If it makes the Earth greener,
you will find it here.

Denmark has awarded its first exclusive licenses for full-scale carbon storage exploration in the Danish North Sea to TotalEnergies and a consortium featuring INEOS and Wintershall. 

Carbon Herald

Denmark Grants First Carbon Storage Permits In The North Sea 

A new report from Carbon Market Watch reveals that there is truth to the scrutiny that intermediaries in the voluntary carbon markets have been subjected to. 

Lately, there has been an increasing amount of criticism directed towards the carbon market middlemen, with accusations of profiteering and lack of transparency, among others. 

New Report Shows Intermediaries Are Profiteering From Carbon Markets

When PG&E Corp.’s San Bruno Pipeline exploded in 2010, it triggered Nooshin Behroyan’s entrepreneurial spirit — to measure and limit methane releases, avoiding accidents and minimizing greenhouse gases. After working as a consultant for the San Francisco-based utility, the Iranian immigrant started her company Paxon Energy and Infrastructure in 2016.

Forbes

Young Mother Levers Methane Recapture To Lead Climate Change Challenge

Rating firms flagged problematic anti-deforestation projects before a flurry of media coverage alleging these projects fell short of goals

The Wall Street Journal

Carbon-Credit Raters Aim to Assess a Notoriously Opaque Market

The reduction of humid regions in a warming climate could cause “substantial carbon loss” across the tropics by the end of the century, a new study finds.

Carbon Brief 

Tropical forests face ‘substantial carbon loss’ as humid areas contract

The value of traded global markets for carbon dioxide (CO2) permits reached a record 850 billion euros ($909 billion) last year, according to analysts at Refinitiv.

Reuters

Global carbon markets value hit record $909 bln last year

Wind, water and solar energy is cheap, effective and green. We don’t need experimental or risky energy sources to save our planet

The Guardian

We don’t need ‘miracle’ technologies to fix the climate. We have the tools now

Carbon dioxide removal technologies are gaining prominence in academia, industry and policy, yet the need for substantial funding raises serious challenges. This comment outlines these issues and charts a path for the effective, systematic and fair mobilization of funds for removals.

Nature

Toward the effective and fair funding of CO2 removal technologies

The value of traded global markets for carbon dioxide (CO2) permits reached a record 850 billion euros ($909 billion) last year, analysts at Refinitiv said on Tuesday.

On Dec. 13 and Dec. 18, 2022, final trilogue discussions between the European Council, European Parliament, and European Commission concluded, and they reached a provisional agreement. While the agreement may undergo minor amendments before it is finalized, the key elements are now known and businesses are advised to plan before the CBAM enters force in October 2023.

Bloomberg Tax

The New EU Carbon Pricing Framework and Its Impact for Business

Spirit Energy announced plans to support the net-zero transition and convert its depleted South Morecambe, North Morecambe gas fields, and Barrow Terminals into a carbon storage cluster.

Spirit Energy To Convert Depleted Gas Fields Into A Carbon Storage Cluster

Carbon dioxide (CO2) sequestered from the atmosphere via direct air capture (DAC) has been permanently stored in concrete for the first time.

Concrete made from captured CO2 could cut need for costly underground storage

Here, we use a global computable general equilibrium model, C3IAM/GEEPA, to estimate CO2 emission and gross domestic product (GDP) impact of embargoing fossil fuels from Russia. 

Carbon emissions and economic impacts of an EU embargo on Russian fossil fuels

European Union lawmakers will vote next week on plans to auction carbon permits early to raise cash for countries to quit Russian gas, soothing concerns of a postponed vote that some analysts said helped to drive up carbon prices last week.

EU lawmakers to vote next week on early CO2 market auctions

The EU’s newly agreed carbon border levy may act as an ‘external incentive’ to motivate China’s carbon market to grow

China Dialogue

How will EU’s ‘green tariff’ impact China’s carbon market?

A new study commissioned by the UK government shows high levels of confidence in the future of CO2 storage on the UK continental shelf (UKCS). 



New UK Government Study Shows Strong Confidence In CO2 Storage

These rows of California native trees and shrubs are planted strategically alongside farmland. As the executive director of the county’s resource conservation district, Nichols has gotten familiar with their history. 

capradio

How a new law is bringing more attention to natural carbon sequestrationv

The world is making progress in reducing carbon emissions, largely due to Russia's invasion of Ukraine and the rise in funding from measures like the Inflation Reduction Act. But, to achieve net zero emissions, equal focus must also be given to carbon removal efforts. However, the question remains whether stigma and complacency will hinder progress.

Carbon Removal's Role In Achieving Net Zero

The US Inflation Reduction Act (IRA), which was signed into law in August 2022, will accelerate the development of hydrogen and carbon capture and storage (CCS) projects, which in many cases will go together.



