Latest news with #carbon
The Independent
6 days ago
- Science
- The Independent
Warmer summers ‘could boost growth rates in European peatlands'
Warmer summers could help boost growth rates in European peatlands, new research has found. The peatlands, which contain around half of Europe's soil carbon, need a combination of warm temperatures and a water table of around 10cm to thrive, researchers at Queen's University Belfast found. Peatlands form where there is a sustained build-up of partially decomposed plant matter, and they play a very important role in locking away greenhouse gases and absorbing industrial pollution. They contain approximately five times more carbon than its forests. However, European peatlands have been damaged by human activities including pollution, draining and climate change. Professor Graeme Swindles from the School of Natural and Built Environment at Queen's University has been leading a team examining peat accumulation rates, studying cores from 28 peat bogs across Europe. The study, which has now been published in research journal PLOS One, reveals that the fastest peat accumulation – nearly 0.5cm per year – occurred around the Baltic Sea, at sites in Denmark, Poland, Sweden, and Finland which experience warm and humid summers. The slowest peat accumulation was measured in northern Sweden, which experiences cold winters and a short growing season. Across all sites, peat was found to have accumulated fastest in regions with warm summer temperatures, which improves plant growth, and a water table around 10cm below the surface. Professor Swindles said the study suggests that warmer summer temperatures could boost growth rates in European peatlands – but only if the water table stays high enough. 'We also found that maintaining a water table around 10cm below the surface is key to allowing peat to grow quickly and store carbon over the long term,' he said. 'These findings strengthen current evidence and have important implications for how we restore and rewet peatlands as part of global efforts to tackle climate change.' Professor Swindles has also suggested that previous peatland restoration programs should be evaluated to determine if their relative successes or deficiencies corroborate these findings.
Yahoo
6 days ago
- Science
- Yahoo
Warmer summers ‘could boost growth rates in European peatlands'
Warmer summers could help boost growth rates in European peatlands, new research has found. The peatlands, which contain around half of Europe's soil carbon, need a combination of warm temperatures and a water table of around 10cm to thrive, researchers at Queen's University Belfast found. Peatlands form where there is a sustained build-up of partially decomposed plant matter, and they play a very important role in locking away greenhouse gases and absorbing industrial pollution. They contain approximately five times more carbon than its forests. However, European peatlands have been damaged by human activities including pollution, draining and climate change. Professor Graeme Swindles from the School of Natural and Built Environment at Queen's University has been leading a team examining peat accumulation rates, studying cores from 28 peat bogs across Europe. The study, which has now been published in research journal PLOS One, reveals that the fastest peat accumulation – nearly 0.5cm per year – occurred around the Baltic Sea, at sites in Denmark, Poland, Sweden, and Finland which experience warm and humid summers. The slowest peat accumulation was measured in northern Sweden, which experiences cold winters and a short growing season. Across all sites, peat was found to have accumulated fastest in regions with warm summer temperatures, which improves plant growth, and a water table around 10cm below the surface. Professor Swindles said the study suggests that warmer summer temperatures could boost growth rates in European peatlands – but only if the water table stays high enough. 'We also found that maintaining a water table around 10cm below the surface is key to allowing peat to grow quickly and store carbon over the long term,' he said. 'These findings strengthen current evidence and have important implications for how we restore and rewet peatlands as part of global efforts to tackle climate change.' Professor Swindles has also suggested that previous peatland restoration programs should be evaluated to determine if their relative successes or deficiencies corroborate these findings.
Associated Press
22-07-2025
- Business
- Associated Press
Ostrom Climate Announces Leadership Update
BURNABY, BC / ACCESS Newswire / July 21, 2025 / Ostrom Climate Solutions Inc. ('Ostrom' or the 'Company') (TSXV:COO)(Frankfurt:9EAA), a leading provider of carbon project development and climate solutions, announced today that Tejinder Virk stepped down as Chief Executive Officer and from the Company's Board of Directors for personal reasons. Navdeep Dhaliwal, Executive Chairman of Ostrom, will assume CEO responsibilities to ensure continuity and maintain focus on the Company's strategic priorities. Mr. Virk joined Ostrom's Board in November 2023 and was appointed CEO in September 2024. During his tenure, he led the Company through a period of strategic transition and restructuring to establish a focused strategy on high-quality carbon credit origination, institutional sales and trading, while streamlining operations and rightsizing the Company's cost structure. 'It has been an honour to lead Ostrom and work with such a passionate and committed global team,' said Mr. Virk. 'Together, we have innovated new products, adopted global best practices, built a more disciplined platform, and established an international pipeline of high-quality carbon projects. As a shareholder of Ostrom, I look forward to seeing the Company continue to improve and unlock long-term shareholder value.' 'The Board thanks Tejinder for his leadership and contributions to Ostrom during a pivotal phase,' said Mr. Dhaliwal. 