U.S. Energy Department to spend $3.7 billion on carbon removal
The U.S. Department of Energy on Tuesday agreed to commit $3.7 billion to finance projects to remove planet-warming carbon from the atmosphere and meet the nation’s goal of net-zero greenhouse gas emissions by 2050.
South Pole, Mitsubishiâs NextGen buy major tranche of CO2 removal credits
NextGen, a joint venture owned by Swiss carbon project developer South Pole and Mitsubishi Corporation, will buy almost 200,000 tonnes of carbon removal credits from three projects to help drive down the cost of the technology, it said on Wednesday.
EXCLUSIVE New law helps U.S. firm launch Wyoming direct air carbon capture project
A Los Angeles-based company kicked off on Thursday what it said will be the first large-scale direct air capture (DAC) project to capture and store 5 million tons of carbon dioxide per year by 2030, benefiting from new U.S. government incentives.
EU takes ‘first step’ to certify removing CO2 from atmosphere
The European Union set out plans on Wednesday to certify removals of carbon dioxide from the atmosphere, while leaving key details to be worked out later – including how these removals will be counted towards EU climate change targets.
Concrete traps CO2 soaked from air in climate-friendly test
A California startup using rocks to soak up carbon dioxide from the air has teamed up with a Canadian company to mineralize the gas in concrete, a technological tie-up that is a first and they say could provide a model for fighting climate change globally.
Carbon-removal companies launch group to lobby U.S. government on policies
More than 20 companies in the burgeoning carbon removal industry on Thursday launched a coalition that will lobby the U.S. government for new policies to help commercialize the nascent technology, which has received a flood of private investment in recent years.