ICIS

US IRA to accelerate hydrogen, CCS projects

A study now investigates the environmental and economic potential of afforestation enabled by desalination plants powered by renewable electricity.



Looking for massive carbon capture

Creating an "internet of the ocean" could be crucial for the success of carbon removal technologies.

Interesting Engineering

Ocean sensors could uncover impact of excessive CO2 hunt by humans

Denmark has awarded its first licences to capture and store carbon in the North Sea to Wintershall Dea, INEOS Energy and TotalEnergies (TTEF.PA), the country's climate and energy ministry said on Monday.

Denmark awards first CO2 storage licences in the North Sea

Australia’s oil and gas industry has urged the Federal Government to use the 2023-24 Budget to encourage investment in new gas supply and emissions reduction measures.

APPEA’s 2023-24 Federal Budget submission calls for a national carbon capture utilization and storage (CCUS) roadmap to provide clear policy direction, identify and progress priority hubs for low emissions projects, and promote Australia as a regional carbon storage leader.

RigZone

Australian Budget Must Focus On New Gas Supply, Industry Says

Leading The Charge On Climate: Carbon Removal's Role In Achieving Net Zero

The private sector is not seen to be ready to act as the main buyer and the draft is cited as nearly identical to a Morrison-era proposal.

Labor plan for nature repair market rehashes old proposal and risks failure, experts say

Carbon credits have a credibility problem. The value of carbon credits backed by avoided deforestation projects was called into question last month when the Guardian claimed that 94% of credits verified by leading standards body Verra do not represent real emissions reductions, and could be “phantom credits”.

The Business Times

Corporates must learn to navigate carbon markets’ quality issues

It could be adapted to existing furnaces to create “closed loop” carbon recycling.

Freethink

This new idea could reduce steel’s carbon emissions by 90%

The US has plans to open four even-larger ones.

World’s biggest direct air capture plant is trapping CO2 in Iceland

Vietnam’s industry insiders and policymakers feel the country must start monitoring and issuing carbon certificates to exporters and retailers in response to the European Union’s (EU) recently-passed carbon levy.

Fibre2Fashion

Vietnam urged to issue carbon certificates to exporters, retailers

As climate change impact becomes increasingly apparent, the adoption of decarbonization commitments is accelerating. Companies are acting rapidly and decisively to reduce greenhouse-gas emissions and neutralize residual emissions.

McKinsey & Company

CO2 removal solutions: A buyer’s perspective

A selloff on nature-based avoidance carbon credits continued Feb. 3 with Xpansiv CBL's spot standardized N-GEO contract remaining at a discount to CBL's GEO spot contract on Feb. 3 for a second day.

S&P Global

Nature-based credits continue sharp selloff in voluntary carbon markets

Infrastructure that once contributed to climate change can be used to reduce its effect

The Telegraph

Sir Jim Ratcliffe’s audacious plan to store carbon deep beneath the North Sea

A bill presented by New Mexico Rep. Meredith Dixon, D-Albuquerque, aimed at providing funds for a carbon capture and sequestration initiative has passed the House Energy, Environment and Natural Resources Committee on a 6-4 vote.



New Mexico Carbon Sequestration Bill Moving Forward

A new report outlines decisive action that the US can take to cut pollution and advance clean electricity in the power sector over the next two years. Under President Joe Biden, the US aims to cut all carbon pollution by 2035 from the power plants that run US homes and businesses

CleanTechnica

How Can The US Eliminate Carbon Pollution From The US Power Sector By 2035?

A California startup using rocks to soak up carbon dioxide from the air has teamed up with a Canadian company to mineralize the gas in concrete, a technological tie-up that is a first and they say could provide a model for fighting climate change globally.

Japan Times

Concrete traps carbon dioxide soaked from air in climate-friendly test

Texas community fights to save its coastline as the developers of Rio Grande LNG regain interest over claims of carbon capture

Carbon capture project is ‘Band-Aid’ to greenwash $10bn LNG plant, locals say

Launched in 2005, European Union Emissions Trading System ('EU ETS'), a long-standing greenhouse gas emissions trading scheme, is a cornerstone of the EU energy policy to battle global warming.

Economic Times

Carbon Border Tax – Why it may have adverse impact on India’s exports to the EU

A selloff on nature-based avoidance carbon credits continued Feb. 3 with Xpansiv CBL's spot standardized N-GEO contract remaining at a discount to CBL's GEO spot contract on Feb. 3 for a second day.



The Net Zero Asset Owner Alliance has banned its members from counting carbon removal schemes - like large scale planting of trees - towards their emission reduction targets.

Financial Times

Investor group bans carbon removal from CO2 reporting

2022 saw a real appreciation for the work of carbon project developers, in what we believe was a record-year for the number of financing rounds announced into carbon project developers.

illuminem Voices

Carbon developer ecosystem: a highly fragmented market in fast evolution

With carbon offsetting making a comeback, is it an effective tool in reducing aviation emissions? Or is it just a distraction from the real issue?

