American BioCarbon starts selling biochar CO2 removal certificates
American BioCarbon (ABC), a Louisiana-based maker of renewable products from sugarcane bagasse, has started selling CO2 removal certificates (CORCs).
Carbon Removal
UN investor alliance bans carbon removals to meet interim targets
The UN-convened Net-Zero Asset Owner Alliance (NZAOA), whose members collectively hold $11 trillion in assets under management, has banned the use of carbon removals to meet interim CO2 targets.
Rothschild announces multi-year carbon removal partnership
French startup NetZero, which focuses on long-term carbon removal through biochar, has signed a multi-year carbon credit purchase agreement with multinational investment bank Rothschild & Co (EURONEXT:ROTH).
InPlanet closes €1.2m pre-seed round to turn CO2 into fertiliser
InPlanet has exited stealth mode with a €1.2 million pre-seed round to develop enhanced rock weathering (ERW) in the tropics.
Shell to invest $450m in carbon credits as market fears grow
Shell reiterates its commitment to the voluntary carbon market (VCM) with plans to spend $450 million on carbon offsetting. Concerns are growing though about the type of credits to be bought, as worry about baselines for afforestation credits raises greenwash concerns.
CO2 removal market needs rapid acceleration to hit 2050 net zero goals
Almost all current CDR comes from conventional removal methods on land (2 GtCO2 per year), primarily via planting trees and managing soils. Nearly all net zero pathways however require significant amounts of novel CO2 removals.