Browsing: Carbon and CCUS

Canada’s general government deficit reached 16.4 billion dollars in the first quarter of 2026, widening by 1.5 billion dollars from a year earlier, as marginal spending growth of 0.4 percent coincided with a 0.1 percent decline in revenue, according to Statistics Canada.

Carbon markets are becoming an increasingly important source of climate finance for emerging economies, yet many developing regions continue to face significant institutional, regulatory, and technical barriers to participation.

Google and Italian energy storage developer Energy Dome are advancing a 23 MW/200 MWh carbon dioxide battery project in County Offaly, Ireland, aimed at demonstrating how long duration energy storage (LDES) can support renewable heavy grids.

A coalition backed by some of the world’s largest technology companies has committed an additional $915 million to accelerate carbon removal development, highlighting the growing role of engineered and nature based solutions in corporate climate strategies.

Microsoft’s climate strategy is increasingly reflecting a broader shift among major technology companies: reducing operational emissions while investing in carbon removal solutions to address emissions that remain difficult to eliminate.

The European Union is preparing to significantly broaden the reach of its Carbon Border Adjustment Mechanism (CBAM), with member states backing changes that would extend the carbon pricing system beyond basic industrial materials and into a wider range of downstream products.

The European Union is preparing a major expansion of carbon pricing with the introduction of the second emissions trading system, ETS2, covering buildings, road transport, and additional sectors from 2028.

Denmark is placing carbon capture and storage (CCS) at the center of its industrial climate strategy with a subsidy package worth up to 16.5 billion Danish crowns, approximately $2.55 billion, for Aalborg Portland’s carbon capture project.

MODEC and Eld Energy have signed a memorandum of understanding to develop a 1.2 MW solid oxide fuel cell based power system integrated with carbon capture, targeting long-duration offshore deployment.

The Trump administration has announced more than $700 million in federal support for coal-related energy projects, including funding aimed at extending the life of existing plants, developing new coal generation, and supporting carbon capture initiatives.