National Geographic

Does carbon offsetting really make a difference?

Macroalgae get a lot of attention for absorbing carbon. But a new study shows that select species are better at cleaning up nitrogen than carbon.


Anthropocene Magazine 

An overlooked opportunity for kelp farms to double as pollution cleanup sites 

 A California startup using rocks to soak up carbon dioxide from the air has teamed up with a Canadian company to mineralize the gas in concrete, a technological tie-up that is a first and they say could provide a model for fighting climate change globally.

Concrete traps CO2 soaked from air in climate-friendly test

Who issues carbon credits? A question that requires a not-so-straightforward answer… Still, it deserves an answer.

Carbon Credits.com

Who Issues Carbon Credits? (Everything You Need To Know)

While international efforts such as the Paris Agreement and the COP 27 set ambitious goals for nations around the world to fight climate change, many business executives are struggling with taking concrete actions to establish and meet targets for reducing greenhouse gas (GHG) emissions despite targeting 2030/2035 for carbon neutrality and 2050 for net zero.

Simplifying Scope 3 Emissions Management With Supply Chain Traceability

The Integrity Council for the Voluntary Carbon Market recently launched a timetable to introduce high-integrity carbon credit labels in the third quarter of 2023. The Council will also publish its final Core Carbon Principles (CCPs) in March, "establishing a global threshold for high-integrity carbon credits based on solid science and clear, measurable and verifiable data."

Confidence in carbon markets will grow as initiatives gather pace

Who Issues Carbon Credits?

Minister touts environmental record as Sask. Environmental Society concerned about weaker emissions rules

Environmental watchdog slams Sask. First Act, warns it could jeopardize UN pledges

Coca-Cola Europacific Partners (CCEP) has announced two additional partnerships with universities across Europe to research carbon capture technologies with a view to utilising them across the company’s supply chain.

Edie

Coca-Cola bottlers ramp up carbon capture research for supply chains

Environmental Sustainability | Carbon

A mild winter saved Europe this winter from the energy crisis but the coming hotter summer will wreak havoc.

Time

Climate Change Saved Europe From Putin This Winter

The European Union increasingly relies on regional cooperation to govern climate change outside its borders. But what explains the EU’s engagement in climate governance in the European neighbourhood?

Managing climate cooperation in the EU’s neighbourhood

The Maryland/DC chapter of The Nature Conservancy highlights work to more equitably combat climate change and protect the diversity of life from Appalachia to the Atlantic

The Nature Conservancy

Change is Here: 2022 Impact Report

Climate-related events have been confirmed to have a negative effect on mental health, according to new research published this week.

Euronews

Climate extremes: Could high heat and humidity take a toll on mental health?

Chilean authorities on Tuesday warned of a "very complex" situation as a new heat wave in the country's south-central region threatened to further fan the flames of dangerous forest fires that have already left 24 dead.

Chile heat wave could further fan the flames of deadly wildfires

Migration is often framed as a failure of climate adaptation. It’s better seen as an effective and sustainable response to climate change. 

The Diplomat

Why South Asia Should Embrace Climate Migration

Last year every region of the world was hit by severe climate events, and scientists have warned that weather patterns in the coming year will likely result in unprecedented heatwaves and a rise in global temperature. Cities – where more than half of the world’s population live – are disproportionately at risk. The need to adapt to increasing climate impacts is becoming ever more urgent, especially in cities most affected by the crisis.  

C40 Cities

It’s time to rapidly scale up finance for climate adaptation in cities

Climate change has kept Europe warm enough this winter to save it from Russian President Vladimir Putin’s energy crisis, but the respite may prove fleeting if—perhaps when—those same climate changes cause a crisis this summer. A warm and dry winter usually means a hot and dry summer, and Europe’s short-term relief could keep the continent from preparing for the next wave of energy crunches.

Thousands of CEOs say they expect 2023's high prices to rise even more over the course of the year. Their reason: climate change.

CNBC

Costs could rise even more in 2023—and thousands of CEOs blame climate change

The company is investing billions of dollars in zero- and low-carbon energy solutions, but selling oil and gas at record profits is a hard habit to break.

Bloomberg

Shell’s Grand Plan to Fight Climate Change (and Continue to Cause It)

Extreme weather events will undoubtedly continue, but your business does not need to suffer.

Entrepreneur

5 Ways to Protect Your Business from Climate Change Disaster

Last November, COP 27 came to a close with a tentative agreement, reached at the last moment, to set up a “loss and damage” climate fund for Africa and other developing countries. For Africans, this was cause for muted celebration, because, for generations, the continent has built its climate change agenda almost exclusively around the pursuit of climate justice, a desire to enforce liability on the industrialized nations responsible for the bulk of global carbon emissions. 

