Feed aggregator
RWE and TotalEnergies strike green hydrogen deal to cut 300k tonnes of CO2 annually
Energy utility RWE said Wednesday it will supply TotalEnergies' German refinery with 30,000 tonnes of green hydrogen per year from 2030 under a 15-year deal, a move expected to cut 300,000 tonnes of CO2 annually.
Categories: Around The Web
CBAM could cause Ukraine losses of $2.7 billion in investment -study
The EU’s Carbon Border Adjustment Mechanism (CBAM) could lead to a loss of $2.7 billion of investment for Ukraine between now and 2030, according to a study by a Ukrainian-based consulting company published on Wednesday.
Categories: Around The Web
ANALYSIS: Green crediting scheme taken to India’s Supreme Court, as govt advances plantation drive
Two environmental groups have filed a petition in the Supreme Court of India challenging the country’s Green Credit Programme (GCP), which they claim is expected to wreak havoc on the country’s natural ecosystems.
Categories: Around The Web
FEATURE: Bulgaria’s coal phaseout faces “irrational opposition” to an “inevitable process”
Bulgaria’s coal industry is on a path of gradual decline, but while market forces are pushing for an exit, political hesitancy and social concerns are delaying the “inevitable”, experts have told Carbon Pulse.
Categories: Around The Web
Africa’s first regenerative farming project issues Verra certified credits
A regenerative farming project has become the first to issue credits using Verra’s VM0042 methodology in Africa, according to a statement released Wednesday.
Categories: Around The Web
UPDATE – Net-Zero Banking Alliance looks to loosen climate commitments amid widespread departures
The world's largest alliance of banks committed to reaching net zero emissions is set to vote on whether to walk back on its promises, following the departure of US banks after President Donald Trump's election, the Financial Times reported.
Categories: Around The Web
Boom in CDR interest risks overshadowing other carbon projects, warns expert
Growing interest in carbon removal credits in recent months should not come at the expense of investments in avoidance or anti-deforestation activities that also require financing, according to a carbon offsetting specialist.
Categories: Around The Web
Nordics hobbled by EU on Article 6 trade in carbon removal credits -study
Finland and Sweden have huge potential to generate carbon removal credits using forest-based biomass, but their ability to engage in international trades under Article 6 of the Paris Agreement is currently hampered by limitations in EU law, according to new research.
Categories: Around The Web
Balance of power: why Loch Ness hydro storage schemes are stirring up trouble
As Scottish energy firms race to meet challenges of storing power, critics fear plans will affect delicate hydrology of loch
Brian Shaw stood at the edge of Loch Ness and pointed to a band of glistening pebbles and damp sand skirting the shore. It seemed as if the tide had gone out.
Overnight, Foyers, a small pumped-storage power station, had recharged itself, drawing up millions of litres of water into a reservoir high up on a hill behind it, ready for release through its turbines to boost the UK’s electricity supply. That led to the surface of Loch Ness, the largest body of freshwater in the UK, falling by 14cm in a matter of hours.
Continue reading...
Categories: Around The Web
Green scheme closure a 'shattering blow' to farms, says union
The government says it cannot accept any new applications for its key green farming funding scheme.
Categories: Around The Web
US tariffs risk decimating EU steel and aluminium production, industry groups warn
The European steel and aluminium sectors have said US tariffs entering into force this week reduce export opportunities and risk diminishing an already faltering production in the bloc, with possible repercussions on demand for EU carbon allowances.
Categories: Around The Web
UK CDR hub awards five storage projects in third funding round
A UK-based carbon removal (CDR) programme has selected five permanent carbon storage projects for grants of up to £75,000 each as part of its latest funding round.
Categories: Around The Web
Euro Markets: Midday Update
EU carbon prices were weaker on Wednesday morning as traders juggled a basket of bearish geopolitical headlines with Commitment of Traders data that showed investment funds continuing to make steady reductions in net length.
Categories: Around The Web
Poor wastewater treatment flushes billions of dollars away, report says
Poor wastewater treatment costs economies billions of dollars annually in marine environmental, agricultural, and healthcare costs, said a report published on Wednesday.
Categories: Around The Web
Road to Belem: Highway project to COP30 cuts through Amazon rainforest
A new four-lane highway to the COP30 climate summit in Brazil’s host city, Belem, is cutting through protected Amazon rainforest to accommodate traffic for over 50,000 attendees in November, according to a report by the BBC.
Categories: Around The Web
Canadian govt ringfences C$100 mln to advance biodiversity conservation in Quebec
The Canadian government has allocated C$100 million ($69.2 mln) to advance biodiversity conservation across the province of Quebec, including through expanding protected areas (PAs) and preserving vulnerable species.
Categories: Around The Web
SK Market: March CO2 auction oversubscribed, clears at 9,100 won
South Korea's latest monthly CO2 permit auction on Wednesday was oversubscribed, though analysts remained cautious about the market outlook as more regulatory clarity may only be provided around mid-year.
Categories: Around The Web
Researchers flag shortfalls in widely used methods to assess corporate impacts on biodiversity
Commonly used biodiversity assessment approaches face numerous challenges that are often overlooked by businesses and could hamper their efforts to mitigate impacts on nature, according to a study released this week.
Categories: Around The Web
More efficient CO2 capture seen as key to scale CCS industry
More attention must be paid to capturing post-combustion carbon streams with low CO2 concentrations if the world is to hit climate targets and scale the carbon capture and storage (CCS) industry, a Perth conference heard this week.
Categories: Around The Web
China’s Guangdong cuts free allocation to industrial emitters under regional ETS
China's Guangdong province will reduce the free allocation of CO2 permits to industrial emitters regulated under its emissions trading scheme, as it seeks to further strengthen the operation of the regional carbon market.
Categories: Around The Web