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Verra and Hedera Foundation Partner to Digitize Global Carbon Markets
Verra, a prominent standards setter for the voluntary carbon market, has announced a pioneering partnership with the Hedera Foundation to drive the digital transformation of carbon markets globally, as reported by Carbon Herald. This collaboration introduces a new era of efficiency, transparency, and speed in the carbon credit sector, facilitated...
African Development Bank plans on launching Carbon Credit Support Facility to Enhance Climate Finance
African Development Bank (AfDB) has announced the launch of Africa Carbon Support Facility as reported by Reuters. The announcement aims to boost carbon markets across the continent. The plan is to get more and more financial resources for Africa. It is said that Africa as a region is being hit...
UK and Eni to Approve CO₂ Pipeline Linking Liverpool and Manchester
The British government, in partnership with Italian energy firm Eni, will give approval for a 38-mile pipeline intended to carry carbon dioxide from industrial facilities in Liverpool and Manchester to offshore storage facilities, the Financial Times reported. The announcement is likely to be made during the current energy security summit...
HYCO1 and Malaysia LNG Sign Landmark Deal to Transform CO₂ into Clean Syngas at Scale
In a significant step toward industrial decarbonization, HYCO1, Inc. and Malaysia LNG Sdn. Bhd. (MLNG), a PETRONAS subsidiary, have entered into a Memorandum of Understanding (MOU) to establish one of the largest carbon utilization initiatives globally. The project, based in Bintulu, Sarawak, will utilize HYCO1’s proprietary CUBE™ Technology to transform...
