UK acknowledges flagship carbon capture programme faces challenges staying on track
The director of carbon capture and storage (CCS) in the UK government acknowledged at a conference on Tuesday that the country faces challenges meeting its capacity targets.
Read MoreVCM Report: Signs of life emerge but voluntary carbon market still yet to spark
Signs of life started to emerge in the voluntary carbon market last week, with brokers reporting an uptick in fresh offers and better buying appetite, although prices were little moved and liquidity remained thin.
Read MoreSpain’s Ribera seen as most likely pick for EU climate chief
The Spanish Minister for the Ecological Transition, who was appointed to Brussels last week by her government, is widely tipped for the European Commission’s climate portfolio, but is not certain to be confirmed in time for the COP29 summit in Baku.
Read MoreEuro Markets: EUAs plunge 3.2% to one-month low amid energy weakness
European carbon prices dropped to their lowest in a month on Tuesday as the weight of selling pressure continued to hang over the market, amplified by US traders returning from the annual Labor Day holiday, while an upward revision to France’s expected nuclear generation this year and bearish Chinese economic data added to weakness in the energy complex.
Read MoreLongship carbon capture project near-complete, on track for 2025 start, confirms Norwegian oil minister
Norway’s pioneering Longship carbon capture and storage (CCS) project is now 80% complete and on-track to begin operations next year, according to the country’s oil minister.
Read MoreBiofuels need to be diverted and power ramped up to decarbonise EU aviation, says think tank
Diverting biofuel production from road transport to the aviation sector could help it reach its decarbonisation targets, while a massive ramp up of renewable and additional electricity production will be needed to meet the 2050 goals, according to a report by a German climate think tank.
Read MoreJordanian carbon market delayed pending greater clarity on Article 6 -media
Jordan’s voluntary carbon market (VCM) plans have stalled since it announced in 2020 intentions to launch a regulated domestic market – a delay that local media sources attribute to ongoing ambiguity about Article 6 carbon trading under the Paris Agreement.
Read MoreMalawi has sold fraction of 1.5 mln forest carbon credits generated in past five years, govt says
The government of Malawi has generated 1.5 million carbon credits from forest-based projects and schemes over the past five years, but sold only a small share of these at a little over $1 per tonne, according to government sources quoted in local media.
Read MoreDutch direct air capture startup raises €15 mln in Series A funding
A Netherlands-based direct air capture (DAC) startup has raised €15.3 million in funding as it looks to scale the rollout of its patented technology, the company announced Tuesday.
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