Japan will hold talks with Malaysia on storing Japanese power plant and industrial emissions of carbon dioxide in the Southeast Asian nation, with an aim of sending the first shipment in 2028

Nikkei Asia

Japan, Malaysia to discuss carbon storage with aim of 2028 start

Australian engineering firm Worley has secured a contract from QatarEnergy LNG, previously known as Qatargas, to provide front-end engineering design (FEED) services for the latter’s CO2 sequestration project in Ras Laffan, Qatar

LNGPrime

Worley bags carbon capture gig from QatarEnergy LNG

A UK carbon capture plant is showcasing how the planet-saving technology works

The Times

How carbon-capture really works: a day at the plant tackling climate change

John Kerry expresses frustrations at fossil fuel-reliant countries and companies

Financial Times

US climate chief rails at Asian coal as geopolitical tensions shadow UN summit

Carbon capture and storage (CCS) can be deployed in limited cases to ensure e-fuels reach full climate neutrality, green group Transport & Environment has told

Euractiv

Green NGO supports controversial CCS to ensure e-fuels reach CO2 neutrality

Climeworks is exploring the development of a large-scale direct air capture (DAC) project in Kenya to remove and store carbon dioxide from the atmosphere

Reuters

Climeworks eyes Kenya project to capture carbon dioxide from air

A C$16.5 billion ($12.27 billion) carbon capture and storage (CCS) project proposed by Canada's major oil producers will only move forward if the federal government sets up a contract to lock in future carbon prices

Canada oil sands carbon capture project cannot proceed until prices locked in

The leaders of three of the largest oil and gas producers in the world said carbon capture and storage projects will be central to their business

S&P Global

Carbon capture plays pivotal role in top oil producers' energy transition plans

When it comes to emissions reduction, carbon capture and storage is the main focus of the oil industry. That was the message from company executives and government officials who gathered this week in Calgary for the World Petroleum Congress

Oil Price

Oil giants back carbon capture but warn against demand destruction

Government policy isn’t enough to reduce emissions and accelerate the world’s transition to cleaner energy sources and a market for carbon-emission reductions is needed, Exxon Mobil Corp. Chief Executive Officer Darren Woods said

Bloomberg

Carbon-cutting market needed in energy transition, Exxon CEO says

Alberta Premier Danielle Smith said on Monday she wanted to announce the details of investment tax credits to support carbon capture and storage (CCS) projects at the COP 28 climate summit in Dubai at the end of this year

Alberta premier wants to unveil carbon capture storage tax credits at COP28

Talking about climate in Calgary may seem incongruous — or entirely appropriate, depending on your point of view

 Carbon-capture dreaming in the city that needs it most

A recent study published in the journal Nature Climate Change reveals that incorporating nature into city infrastructure doesn’t just capture carbon emissions, but it can also actively reduce them. The study was based on an integration of data from previous studies that examined the effects of various nature-based solutions



earth.com

Nature-based solutions: City greening reduces carbon emissions

Amin Nasser called for a quicker scaling-up of the technology to sequester carbon emissions

Upstream Online

Saudi Aramco chief: carbon capture ‘cannot be transition bridesmaid’

The earth is beyond “safe operating” limits in six out of nine important areas, damaging its ability to self-regulate and increasing the risk of abrupt and irreversible change due to human activity, according to the latest research

Earth outside ‘safe operating zone’ for humans in crucial areas, scientists find

Google is urging corporate clean-energy buyers to help commercialize technologies like next-generation geothermal, carbon capture and storage, advanced nuclear, hydrogen and long-duration storage

Utility Dive

Emerging firm and peaking clean energy tech can slash carbon-free power costs

"The ocean's carbon content is 50 times larger than what is in the atmosphere. Its sheer size also means that ocean-based climate solutions can be scaled to significantly mitigate climate risk"

CBC News

Oceans could be used for carbon capture on a big scale

Oil companies have been granted licences by the government that it hopes will enable them to store up to 10% of the UK’s carbon emissions in old oil and gasfields beneath the seabed

The Guardian

Oil companies granted licences to store carbon under the North Sea

A new U.S. Department of Energy (DOE) report finds promise in pairing nuclear reactors with carbon dioxide removal technologies, including direct air capture

Tech Xplore

Study assesses whether advanced reactors could make carbon capture systems more viable

Lucrative tax incentives have fueled a surge in solar panels but failed to boost wind power, data from a new project show

The New York Times

Biden’s climate law is reshaping private investment in the United States

Carbon | Carbon Capture & Storage

The draft New Measure aims to enhance the environmental integrity of China’s carbon market by introducing new requirements for project registration and credit issuance

Lexology

China plans to relaunch its carbon credits program

Until a few months ago, chasing carbon neutrality was a demonstrably Good Thing for businesses committed to reaching net zero emissions by 2050

The death of carbon neutrality?

