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Storage startup MGA Thermal is back on track and looking for capital to expand, after a hiccup in 2023 knocked it off course.

The post Green steam and thermal storage startup reboots pilot plant after “tough lesson” appeared first on RenewEconomy.

Two companies have partnered to launch a new carbon investment fund for US-based projects as they seek to raise $200 million to generate high-integrity credits.

The UK government has launched a consultation on proposed changes to revenue support regulations for engineered greenhouse gas removals (GGRs) and bioenergy with carbon capture and storage (BECCS) projects.

A real estate company from Sweden will buy 10,000 carbon removals from an energy firm over 10 years, the companies announced earlier this month.

A Toronto-headquartered carbon and precious metals royalty and streaming company has terminated future capital commitments to a major US-based carbon farming programme, citing worsening market conditions and increased investment risks.

Indonesia is pushing ahead with negotiating mutual recognition agreements (MRAs) with major international standards, including Verra, Gold Standard, Puro Earth, and Plan Vivo, according to a senior official.

A group of enhanced rock weathering (ERW) project developers has launched a new data-sharing platform designed to accelerate scientific validation and support the commercial scaling of this carbon removal technology.

Emissions from airlines in Europe have bounced back to pre-Covid levels, while the bloc's Emissions Trading System (ETS) appears unable to address the costs of soaring pollution, according to green campaign group Transport and Environment (T&E).

The European biogas industry association has called on the European Commission to include a separate target for biogenic CO2 capture in the EU’s 2040 climate plan, emphasising the role biomethane can play in removing CO2 from the atmosphere.

The potential integration of the EU’s carbon removal certification framework into the bloc’s Emissions Trading System (ETS) would be a “major catalysing step” for industrial decarbonisation, according to a CO2 mineralisation company.

A former centre-right politician who has spent the last five years heading up Germany’s largest regional energy company is set to succeed the Greens' Robert Habeck as head of the government’s energy portfolio — but without the climate file, which is moving to the environment ministry.

European carbon prices slid in quiet trading on Monday as participants described a lacklustre market that was still reflecting a holiday mood, though a number of sources highlighted prospects for some recovery in the longer term.

The Tokyo Stock Exchange has designated four domestic companies as market makers for Japan's carbon market this fiscal year.

Campaigners say targets for woodland creation are unlikely to be met because 95% of grants are for planting

The government is failing to support the natural regeneration of trees in England owing to an overwhelming focus on planting, campaigners have said.

Recent figures show only 5% of Forestry Commission grants for woodland creation have been spent on the natural regeneration of trees, while the remaining 95% is spent on tree planting.

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The Nature Tech Collective on Monday launched a five-part taxonomy to help navigate the emerging sector of nature-related financial technology.

The government of Tunisia, in partnership with the African Development Bank (AfDB), has launched a $24 million initiative to restore degraded forests and boost climate resilience in the rural areas of the nation.

Solar storms as intense as a 1921 superstorm have the potential to cause a nightmare scenario – and we are unprepared

On 14 May 1921, a powerful solar storm – called the New York Railroad storm – caused the northern lights to illuminate New York City’s night sky. On Broadway, crowds lingered, enjoying “flaring skies” that remained undimmed by city lights. The following morning, excess electric currents shut down the New York Central Railroad’s signal and switching system in Manhattan, stopping trains. A fire broke out in a railroad control tower that was located at Park Avenue and 57th Street. Smoke filled the air. Along a stretch of Park Avenue, residents “were coughing and choking from the suffocating vapors which spread for blocks”.

When a solar storm’s electrically charged particles envelop Earth, they cause geomagnetic storms that generate electric fields in the ground, inducing electric currents in power grids. Solar storms as intense as the 1921 superstorm have the potential to cause a nightmare scenario in which modern power grids, communication systems, and other infrastructures collapse for months. Such a collapse of power grids would likely also lead to nuclear power plant accidents, whose radioactive emissions would aggravate the overall catastrophe.

Mark Leyse is a nuclear power safety advocate with a degree in nuclear engineering

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Much work remains in reducing energy-related carbon emissions across developing economies in Asia and the Pacific, a regional multinational development bank said Monday, calling for investment to be ramped up.

One of Japan's largest refiners will invest in a venture capital fund dedicated to supporting startups engaged in the development of carbon removal solutions, it announced Monday.

The European Energy Exchange (EEX), in cooperation with IncubEx, will introduce new futures contracts related to the EU Emissions Trading System 2 (EU ETS2) in July, subject to regulatory approval.