King & Wood Mallesons’ Post

Is Voluntary Carbon Market Moving Toward Version 2.0? Read more about the major trends and below are the key findings >> https://lnkd.in/gcr3VGfc Calyx Global, a carbon credit ratings platform, published a new report shows promising signs of improved integrity in the voluntary carbon market (VCM). #vcm #carbonpricing #carbonscapture #carbonoffsets #carboncredits #carbonmarkets #carbonnews #carbonprices #climatechange #cleanenergy #decarbonization #emissionsreduction #energytransition #esg #greenhydrogen #netzero

Is Voluntary Carbon Market Moving Toward Version 2.0? Read more about the major trends and below are the key findings >> https://lnkd.in/gcr3VGfc Calyx Global, a carbon credit ratings platform, published a new report shows promising signs of improved integrity in the voluntary carbon market (VCM). #vcm #carbonpricing #carbonscapture #carbonoffsets #carboncredits #carbonmarkets #carbonnews #carbonprices #climatechange #cleanenergy #decarbonization #emissionsreduction #energytransition #esg #greenhydrogen #netzero

The UK’s Bold Vision for Carbon Capture Beyond 2030 In October 2024, the UK government took a major step towards realizing its long-term climate goals by strengthening its commitment to Carbon Capture and Storage (CCS) as a national asset. As part of its strategy to achieve net zero emissions by 2050, the government outlined its vision for the CCS sector, focusing on new funding and a comprehensive regulatory framework. The Roadmap for CCS Post-2030 CCS as a national priority: The UK government has highlighted CCS as a critical technology in its fight against climate change, considering it a high-value asset for achieving the 2050 Net Zero target. 2023 CCS plan: The plan sets out key strategies to develop and scale CCS technologies, ensuring they play a vital role in decarbonizing industries like cement, steel, and power generation. New funding announcements: In October 2024, the UK government allocated significant financial support for two CCS clusters, aiming to create a network of industrial hubs where CO₂ can be captured, transported, and stored. Key Strategies to Drive CCS Growth Funding for CCS clusters: The financial backing for these clusters will support innovation, infrastructure development, and large-scale deployment of CCS technologies across regions. Licensing for CO₂ transport and storage: The introduction of clear licensing regimes for CO₂ transport and storage facilities is a key move to ensure safe and efficient operations, reducing regulatory uncertainties for investors. Focus on scalability: By investing in both infrastructure and technology, the UK is positioning CCS as a scalable solution for carbon management, creating a blueprint for other nations to follow. Opportunities for Investors and Innovators Government-backed incentives reduce risks for businesses entering the CCS market. Large-scale deployment provides opportunities for growth and technological advancement. A clear regulatory framework ensures a stable environment for long-term investments. The UK’s commitment to CCS is laying the foundation for a sustainable, low-carbon future. With government support, the industry is ready for growth and innovation on a global scale. #CarbonCaptureNow #FinanceCOP #NetZeroGreenBharat #CarbonHydrogenX #UKCCS #EnergyTransition #CleanEnergyFuture #ClimateAction #GreenInvestments #DecarbonizationTools #CCSInnovation #ImpactClimateAction

🌍 Have you subscribed to Carbonfuture’s quarterly newsletter yet? 🌱 Our latest edition of The Carbonfuture Perspective is now available! It covers an exciting quarter full of new collaborations, insightful discussions, and a major milestone for Carbonfuture: the closing of our Series A funding round, led by SIX. 📖 Read the latest edition here: https://lnkd.in/eSrF9kH5 and subscribe now for regular market updates and insights: https://lnkd.in/eTcNed7F ✨ Highlights from this edition: 1️⃣ Driving Conversations and Action on Net Zero & CDR From CDR Copenhagen (https://lnkd.in/eaNACq8E) to Climate Week NYC (https://lnkd.in/e7hT2k4k), and our MRV webinar (https://lnkd.in/eRCF6PBq), Carbonfuture has been at the forefront of discussions on carbon dioxide removal (CDR). Our focus? Bringing together corporate leaders, policymakers, and industry experts to emphasize the importance of digital MRV, investment, and policy in scaling durable CDR. 2️⃣ Spotlight on Swiss Re and Exomad Green Swiss Re is setting a new benchmark with its goal to neutralize all in-scope operational emissions by 2030 through carbon removal, while Exomad Green has turned a biomass waste problem into a global carbon removal success story. Dive into their inspiring journeys and learn how Carbonfuture is helping them achieve their ambitious goals. Swiss Re case study: https://lnkd.in/enTjkB87 Exomad Green case study: https://lnkd.in/giTf8TE6 📰 What’s shaping the CDR industry? Get insights from Sebastian Manhart’s policy update, offering a quick overview of the latest and most significant global developments in CDR policy, and explore our curated Industry Digest, packed with must-read content on the voluntary carbon market and the role of independent, digital MRV. #carbonremoval #CDR #climateaction #sustainability #MRV #dMRV

After acquiring Economic Skips in September 2023, we re-baselined our carbon footprint aligned with GHG Protocol and Science Based Targets guidelines. We’ve now integrated Economic Skips' Scope 1 and 2 emissions into our baseline and carbon reporting. As a result of this, we have developed a clear re-baselining policy in line with best practices. Link below to read more ⬇️. #Sustainability #CarbonFootprint #GHGProtocol #ScienceBasedTargets #ClimateAction #SustainableBusiness

