Month: February 2024

Chestnut Carbon to Deliver High-Quality Carbon Removal Credits through a Multi-year Offtake Agreement with Microsoft

Stuart Mitchell

Chestnut Carbon (“Chestnut”), a nature-based carbon removal developer founded by private investment firm Kimmeridge Energy Management Company, LLC  has announced that it has entered into a multi-year offtake agreement to provide Microsoft (NASDAQ: MSFT) with high-quality, nature-based carbon removal derived entirely from a novel afforestation project based in the United States. This is the largest afforestation project certified under the Gold Standard to date, and a testament to the scalability of high-quality nature-based solutions. Through a first-of-its-kind 15-year offtake agreement for nature-based credits, Chestnut will deliver 362,000 tons of projected…

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Co Derry jobs boost announced by biofuel firm working with NASA

Stuart Mitchell

A biofuel company working with NASA has announced plans to open a £9 million Co Derry plant on a landfill site creating at least 20 new jobs next year. Renovare Fuels say the first of its kind UK and EU operation in Craigmore will create up to two million litres of sustainable fuel to replace diesel and petrol aviation fuel without the need for engine modifications, from gases trapped in the waste. The jobs are expected to be created during construction of the facility as well as several long-term engineering positions…

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E.ON partners with UK renewable heat innovator Naked Energy

Stuart Mitchell

E.ON partners with the British company Naked Energy, as a part of a groupwide Innovation program. Naked Energy’s solar heat and hybrid technology supports customers with high energy demand and limited available space providing high energy density solar technology.  Christophe Williams, CEO and co-founder of Naked Energy, says: “It’s an honour to partner with E.ON and support their customers to become climate neutral. The need to decarbonise urban and industrial heating has never been more urgent, and the team at EIS share our vision for ambitious energy solutions that are…

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First-Of-A-Kind Pilot For Financing Carbon Removals Launches In Partnership Between CUR8, UNDO, British Airways And Standard Chartered

Stuart Mitchell

CUR8, a UK-based company dedicated to building the global market for carbon removals, in partnership with UNDO, a UK-founded, world-leading carbon dioxide removal project developer specialising in enhanced rock weathering, British Airways and Standard Chartered have launched a first-of-a-kind financing pilot to help scale up the carbon removals market. Financial solutions of this kind are a crucial step in enabling the carbon removals market to reach the multi-billion-tonne scale required, according to the IPCC, to limit global warming below 1.5 degrees. Carbon removal is the process of removing carbon dioxide…

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Independent Age launches £2.8m grants fund to boost advice services for older people in priority areas across the UK

Stuart Mitchell

National charity Independent Age has launched a £2.8 million grants fund to help advice-based organisations reach and support more older people. The funding will be allocated to organisations in a number of areas of higher deprivation where a significant number of older people live.    England •        Bradford •        Liverpool & Knowsley •        London – the boroughs of Newham, Tower Hamlets, Hackney •        West Midlands – specifically the areas of Sandwell, Walsall and Wolverhampton Scotland •        Fife •        Glasgow City •        South Lanarkshire •        North Lanarkshire Wales •        Cardiff and…

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