Researchers 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.
Read MoreEuro Markets: EUAs snap four-day winning streak after reaching new 12-day high as sellers return
European carbon prices snapped a four-day rally after rising to their highest in 12 weeks in the morning amid an increase in buying interest with coal-fired power continuing to make inroads into gas’ share of the EU generation mix, before dropping back to record a loss as the failure to breach a key psychological level encouraged sellers to re-enter the market later in the day.
Read MoreVoluntary carbon removal standard body offers project developers digital MRV tool
Carbon removal (CDR) standard Isometric has released a digital monitoring, reporting and verification (dMRV) platform to speed up the verification and issuance of voluntary credits, it announced Tuesday.
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