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Banks 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.
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Northern 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.
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“Extraordinary find:” Offshore wind seabed survey solves century old maritime mystery
The post “Extraordinary find:” Offshore wind seabed survey solves century old maritime mystery appeared first on RenewEconomy.
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Gas 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.
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Forestry 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.
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Increase 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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Ships receive backing from certifiers for CO2 transport
A Japanese company has received approval in principle (AiP) for two new designs of liquefied CO2 (LCO2) carriers, a type of vessel integral to the nation’s plans for wholesale export of its emissions to other jurisdictions for sequestration and permanent management.
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Euro Markets: Midday Update
EU carbon prices fell for the fourth time in the last five days despite a second strong build in speculative short positions, which prompted some participants to predict a short squeeze, while energy markets continued to see-saw in response to conflicting pressures of bearish demand, healthy storage levels, and continuing concerns over longer-term supply.
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New FCA rules for oil, gas, and mining companies putting investors at risk, say experts
New UK Financial Conduct Authority (FCA) rules for oil, gas, and mining companies are inadequate on climate and are putting investors at risk, experts said during a webinar on Wednesday.
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Voluntary carbon organisations launch coalition to target CEOs
A group of around 20 voluntary carbon organisations have launched a communications push to promote the use of credits towards corporate net zero goals, specifically targetting the CEOs of potential buyers.
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Tech firm buys 1.3 mln reforestation credits from Brazil, with option for another 2.6 mln
One of the giants of the tech world has agreed to buy 1.3 million reforestation credits in Brazil, with the option to acquire an extra 2.6 mln units.
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Musk's satellites 'blocking' view of the universe
Radio waves from the satellites are "blinding" radio telescopes and hurting research, say scientists.
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Nature intelligence firm raises $1.2 mln to advance biodiversity risk reporting
A US-based nature intelligence company announced Tuesday it has secured $1.2 million in seed funding to expand its platform aimed at supporting companies in assessing biodiversity-related risks.
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Japanese companies introduce all-in-one service for J-Credit generation and purchase
A group of Japanese companies have teamed up to launch a joint business that can simplify the process of carbon credit generation under the domestic voluntary scheme and secure buyers in the early stages.
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VC firm wrangles angel investors for $2.1 mln in funding for Indonesian blue carbon player
An Indonesian nature-based carbon project developer has taken in $2.1 million in seed funding from angel investors after a successful round led by one of the nation’s only venture capital funds.
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Queensland coal miner granted state funding to cut emissions
A Queensland coal company covered by the Safeguard Mechanism has been granted funding from a state government initiative to cut carbon emissions from its operations.
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Analysts say China climate policy is highly insufficient
China is not meeting its fair share contribution to climate change mitigation, even though record rates of renewable deployment are on the verge of meeting growing energy demand, according to analysis published this week.
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Clean fuel credit price volatility not on the radar for Oregon, Washington regulators
Volatility in clean fuel credit prices this year is a reflection of client demand for credits and not a factor considered in ongoing rulemaking, the regulators of the US clean fuels programmes in Oregon and Washington told a conference on Tuesday.
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Australia desperately needs a strong federal environmental protection agency. Our chances aren’t looking good
Australia’s main environment laws have long been regarded as not fit for purpose. But efforts to strengthen environmental protection have met huge pushback.
Justine Bell-James, Associate Professor in Environment and Property Law, TC Beirne School of Law, The University of Queensland
Licensed as Creative Commons – attribution, no derivatives.
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Rio Tinto brings in local carbon business for tree planting trial for renewable diesel
Mining giant Rio Tinto is partnering with an Australian carbon abatement business on a renewable diesel pilot project using a particular kind of seed oil for fuel switching to help decarbonise its operations.
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