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BECCS, DAC small factor in net-zero Canada -report
New projections by a federal regulator suggest carbon capture technologies like bioenergy power generation with carbon capture, utilisation, and storage (BECSS), and direct air capture (DAC) aren't yet ready to play a major role in Canada’s net-zero future.
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California senator makes another attempt to set ground rules for CDR
A California senator introduced a CO2 removal (CDR) bill on Wednesday, the second attempt by the lawmaker to prescribe rules surrounding CDR development in the state in recent years.
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DATA DIVE: UN postpones 2035 NDC deadline after few countries submit plans on time
The UN has pushed the deadline for the submission of new Nationally Determined Contributions (NDCs) to September, after just a handful of countries sent them in ahead of the initial date of Feb. 10.
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Kenyan energy company to tender 1.8 mln CDM carbon credits
A Kenyan power company and carbon project developer will tender in February around 1.8 million carbon credits issued last year to geothermal energy projects under the UN's Clean Development Mechanism (CDM).
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US CCS projects may capture more than 30 MtCO2 annually from ethanol production -research
By the end of 2024, 51 carbon capture and sequestration (CCS) projects in the US were in the planning stages aiming to store at least 30.5 million tonnes of CO2 each year from ethanol refineries, according to a research study released Wednesday.
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ERW could cut CO2 by up to 300 mln tonnes annually in US by 2050 -report
Deploying basalt-based enhanced rock weathering (ERW) in US agriculture could remove between 160-300 million tonnes of CO2 annually by 2050, and 250-490 mln tonnes by 2070, according to a new study published this week.
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FEATURE: UK set to miss 2030 green jet fuel goals by half, increasing airline carbon exposure
The UK could miss its production goal of 10% sustainable aviation fuel (SAF) in total jet fuel use by 2030 by almost half, according to industry experts, with potential implications for airline exposure to carbon prices under the UK ETS and the UN's CORSIA international offsetting scheme.
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Uncertainty as EU delays CO2 transport and storage package until 2026
Initially expected in 2025, the European Commission has decided to push back its regulatory package for CO2 transport and storage infrastructure until next year, causing uncertainty for carbon capture and storage (CCS) projects, the industry has said.
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UK consultancy, online platform team up to scale nature markets
A UK-based consultancy has joined forces with a digital environmental marketplace to scale nature markets across the UK, seeking to reward farmers and landowners who implement biodiversity restoration projects.
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Euro Markets: Midday Update
European carbon prices were marginally lower at midday on Friday, despite strength in the wider energy complex, as participants continued to speculate on the prospects for sustained strength in a market being increasingly described as "tired" and "rangebound".
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Global organisation launches first accounting standard for cocoa, outlines carbon removals framework
An international organisation has announced the world’s first accounting standard for the cocoa sector, setting a framework for companies to report Scope 3 emissions and measure carbon removal.
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INTERVIEW: Market needs to come to “acceptable compromise” to scale REDD+ projects
International carbon market stakeholders, including standards, rating agencies, and bodies such as the Integrity Council for the Voluntary Carbon Market (ICVCM) and Science Based Targets Initiative (SBTi), must find a path to come to an agreement on REDD+ methodologies if they wish to scale projects in the sector, a market veteran told Carbon Pulse.
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Petrobras launches bioeconomy fund eyeing carbon, biodiversity credits
Brazilian state-owned oil company Petrobras has established a bioeconomy fund to support climate- and nature-focused initiatives in the country, with plans to target carbon and biodiversity credit projects.
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BRIEFING: Experts confident of strong CORSIA supply and demand, including from US
Carbon market participants are confident that there will be both strong supply and demand for CORSIA credits, including from US airlines, despite political developments this year that have cast uncertainty over international climate initiatives.
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CN Markets: CEA price stable, but volume slips amid bearish sentiment
The Chinese Carbon Emissions Allowance (CEA) price edged down this week with shrinking market liquidity, a bearish trend market observers said may continue until more policy clarity is provided.
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INTERVIEW: Hybrid DAC developer eyes scale-up with ‘water-positive’ approach
Hybrid direct air capture (HDAC) technology could help drive down the cost of carbon removals (CDR) by capturing both CO2 and water in a single process, the founder and CEO of a California-based firm told Carbon Pulse.
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Weather tracker: Japan’s record snowfall causes chaos as temperatures dive
Vehicles stranded, trains and planes cancelled, and schools closed after record 129cm of snow falls in 12 hours
Record-breaking snowfall has engulfed swaths of northern Japan, causing widespread disruption. Areas of low pressure and strong north-westerly winds brought cold air from other parts of Asia, causing the extreme weather.
In the Takachi district of Obihiro, a city in the northern prefecture of Hokkaido, a record 129cm (4ft) of snowfall in 12 hours was measured this week. The conditions affected travel, with many vehicles stranded, trains and planes cancelled, and hundreds of schools closed.
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Week in wildlife in pictures: a newborn turtle, a tiny frog and a rare tiger
The best of this week’s wildlife photographs from around the world
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Tokyo-based developer tries again with cookstove JCM methodology
A Japanese project developer has made a second attempt to propose a cookstove methodology under the Joint Crediting Mechanism (JCM), the first of its kind under the scheme if approved.
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Australian miner partners with green steel hopeful for low emissions iron work
An Australian miner sitting on an iron ore deposit saw its share price jump close to 20% by the middle of Friday after it announced an in-principle agreement to supply a large-scale green iron plant in Western Australia.
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