British Airways, Stripe and Shopify have purchased what backers say are the first independently verified credits from ocean carbon removal, a mechanism with huge sequestration potential. “It’s a crucial proof point that this is possible,” said Stacy Kauk, chief science officer at Isometric, the registry that issued the credits. The credits were generated by a project that added powdered alkaline minerals to cooling water discharged from a power plant into the Halifax, Canada, harbor. The minerals trigger chemical reactions that pull carbon dioxide from the atmosphere and lock it away in bicarbonate ions, which remain stable for tens of thousands…
Author: user
As the Baby Boomers age out of driving, that silver tsunami will force American cities to change their policies to support the Boomers’ new transportation needs. And it’s time to talk about it. Today, we’re posting an extended audio version of our earlier conversation with the fantastic author, attorney, and law professor Greg Shill about his contributions to the new book, “Law and the 100-Year Life”.In our chat, we dig into thorny questions about whether we need to reject what he calls “design essentialism” and accept the necessity of traffic enforcement; what it will take to get America’s seniors to move to places…
The Voluntary Carbon Market Company (VCM), a carbon credit company established by PIF and Saudi Tadawul Group, and Enowa, the energy and water subsidiary of NEOM, have announced a long-term agreement to facilitate the delivery of approximately 30 million tonnes of carbon credits within this decade. The scale and duration of the agreement marks a significant milestone in VCM’s ambition to create a thriving voluntary carbon market in the region. The deal will see high integrity carbon credits delivered to Enowa from climate action projects from around the world, with most projects based in the Global South and transacted on…
But France believes such a cap is too low. “From what we understand — from what Germany has signaled, but also from what Commissioner Hoekstra has signaled — there is some discussion around 3 percent,” said the official, like others in this article granted anonymity to speak candidly. “We think it could go beyond that.” A senior official from one EU government confirmed Hoekstra had mentioned the 3-point limit in discussions with countries. Officials from two other EU governments, who asked that their countries not be identified, said they had also heard the Commission was leaning toward a 3 percentage point cap,…
With the green growth model, the carbon credit market is the decisive economic tool to promote greenhouse gas reduction and climate response. Source link
Electric fleets in commercial and institutional transport can generate verifiable carbon credits, unlocking new revenue streams while supporting climate goals. Yet in markets like India, regulatory gaps and low awareness are stalling progress. Source link
A prolonged conflict between Israel and Iran may do more than rattle energy markets. One argument on Wall Street is that it could push the Federal Reserve to cut interest rates sooner than expected. “A sustained rise in oil prices could cause the Fed to strike a more dovish tone,” Oxford Economics chief US economist Ryan Sweet wrote in a recent note to clients, arguing that an extended oil shock could dent demand and potentially spill over into an otherwise resilient labor market. That’s because, historically, sudden spikes in oil prices tend to cause only a temporary rise in inflation…
Foreign buyers of US Treasurys have been shedding their holdings, raising the possibility of more future turbulence for US government bonds, Bank of America titled said. In a report on Monday titled “Foreign UST Demand Shows Cracks,” the bank said that foreign investors, often central banks, are purchasing fewer Treasurys. Megan Swiber, rates strategist at Bank of America, wrote on Monday that US dollar asset holdings have declined over $60 billion since the beginning of April. Foreign participation in the most recent US 20-year Treasury auction was the lowest since July 2020.”The foreign demand trajectory going forward is concerning, especially…
While ASEAN’s uptake of national carbon credit schemes is promising, member states must cooperate to confront challenges faced in other nationally driven schemes Source link
The EU’s Emissions Trading System is essential to meeting the European Union’s 2040 climate target. Watering the EU ETS down with international carbon Source link