Frontier strikes $4.5 mln in pre-purchase deals for carbon removals
The buyers club Frontier has facilitated its fourth round of carbon removal (CDR) pre-purchases, with $4.5 million spent on credits from nine project developers, including first-of-their-kind deals in India and Africa.
Read MoreBRIEFING: SBTi paves way for carbon removals under corporate net-zero standard in ‘cryptic’ update
The Science Based Targets initiative (SBTi) published an update Wednesday that experts saw as opening the door for corporates to use removals as part of carbon neutralisation claims under the organisation’s net-zero standard.
Read MoreOver 650 UK farms have their soil carbon audited in ‘largest’ assessment yet
Over 650 UK farms have been assessed in the “largest and most thorough” baseline of environmental farm performance in the UK, in an effort to standardise a confusing landscape of processes for collecting the data, according to a report published on Wednesday.
Read MorePylons and crickets: Expert reveals bioacoustics challenges
Bioacoustics, an emerging technology using sound recordings to monitor wildlife, can be useful to support human ecologists but should not be considered as a replacement for on-site observation, an industry insider said on Tuesday.
Read MoreDomestic carbon removal markets risk missing out on developing world’s potential -experts
The more government policies focus on developing their domestic carbon removals rather than a global market for credits, the less opportunity there will be to tap into the biggest potential in the world – often in developing countries that have less need to cut emissions, according to experts.
Read MoreBanks to sell Puro carbon removals to clients
Two banks have announced they will sell carbon removals issued under the Puro standard to their clients in a bid to ramp up liquidity in the nascent market.
Read MoreNorthern Lights CCS project creates deal for 330,000 CDR credits
Danish renewable energy company Orsted has secured a deal to sell 330,000 carbon dioxide removal (CDR) credits to Norwegian oil and gas major Equinor over a ten year period for an undisclosed sum, boosting Norway’s Northern Lights carbon capture and storage project for the North Sea.
Read MoreGas companies partner with methane standards setter to trial first deal on certified LNG
A methane certification organisation has partnered with a US gas producer and an international energy company to pilot an industry-first transaction for certified liquefied natural gas (LNG), they announced on Wednesday.
Read MoreForestry company launches platform to support forest restoration projects
A global forestry company has launched an open source platform aimed at enhancing the management of forest restoration projects.
Read MoreIncrease in global biodiversity funding largely driven by loans, OECD finds
Biodiversity funding hit $25.8 billion globally in 2022, the highest level since 2015, although the increase was largely driven by loans provided by multilateral institutions rather than grants, according to the OECD.
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