Clean cement outfit raises $85 mln in Series C round
A US-headquartered low-carbon cement developer with some 100 patents to its name and plans to grow to global scale has raised $85 million in Series C funding from a conglomerate of clean energy financiers.
Read MorePlacing agriculture into NZ ETS would have “torpedoed the economy”, minister says
The New Zealand economy would have been torpedoed had agriculture been folded into the emissions trading scheme next year, the country’s climate minister told a conference Tuesday, despite a senior Nestle executive warning the sector is not doing enough to reduce emissions to remain internationally competitive.
Read MoreResearchers urge US industrial carbon utilisation to reach net zero goals
CO2 utilisation can produce goods such as aviation fuels, pharmaceuticals, and concrete, but US federal agencies must develop systems that drive commercialisation and market demand, according to a report mandated by Congress and the Department of Energy (DOE).
Read MoreRGGI compliance entities expand allowance holdings in Q2, secondary market activity jumps -report
RGGI compliance entities expanded their allowance holdings during the April-June period even as their surplus shrank, while futures and options trading also grew substantially as credit prices rose to new records, according to a report published Tuesday.
Read MoreSweden, Zambia sign Article 6 MoU
Sweden and Zambia have signed a memorandum of understanding (MoU) for bilateral climate cooperation under Article 6.2 of the Paris Agreement, according to a statement by the Swedish Energy Agency (SEA) on Tuesday.
Read MoreBrazilian carbon credit alliance defends REDD+ following Amazonas controversy
A Brazil-based nature-based solutions (NBS) industry group defended REDD+ projects on Monday in wake of recent recommendations by the public prosecutor of Amazonas state to halt all related activities affecting Indigenous and traditional communities.
Read MoreCompliance frameworks using offsets and CDR may steer VCM evolution, but quality concerns persist
Compliance-focused schemes that allow the use of offsets could shape the future of the voluntary carbon market (VCM) along with an increase in the usage of CO2 removal (CDR) credits, but quality concerns must be addressed to ensure growth, panellists told a webinar Tuesday.
Read MoreUS carves out nearly $300 mln from IRA for SAF
The US Federal Aviation Administration (FAA) has announced $291 million in grants from Inflation Reduction Act (IRA) funds to projects that facilitate development and implementation of sustainable aviation fuels (SAF).
Read MoreUpdated NDCs could see Australia’s big emitters reach net zero early, says consultancy
Australia’s heavy emitters could reach net zero before 2050, a date adopted by the country as well as many large companies, should baseline emissions reductions covered under the Safeguard Mechanism bump up.
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