Report suggests governments cease support for carbon capture, hydrogen after $30 bln wastage
Governments across the globe have wasted $30 billion supporting carbon capture and hydrogen projects and should cease support for these ‘ineffective’ technologies, according to an advocacy group.
Read MoreEU backs new rules for monitoring, reporting aviation emissions from low-carbon fuels, non-CO2 sources
EU member states on Friday approved an update to the bloc’s regulations that introduces zero-rating for emissions from a series of low-carbon aviation fuels and outlines new requirements for the MRV of non-CO2 emissions from airlines.
Read MoreEuro Markets: EUAs drop to three-week low amid late selling as UKAs extend gains to seven-week high
EUAs posted a daily and weekly loss on Friday, recording their narrowest weekly trading range of the year as a stable morning session was followed by gradually heavier selling throughout the afternoon, culminating in a three-week low, while UK Allowances returned their second 8% five-day gain in the last three weeks.
Read MoreOil giant invests $100 mln into US forestry carbon projects
A global oil major announced Friday a $100 million agreement with two US firms to support improved forest management (IFM) carbon crediting projects across multiple states.
Read MoreFish species’ extinction risk highly underestimated, study finds
The number of fish species at risk of extinction could be fivefold higher than previously estimated, with nearly 5,000 species not receiving a conservation status due to insufficient data.
Read MoreNew shipping decarbonisation options emerge with clean fuels in short supply -insurer
Fossil fuel consuming ships paired with carbon capture, nuclear propulsion, and hydrogen-powered fuel cells are emerging as a new decarbonisation option due to the scarcity of low-carbon fuels, according to a global shipping insurer’s decarbonisation outlook.
Read MoreSouth African high court hears appeal over state-owned gas plant
A South African court of appeal will hear a case on Friday in a years-long challenge by environmental groups to a large-scale gas-to-power plant over its lifecycle climate impacts.
Read MoreTimber and pulp sector falls short on zero deforestation disclosure -report
The tropical timber and pulp industry is falling far short of reporting on its zero deforestation commitments, a new report finds.
Read MoreGuardian under fire for damning articles calling carbon credits ‘junk’
The Guardian has come under criticism for publishing two damning articles about corporates buying ‘likely junk’ carbon credits that came from research that has yet to be broadcast and peer reviewed.
Read MoreUPDATE – Researchers seek to ‘demystify’ argument about carbon removals and offsetting
Both emission reduction credits and those obtained from carbon removals can contribute to the goal of climate neutrality and shouldn’t be considered as opposing parts of carbon abatement strategies, according to a peer-reviewed paper published this week.
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