Carbon Herald

A new report from Abatable reveals significant financial activity in the voluntary carbon market (VCM) during 2024. Funding reached $16.3 billion, a staggering 18 times greater than the total value of retired carbon credits. https://bit.ly/3EUdQ3Z

Third Derivative marks a major milestone with the graduation of 35 climate innovation startups—spanning 11 countries across four continents— from its Cohort 23-2 and the First Gigaton Captured (FGC) program. https://bit.ly/4b3qJom

Responsible carbon dioxide removal (CDR) deployment organization Carbon Gap has updated its digital tool called the Carbon Removal Policy Tracker, offering a database of over 600 past and present EU CO2 removal funding opportunities. https://bit.ly/416hxuU

Canada is investing more than $9.5 million (CA$14 million) in six projects developing carbon capture, storage and transportation technologies. Daniel Kelter, Carbon Removal Canada‘s director of government relations commented on the announcement by saying: “It’s incredibly meaningful to see the Government of Canada continuing to invest in permanent carbon removal technologies, as it makes both environmental and economic sense. When you invest in the Canadian carbon removal sector you are also investing in its entire supply chain – from engineers, to truck drivers, to farmers, and more." https://bit.ly/430nKv3

BKV Corporation has partnered with a major midstream energy provider to construct a carbon capture and storage (CCS) facility at an existing natural gas processing plant in southern Texas. https://bit.ly/41iUr5L

Mike Popham, CEO of STRYDE, commented: “This collaboration highlights how our unique seismic system is revolutionising the industry, enabling the rapid and safe acquisition of the seismic data needed to empower organisations to make more informed decisions, driving meaningful climate action. Our solution significantly lowers the barriers for onshore carbon storage initiatives, and we are proud to help S³ deliver seismic data needed for this important project.” https://bit.ly/41guiV4

ClonBio, which produces proteins, animal feed, biofuel, ethanol, alcohol, and renewable gas, confirmed the substantial funding for what will be one of Europe’s first large-scale carbon capture operations. https://bit.ly/3EOqx09

“From a starting share price of NOK 1.70 to now distributing a dividend of NOK 5.80 per share, this milestone demonstrates the company’s strong progress and value creation. We are pleased to return substantial cash to shareholders while maintaining our commitment to responsible ownership of SLB Capturi,” said Kristian Røkke, Chairman of ACC ASA. https://bit.ly/3X1p8tC