Tag: Decarbonisation

CO2 Markets & Reforestation

Progress on Climate Conference

Progress on Climate Conference [?]

Dubai COP 28 eyesonsuriname Amsterdam, December 8th 2023 –Far more than six months before COP28, the annual global climate meeting, which is in progress in Dubai, the country was already awash in environmental hype.  On the highway, banners for an event hosted by the Abu Dhabi National Oil Company, the fossil fuel behemoth known as…
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Indonesia Launches Construction Of Pioneering Carbon Storage Project

Indonesia Launches Construction Of Pioneering Carbon Storage Project

Indonesia marked a significant milestone on Friday as President Joko Widodo launched the construction of the country’s first carbon capture, utilization, and storage (CCUS) project in West Papua province. This pioneering project, operated by global energy major BP (LON: BP), has the potential to sequester up to 1.8 gigatons of carbon dioxide (CO2), according to a statement…
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EU Parliament Approves The Carbon Removal Certification Framework And Net Zero Industry Act

EU Parliament Approves The Carbon Removal Certification Framework And Net Zero Industry Act

The European Parliament voted on November 21st in a plenary session on long-awaited and debated climate policies. The Parliament has approved the Carbon Removal Certification Framework (CRCF) and the Net Zero Industry Act (NZIA), demonstrating its support for scaling up carbon dioxide removal (CDR) capacity in the EU – part of the bloc’s strategy in…
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Carbon Removals

Urgent concerns regarding the proposed Certification Framework for Carbon Removals (CFCR) text

With this letter, we express our serious concerns regarding the Certification Framework for Carbon Removals text under consideration for adoption at the Coreper meeting on 17.11.2023. We believe the current text has significant issues that need addressing before adoption can be considered. As it now stands, it undermines the effectiveness of the EU’s existing climate…
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The massive machines removing carbon from Earth’s atmosphere

The massive machines removing carbon from Earth’s atmosphere

Jan Wurzbacher To restrain global warming, we know we need to drastically reduce pollution. The very next step after that: using both natural and technological solutions to trap as much excess carbon dioxide from the air as possible. Enter Orca, the world’s first large-scale direct air capture and storage plant, built in Iceland by the…
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Marine Carbon Dioxide Removal

Funding for Energy related projects

Amsterdam, Nov 2nd 2023– The U.S. Department of Energy (DOE) announced that they will be awarding $36 million to 11 projects, spread over 8 states.  This has been done in order to drive forwards the Biden-Harris Administration’s efforts and to accelerate the development of marine carbon dioxide removal (mCDR). The funding for these projects comes…
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A Startup Battles Big Oil for the $1 Trillion Future of Carbon Cleanup

A Startup Battles Big Oil for the $1 Trillion Future of Carbon Cleanup

by Brian Kahn – Bloomberg Christoph Gebald’s company, Climeworks, is a pioneer in carbon-capture technology. Can it grow quickly enough to make an impact in the climate fight? Most everyone who’s committed their career to solving the climate crisis comes to the field because they have something they want to save. It’s the mountains for…
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An Oil Giant Quietly Ditched the World’s Biggest Carbon Capture Plant

An Oil Giant Quietly Ditched the World’s Biggest Carbon Capture Plant

Occidental Petroleum is leading the global charge to vastly expand the use of technologies that suck up carbon dioxide. The failure of company’s biggest-ever bet shows the challenges ahead.  By Natasha White, Akshat Rathi, and Kevin Crowley The world wants to master the process of corralling carbon, and Occidental Petroleum Corp. is building a futuristic machine on the dusty plains of…
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So why have carbon markets failed to achieve their goal of reducing global emissions?

How do carbon markets work?

In theory putting a price on carbon emissions should incentivise businesses to stop polluting. So why have carbon markets failed to achieve their goal of reducing global emissions?

Tokyo Stock Exchange begins trade in carbon credits

Yuka Obayashi A man works at the Tokyo Stock Exchange after market open in Tokyo, Japan, Oct. 2, 2020. REUTERS/Kim Kyung-Hoon/ TOKYO, Oct 11 (Reuters) – Japan’s Tokyo Stock Exchange (TSE) started trading carbon credits on Wednesday, as the world’s fifth-largest carbon dioxide (CO2) emitter put in place a key element of its strategy to…
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