Energy giant Drax has agreed what is believed to be the largest carbon trading deal ever struck.
The North Yorkshire biomass pioneer has signed a memorandum of understanding with Respira, a London-headquartered multinational carbon finance business.
Details are to be announced at New York Climate Week later today. It would cover up to two million metric tonnes of carbon dioxide removals over a five year period, and would be linked to the deployment of bioenergy, carbon capture and storage in the US.
