Governments aim to unleash cross-border CO₂ trade
Growth of carbon removal and capture sectors creates need for functioning international market linking emitters and storage providers
Governments are stepping up efforts to enable cross-border trade in CO₂ amid growing recognition that international carbon capture, removal and storage projects will play a key role in attempts to reach net zero. Large-scale storage projects in particular will need to take CO₂ from multiple emitters across international boundaries to become viable. Climate, energy and environment ministers from the G7 pledged in mid-April to work together to promote the “development of export/import mechanisms for CO₂” as part of an evolving carbon management strategy based around CCS and carbon dioxide removal (CDR) technologies, including direct air capture (Daccs) and bioenergy with CCS (Beccs). “Au

Also in this section
27 September 2023
Investment in African offsets and ambitions to create a trading hub demonstrate Mideast Gulf state’s commitment to growing markets
26 September 2023
Newly launched Taiwan Carbon Solution Exchange is expected to enable companies to trade in both domestic and international credits
22 September 2023
A flurry of interest in direct air capture signals a key role for the technology in the push for net zero
21 September 2023
Technology company says its latest technologies can achieve 30–50% cost reductions at the capture stage