How can the UK develop a functioning carbon capture and storage (CCS) industry that helps us meet our climate commitments and doesn't need indefinite taxpayer funding? Researchers from Oxford Net Zero, Carbon Balance and the Carbon Capture and Storage Association have been looking at this question over the last 18 months. The result of their collaboration is a new report that shows the current approach to CCS in the UK is unlikely to drive sufficient investment in the carbon storage capacity we need, and may lead to continued dependence on public money. The authors find that adding a Carbon Takeback Obligation (CTBO) to the policy mix could help the CCS industry become self-sustaining. A CTBO would require fossil fuel producers and importers to permanently store a rising percentage of the CO2 emissions from the products they sell. Scroll down to read the executive summary and download the full report. Check out the press release here: https://lnkd.in/efCcWDW3 Ingrid Udd Sundvor Mirte B. Stuart Jenkins Myles Allen Department for Energy Security and Net Zero

Why Are Major Companies Abandoning ‘Cheap’ Carbon Offsets? A Bloomberg Green analysis of public offset transaction records shows a significant sales decline for the second consecutive year. This clearly indicated a trend towards fewer offset purchases. Learn why this reflects that such carbon offsets do not deliver the environmental benefits they promise >> https://lnkd.in/gSuf2GcE #carboncredits #carbonemissions #carbonoffsets #carbonprices #carbonpricing #carbonscapture #carbonmarkets #carbonnews #carbonpermits #carbonprices #carbonpricing #carbonremoval #ccs #ccus #cdr #climatechange #cleanenergy #decarbonization #emissionsreduction #energytransition #esg #greenhydrogen #ghgemissions #netzero 

On #EarthDay, let's showcase our dedication to reducing carbon emissions in our industry and helping clients lower their environmental footprint 🌍 In our journey toward #sustainability and #innovation, we've made significant strides in reducing the carbon footprint of our Rilsan® polyamide 11 bio-based products. ▸ To achieve this milestone, we are using renewable or low carbon energy sources and making several energy efficiency improvements in our production sites. ▸ This represents a strong step forward in our drive to ever-lower carbon footprint and lower climate change impact through a combination of sustainable raw materials, energy sources, and manufacturing processes. Our 2030 GHG emissions reduction targets are aligned with a 1.5°C trajectory of the #ParisAgreement, paving the way for the Net-Zero in 2050.

🚨 New Report Launch: ‘Markets & Mandates’ – Pathways for Scaling Carbon Storage to Reach Geological Net Zero 🚨 After 1.5 years of research, collaboration, and cross-sector engagement, we’re thrilled to share our flagship report exploring how the UK can achieve its ambitious carbon storage targets and legally binding net zero commitments. The project is a collaboration between the Carbon Balance Initiative, Oxford Net Zero, and the Carbon Capture and Storage Association. This resulting report - authored by Mirte B., Stuart Jenkins, Myles Allen and myself - assesses whether carbon storage mandates, specifically the Carbon Takeback Obligation (CTBO), could establish a self-sustaining market for permanent CO2 storage, reducing reliance on government support whilst ensuring fossil fuel producers and importers take responsibility for CO2 clean-up. Key findings include: ➡️ The UK Emissions Trading Scheme (ETS) alone is unlikely to scale carbon storage at the pace required to meet the UK's net zero targets. ➡️ A combined approach of market incentives and storage mandates could accelerate deployment and establish a self-sustaining market. ➡️ Robust policy design is crucial to address concerns around over-reliance on abated fossil fuels, carbon leakage, competitiveness, consumer costs, and energy security. Bringing together insights from 20+ expert stakeholders across government, academia, industry, and civil society, this report provides a clear framework for policymakers to drive long-term carbon storage solutions. We are grateful to the Department for Energy Security and Net Zero for their engagement throughout the process and their participation in our workshop. A special thanks to our Academic Steering Committee— Stéphanie Arcusa, Johannes Bednar, Patrick Dixon, Paul Ekins, Navraj Ghaleigh, Stuart Haszeldine, Margriet Kuijper, Niall Mac Dowell, Steve Pye, Mark Workman and Paul Zakkour. A huge thank you to the rest of our project team Rebecca Bell, Olivia Powis, Ruth Herbert MPhys FEI, Rachel Ardiff, and Millie Sutton. 📥 Download the full report: https://lnkd.in/diPgR6yq 📄 Executive Summary below for a quick read. I'm very excited to finally share our work on this and continue collaborating with the ecosystem to develop credible, robust policy pathways to achieve geological net zero! #netzero #CCS #GGR #CDR #CTBO #climatepolicy #netzeropolicy #decarbonisation #CO2storage #FossilFuelAccountability #carbonbalance #GeologicalNetZero

Decarbonizing the Industrial Sector The industrial sector is one of the largest contributors to global carbon emissions, accounting for nearly 30% of the world's total emissions. As we move towards a more sustainable future, the need to decarbonize this sector is important. At ETCC, we are committed to leading the charge in this transformative journey. Decarbonizing the industrial sector involves rethinking energy use, investing in renewable resources, and adopting innovative technologies that reduce carbon footprints. This shift not only helps mitigate climate change but also drives economic growth, creates jobs, and enhances global competitiveness. Our team at ETCC is dedicated to developing and implementing cutting-edge solutions that empower industries to achieve their sustainability goals. From energy-efficient processes to advanced carbon capture technologies, we are at the forefront of driving the transition towards a low-carbon economy. Join us as we work together to build a cleaner, greener, and more resilient industrial sector for future generations. #Decarbonization #Sustainability #IndustrialSector #ETCC #CleanEnergy #GreenInnovation