Common Edge

It’s Time for Africa to Chart Its Own Climate Change Agenda

Climate change and antimicrobial resistance are two of the greatest threats to global health, according to a new report from the United Nations Environment Programme.

Climate change is contributing to the rise of superbugs, new UN report says

“I spend billions of dollars on ... climate innovation,” Gates tells the BBC. “So, you know, should I stay at home and not come to Kenya and learn about farming and malaria?”

Bill Gates on why he’ll carry on using private jets and campaigning on climate change

"We cannot win against the climate crisis, [with] each country working on its own," Kristalina Georgieva, the Managing Director of the International Monetary Fund, told 60 Minutes.

CBS News

IMF using policy to combat climate change

Malaysia is falling behind in Southeast Asia's green energy push, and may miss its own climate targets unless it offers incentives for large-scale renewables projects.

Eco-Business

Malaysia lags on renewable energy, threatening climate goals

Chris Skidmore says inaction on climate change could send ‘a perfect storm’ heading for the Conservatives’ electoral coalition.

Politico

UK’s net-zero czar warns of climate leadership ‘vacuum’

Chilean firefighters were battling to hold back forest fires on Monday as authorities said hot and dry weather would continue this week, potentially exacerbating what are already the deadliest blazes in the country's recent history.

Chile battles deadliest wildfires on record as heatwave grips

A Harvard Business Review study suggests just 11% of suppliers are fully prepared for weather-related disruption. The study also found half (49%) of the surveyed US companies had experienced an increase in climate volatility, with this figure jumping in China and Taiwan to a massive 93%.

Supply Chain Digital

Climate change an ill wind for supply chain risk management

This weekly round-up brings you key climate crisis stories from the past seven days.

Top climate crisis and environment news: Scientists say 40% of animals in the US are at risk of extinction; China warns of more extreme weather in 2023; Under half of natural disasters in 2022 were insured.

World Economic Forum

This is how many animals in the US are at risk of extinction, and other climate crisis stories 

You may have heard that last year Congress passed the most significant climate change legislation ever, in both the partisan Inflation Reduction Act and the Bipartisan Infrastructure Law. You might also have heard that the actions incentivized by these acts will reduce carbon emissions from 2005 levels by 40% by 2030. What you probably don’t know is that without permit reform, greenhouse gas emissions will actually increase between now and 2030.

The Tennessean

Permit reform necessary to mitigate worst effects of climate change

Natural disasters worsened by a changing climate are displacing millions of people in the U.S..

Climate disasters displacing millions in the U.S.

Climate change has a global coordination problem. Despite governments and consumers demanding climate action and organizations casting declarations of their sustainable operations, we cannot ignore that the system has failed to coordinate effective policies and capital investment that address the most pressing threat to humanity. 

Forkast

How regenerative finance can ease climate change and boost the bottom line

Environmental Sustainability | Climate Change

Resolution follows reports on the severe environmental damage caused by armed conflict, including to Ukraine's environment and infrastructure following the Russian invasion.

Environment Analyst 

Council of Europe calls for EU ‘ecocide’ law

The lapwing’s English and scientific names both refer to its distinctive flight: how its wings flash as they pass overhead.

Birdwatch: listening to the lapwing’s ‘peewit’ ring out over Somerset Levels

Sewage, poor sanitation and a lack of regulation give rise to antimicrobial resistance and threaten global health, report says

Farming, pharmaceutical and health pollution fuelling rise in superbugs, UN warns

BMW, Renault and Peugeot PHEVs all exceeded carbon dioxide output claimed in standard lab tests, on-road tests show

Major plug-in hybrid cars pollute more than official measures suggest

When Exxon Mobil announced a record $56 billion annual profits last week, it noted that the company had established “one of the largest advanced recycling facilities in North America, capable of processing more than 80 million pounds of plastic waste per year.”

That seems like a lot of recycling muscle, except when you consider another figure. The company produced an estimated 6 million metric tons, or 13.2 billion pounds, of polymers used to make plastic in 2021 alone. 

The New York Times

Guess What? More Plastic Trash.

Industry figures show record production in 2021, and almost none of that plastic is getting recycledWhen Exxon Mobil announced a record $56 billion annual profits last week, it noted that the company had established “one of the largest advanced recycling facilities in North America, capable of processing more than 80 million pounds of plastic waste per year.”

Guess What? More Plastic Trash

As a critical component of the global economy, the ocean and its ecosystems provide important goods and services and support numerous activities essential for economic development, such as capture fisheries, maritime transport and ports, coastal tourism, coastal protection, and energy. These sectors collectively contribute to the ocean economy, estimated to be US$2.3 trillion per year in market goods.



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