Some researchers and green advocates have called the entire practice a form of greenwashing, or an effort to cover up continued pollution. Fortescue, a major mining company based in Australia, has gone so far as to declare that it will cease using carbon offsets, instead focusing on direct emissions cuts within their operations to meet their climate goals

TIME

Can we fix carbon offsets?

India will set carbon emission reduction targets for four fossil fuel dependent sectors, as the Asian country looks to align its industry with the country's greenhouse emissions reduction target, two government officials said

India to set emission reduction mandates for 4 sectors, to start carbon trading from 2025

Indonesian President launched the country's first carbon emission credit trading, with the aim of creating a market to fund cuts in greenhouse gas emissions and become a major participant in the global carbon trade

Indonesia's president launches carbon emissions credit trading

Indonesia launched its first carbon emissions trading market in a bid to curb the climate impact of its coal-dominated power sector

 Indonesia launches carbon trading under push to tame coal

Tokyo Stock Exchange has set the opening date for its highly-anticipated carbon credit market for October 11, 2023, TSE’s owner, Japan Exchange Group, said Friday. The market expects an initial roster of 188 participants on its opening day, and applications for registration will be accepted on a rolling basis

Carbon Herald

Tokyo stock exchange announces date for carbon credit market launch

Carbon offsets can be purchased by companies, governments or individuals seeking to meet a net-zero target or simply make a contribution to tackling climate change

Carbon Brief 

How are carbon offsets supposed to work?

The SGM covers around 215 of Australia’s largest greenhouse gas-emitting industrial facilities, including oil and gas producers, mining and heavy industry. These facilities are responsible for around 28% of Australia’s emissions

Australia’s carbon market is changing gears. Are you ready?

Climate change mitigation efforts to achieve net-zero emissions require not only decreasing current greenhouse gas emissions, but also the deployment of negative emissions technologies

Nature

Farmer perspectives on carbon markets incentivizing agricultural soil carbon sequestration

Your business doesn’t need to be captured by reforms to the Safeguard Mechanism (SGM) to need a carbon credits strategy.


The carbon credit market was hit by new allegations of false CO2 reduction claims as researchers found that about a quarter of global carbon offset projects are prone to greenwashing.
The new study by UC Berkley Carbon Trading Project, supported by Carbo Market Watch and published earlier this month, looked into rainforest carbon credits certified by Verra. The non-profit organisation operates standards in environmental and social markets, including the world’s leading carbon crediting standard. Also known as Reducing Emissions from De

Earth.Org

About one-quarter of carbon offsets projects globally deemed unsuitable for CO2 reduction, study finds

This homegrown carbon offset scheme is inviting you to plant the trees yourself. Homegrown sustainability projects should replace dodgy carbon accreditation schemes, a UK climate entrepreneur has urged

Euronews

This homegrown tree-planting scheme wants to tackle carbon offsetting’s greenwashing problem

Over the past year, the voluntary carbon market (VCM) faced a backlash over the credibility and quality of its methodologies and credits. This caused prices to drop and difficulties in finding demand for some types of credit.



Environmental Finance

Voluntary carbon market rankings 2023

Viridios AI CEO Marcelo Labre and Viridios Group CEO Eddie Listorti explain how they are applying technology to carbon credits, and the effects of greater scrutiny on the market



Technology and transparency in the voluntary carbon market

The Tokyo Stock Exchange (TSE) will start trading carbon credits on Oct. 11, it said on Friday, launching Japan's first exchange-based carbon market

Tokyo Stock Exchange to start carbon credit trading on Oct. 11

Applying internal pricing to business operations makes environmental, and financial, consequences tangible  

Companies find carbon costing aids strategic planning 

Rating the raters: Carbon Market Watch said agencies don't accurately reflect the benefits they’re supposed to be reviewing.



GreenBiz

The top carbon-credit rating agencies are often inconsistent and inaccurate, watchdog claims

Many businesses use carbon offsetting as a way to bring down their emissions totals and mitigate their environmental impact, but a slew of recent investigations into the practice have found that offsets are deeply flawed and not doing what they promise

Green Queen

Carbon offsets: a nice climate fairytale that hasn’t panned out

A new study indicates that forest projects in the state’s cap-and-trade system provide little additional benefit for the climate

Carbon offsets undercut California’s climate progress, researchers find

Carbon | Carbon Markets

A British scientist who helped negotiate the Paris Agreement on climate change has urged leaders attending Cop28 in Dubai later this year to keep the door open to carbon removal from the air, after the 2015 deal failed to slow emissions as much as hoped

The National News

Remove carbon to reverse global warming, says Paris Agreement architect

The Biden administration has championed carbon removal projects as better neighbors than the pollution-spewing industries of the past

E&E News

‘False promise’: DOE’s carbon removal plans rankle community advocates

Despite the changes we are seeing, global efforts to cut emissions fall well short of what's needed to keep heating to less than 2℃, let alone the more ambitious Paris Agreement target of 1.5℃. This creates an urgent need for the purposeful removal of atmospheric CO₂ as well as cuts in emissions.