'We remain committed to delivering value to our shareholders and advancing Ostrom's mission to deliver impactful climate solutions globally.' About Ostrom Climate Solutions Inc. Ostrom is one of North America's leading providers of carbon project development and management services, climate solutions, and carbon credit marketing. Over the past 12 years, Ostrom has validated and verified forest carbon projects globally for voluntary and regulated markets, having developed 16 million acres of forest land for conservation and monetized over 10 million carbon credits. Based out of British Columbia, Canada, the Ostrom team has a global reach, has worked with over 200 organizations globally, including Fortune 500 companies, managed projects in partnership with indigenous stakeholders and has extensive on-ground experience in emerging markets. Ostrom is focused on developing high-quality carbon projects that have a positive impact on the environment, local communities and biodiversity. Ostrom is publicly listed on the TSX Venture Exchange (COO) and the Frankfurt Stock Exchange (9EAA). Please visit us at To receive corporate updates via e-mail, please subscribe here. For more information regarding the Company, please contact: Ostrom Climate Solutions Inc. Suite 380 - 4111 Hastings Street, Burnaby BC, V5C 2J3, Canada Email: [email protected] Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this Release. Cautionary Statement Regarding Forward Looking Statements This news release contains certain statements that may be deemed 'forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. SOURCE: Ostrom Climate Solutions Inc. press release
Malay Mail
08-07-2025
- Business
- Malay Mail
Sabah introduces carbon rights law with indigenous safeguards
KOTA KINABALU, July 8 – The Sabah State Legislative Assembly today passed landmark laws to regulate carbon activities, including the recognition, registration, and ownership of carbon rights and carbon credits. In a Bill read by Assistant Minister to the Chief Minister Datuk Abidin Madingkir, the Sabah Climate Change and Carbon Governance Enactment 2025 aligns with evolving national and international climate policies. 'Carbon assets will be utilised through carbon projects supported by a robust carbon accounting mechanism to reinforce the state's development direction,' he said. 'Carbon asset utilisation will be strategically planned to support economic sector growth, including through emission balancing mechanisms,' he added. 'In the short term, this approach also considers the need to protect the competitiveness of key economic sectors, particularly in terms of job opportunities and the welfare of vulnerable communities,' he said. The Bill introduces a two-tier system: the existing Sabah Climate Action Council (SCAC) will act as the one-stop policy-making body, while the appointed director will oversee implementation and regulation of carbon activities and greenhouse gas emissions. The Bill mandates greenhouse gas reporting from listed sectors and entities, strengthening Sabah's ability to track environmental impact. 'The Bill also pays serious attention to the involvement of indigenous communities, especially for carbon activities carried out on land recognised as native customary land under the Land Ordinance,' said Abidin. 'Any proposed carbon activity on such land must involve consultation with the respective native communities or their appointed representatives,' he said. 'This approach gives indigenous communities an active role in the implementation of carbon activities and ensures that developments do not harm their rights, identity, or heritage,' he added. 'Their consent, participation, and benefit-sharing must be formally integrated into project proposals,' he said. The Bill also moots the Sabah Climate Registry and Inventory Centre, which will manage climate data, carbon rights, and the MRV (Measurement, Reporting, and Verification) system, as well as the Sabah Climate Fund to finance climate-related initiatives. 'Part Six of the Bill governs the regulation of carbon activities, including recognition, registration, and legal ownership of carbon rights, and bans any unregistered claims,' he said. 'Part Seven regulates carbon credits, ensuring only certified carbon rights holders may generate them, and introduces levies and annual royalties on carbon credits transacted or generated in Sabah,' he said. Part Nine provides for enforcement powers and general provisions. In 2024, Sabah completed its first Greenhouse Gas Inventory, showing it is a net carbon sink, absorbing more carbon than it emits and contributing around 36 per cent of Malaysia's total carbon absorption. 'At the same time, Sabah is also one of the most climate-vulnerable regions in Malaysia,' he said. 'We are seeing the effects through increasing and worsening floods, coastal erosion affecting settlements, and changes in livelihoods of rural communities,' he said. 'These twin realities demand a clear vision and immediate action,' he added. 'Our goal is to ensure that the benefits of Sabah's unique position are felt directly by the people while meaningfully contributing to the global climate effort,' he said. 'However, this transition requires capacity, investment, and strategic cooperation,' he said. He said that the state will continue to engage constructively with all stakeholders — state, national, and international — including the Federal Government, to build the necessary systems to ensure a fair, progressive, and sustainable climate path that leverages Sabah's unique natural strengths.
CNA
17-06-2025
- Business
- CNA
Shell CEO says local price index makes LNG Canada project attractive
KUALA LUMPUR :Buyers are attracted to Shell's LNG Canada project because it uses the Canadian Alberta Energy Company (AECO) price index as a benchmark, which is lower than the Henry Hub price in the U.S., the company's chief executive said on Tuesday. "What is particularly attractive about LNG Canada in today's world, retrospectively, is the AECO indexation," Shell CEO Wael Sawan said at the Energy Asia conference, adding that there will be more supply of AECO gas at lower prices. "And so that differential between AECO and Henry Hub, not to mention the proximity to Asia, all of that makes it a particularly attractive project, and it will be one of the lowest carbon projects anywhere in the world," he said. The AECO Storage Hub price on Monday was at 96.6 Canadian cents (71.4 U.S. cents) per million British thermal units, according to data from SNL Financial. That compares with a Henry Hub futures price of $3.746 per MMBtu. The LNG Canada project, the country's first LNG export facility, is expected to produce 14 million metric tons per annum (MTPA) for export. The plant is expected to produce first LNG this month.
