Eni and the UK Government have reached financial close on the Liverpool Bay Carbon Capture and Storage (CCS) project, unlocking £2 billion in local supply chain contracts and 2,000 construction jobs. This project is pivotal to the HyNet Cluster, one of the world’s most advanced CCS systems, and is central to the UK’s strat...
USDA Shifts Climate Program Focus to Farmers with AMP Rollout
The U.S. Department of Agriculture (USDA) has announced the termination of the Partnerships for Climate-Smart Commodities (PCSC) initiative, replacing it with a new program—Advancing Markets for Producers (AMP)—designed to deliver more direct support to American farmers. The decision follows concerns over the inefficiency and...
EU Streamlines Deforestation Regulation, Slashes Compliance Costs for Businesses
The European Commission has unveiled key revisions to the EU Deforestation Regulation (EUDR), aimed at reducing red tape and cutting compliance costs by up to 30%, while still upholding the regulation’s environmental integrity. The move is part of a broader effort under the EU’s Competitiveness Compass strategy to...
Microsoft Backs India’s Largest Nature-Based Carbon Removal Project
Microsoft has signed its largest carbon removal agreement in the Asia-Pacific region, securing 1.5 million tonnes of carbon removal credits from the Panna afforestation project in Madhya Pradesh, India. The initiative, covering 20,000 hectares, is expected to sequester three million tonnes of CO₂ over three decades while support...