Phys.org

Carbon removal: Why ambitious 'no nonsense' plans are vital to limit global heating to 2℃

Adaptation will be a key driver if UK businesses are to reduce their exposure to rising energy prices and reliance on the National Grid

Decarbonising small businesses: too much demand and not enough supply

The highly energy-intensive iron and steel industry contributed about 25% (ref. 1) of global industrial CO2 emissions in 2019 and is therefore critical for climate change mitigation. Despite discussions of decarbonization potentials at national and global levels, plant-specific mitigation potentials and technologically driven pathways remain unclear, which cumulatively determines the progress of net-zero transition of the global iron and steel sector

Global iron and steel plant CO2 emissions and carbon-neutrality pathways

C-Capture, a designer of chemical processes for carbon dioxide removal, expects to raise around £10 million in funding

Business Cloud

Leeds-based CO2 EnviroTech to capture £10m

In this empirical study, we aimed to assess whether the achievements are consistent with the Paris Agreement, and whether Paris-compliant decoupling is within reach

The Lancet 

Is green growth happening? An empirical analysis of achieved versus Paris-compliant CO2–GDP decoupling in high-income countries

The latest warning from climate experts points to the urgency of a fossil fuel phase-out . The climate is changing more quickly now than it has done for tens of millions of years. This was the blunt conclusion to the BBC’s recent Earth series. which sought to convey to viewers how cataclysmic the disruption caused by global heating could be. 

The Guardian view on planetary boundaries: the earth has limits and governments must act on them

Controversial technologies intended to offset the effects of atmospheric carbon should banned until properly assessed, a group of politicians and scientists have warned, even as they urged developed nations to lead in cutting CO2 emissions

Risky geoengineering should be banned, climate group says

Sky's Ian King writes that Bernard Looney's successor will be under pressure to build on his climate goals while keeping investors happy at the same time

Sky News

Looney was the last link to BP's storied past and finding a successor will not be easy

Leah Puro, agricultural research coordinator at Wolfe’s Neck Center for Agriculture & the Environment, scoops the soil into a tiny foil dish, then pops it into a battery-powered oven to remove its moisture before sending it to Yale University for elemental analysis, one of the most accurate methods for measuring the amount of carbon trapped in the soil

Genetic Literacy Project

Greenwashing or greening agriculture? Food companies developing efforts to prevent carbon in soil from leaking into the atmosphere

Modern buildings are one of the most carbon intensive products in human society

Climate Change News

How can we create the net zero buildings of tomorrow?

A Barnaby Joyce-backed push to strip net zero from the Nationals’ policy platform has effectively been defeated as the former leader’s shadow cabinet position is brought into question

Barnaby Joyce-backed push to strike net zero emissions target from Nationals policy fails

Microsoft has signed a long term contract to purchase up to 315,000 metric tons of CO2 removal over a multi-year period from Heirloom, in one of the largest carbon dioxide removal deals to-date.

Sustainability Magazine

Microsoft signs industry impacting Heirloom CO2 removal deal

Companies such as Microsoft, Shopify, H&M, and payments company Stripe are investing millions in carbon removal, the process of extracting carbon dioxide from the atmosphere to limit the impact of climate change

Investopedia

Why companies from Microsoft to Shopify are investing millions in carbon removal

Stripe, Shopify and H&M Group announced Thursday they are spending $7 million on carbon removal from a dozen carbon removal startups



CNBC

Stripe, Shopify, H&M spend $7 million on carbon removal from a dozen new companies

The United Nations’ new “progress report” on climate change confirms the world is careening deeper into the danger zone. The fires, droughts, floods, storms, and other extreme weather that have taken so many lives and livelihoods this year underscore the mountain of evidence about the dangers of a warming world. And yet somehow, we are still letting the planet burn.

U.N. climate warning also comes with clear steps to cut emissions

In a new study led by Young Zhou from the Quinney College of Natural Resources at Utah State University, researchers have explored the climate mitigation potential of tropical savannas. These are unique ecosystems where trees and grasses coexist. 

Tropical savannas have a hidden weapon against global warming 

Carbon | Carbon Removal

In a recent Wood Mackenzie Horizons report titled “Playing by New Rules: How CBAM Will Change the World,” the Carbon Border Adjustment Mechanism (CBAM) is highlighted as a significant policy that will accelerate global decarbonization efforts while leading to substantial price increases across various sectors

SolarQuarter

Wood Mackenzie: Europe’s carbon border adjustment mechanism – a game changer in global trade and decarbonization

Researchers have found how to convert cost free forest waste, like pine cones, into carbon materials useful for energy storage

Carbon from forest waste can be used for future energy storage, researcher says

Chief executives, boards, managers and workers can work night and day to reduce emissions at a factory and meticulously use energy only from renewable sources

Carbon

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