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CO2 removal: KfW and PIK present financial concept for discussion

As countries are not in a position to finance the removal of CO2 from the atmosphere to the extent required in the future, PIK and KfW are proposing a new financial institution at COP29. CO2 removal is to be integrated into the existing emissions trading system.

By Alexandra Endres

Canada: How the government wants to decarbonize the oil and gas sector

The Canadian government plans to encourage the fossil fuel industry to decarbonize through emissions trading. Specifically, emissions in the sector are to be reduced by 35 percent by 2030 compared to 2019. While the oil and gas industry fears lower production, environmental organizations welcome the draft.

By Lukas Bayer