The U.S. Department of Agriculture (USDA) is investing $537 million in 543 biofuel projects across 29 states, as USDA Secretary Brooke Rollins announced. This funding comes from the Higher Blends Infrastructure Incentive Program (HBIIP). The investment includes projects approved in the first 100 days of the Trump Administration. It also supports President Trump’s 20th Executive […]
The Northern Lights project is expanding its carbon capture and storage (CCS) capacity, with the big oil firms making their final investment worth around $714 million. This will help lower carbon emissions from industries in Europe. The project will now store at least 5 million tonnes of CO₂ per year, up from 1.5 million tonnes. […]
Carbon Direct and Microsoft have announced a collaboration to develop a new standard for marine carbon dioxide removal (mCDR). This standard aims to ensure that ocean-based carbon removal methods are high-quality, scientifically sound, and effective in reducing carbon dioxide from the atmosphere. With the urgency of climate change growing, setting these standards is key. They […]
Singapore is actively developing its carbon market to become a global hub for carbon trading. A key step in this direction was the country’s first-ever carbon credit auction, which attracted over S$1.3 billion (around $1 billion) in bids. A carbon credit is a certificate representing one tonne of carbon dioxide (CO2) removed from or prevented […]
Frontier has signed offtake agreements with Norway’s Hafslund Celsio for the first-ever carbon capture retrofit at their waste-to-energy facility. Such plants recover energy from waste treatment, usually in the form of heat or electricity. Hafslund Celsio is the country’s largest district heating provider and operator of the biggest waste incineration plant near Oslo. The press […]
Lithium prices have been unpredictable due to global tensions and mining difficulties. As reported by S&P Global, in 2023, lithium carbonate prices shot up past $80,000 per metric ton but later dropped as supply increased and demand slowed. By early 2024, prices stabilized out but remained weak. But as of March 21, Platts assessed lithium […]
Stellantis, one of Europe’s largest car manufacturers, has announced plans to continue purchasing carbon dioxide (CO₂) emission credits from Tesla in 2025. This decision comes after new EU rules: Starting in 2025, automakers can average their emissions over three years, until 2027. This policy change gives automakers more flexibility to meet emission targets. However, Stellantis […]
EFM, a forest investment and management firm, has signed a long-term deal with Meta. They will provide 676,000 carbon removal credits by 2035. This agreement will transform 68,000 acres of forest on Washington’s Olympic Peninsula to “climate-smart management”, removing over one million tonnes of carbon emissions in the next ten years. Bettina von Hagen, CEO […]
Corporate clean energy contracts have hit an impressive 100 gigawatts (GW) globally, a major milestone for renewable energy, as reported by the Clean Energy Buyers Association (CEBA). This shows that more businesses are opting for clean energy to cut their carbon footprint and move toward sustainable energy. As more companies invest in clean energy, the […]