credits through 2030 from a Brazilian startup, marking the first purchase of its kind from the technology giant, the company announced Thursday.
Read MoreCDR credits issuer set to boost monitoring, improve accuracy after fresh finance round
A provider of carbon removals (CDR) credits has completed an oversubscribed Series A funding round, which will help to bolster its monitoring, reporting, and verification (MRV) service, add more CDR technologies, and improve its efficiency and accuracy, it announced on Thursday.
Read MoreBiodiversity net gain register to list another 330 units, project developer says
The number of units available on England’s national Biodiversity net gain (BNG) register are set to double with the listing of one 617-hectare site, a restoration company said on Thursday.
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