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.
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.
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.
Swiss Re, UBS among founding buyers in carbon removal scheme
Insurance firm Swiss Re and banking giant UBS are among five founding buyers of credits from a scheme set up by a Swiss company to drive down the cost of taking carbon dioxide out of the atmosphere.
Forest loss and escalating emissions fuel drive for technologies to remove CO2 from air
Travelling any road to limiting warming to 1.5 degrees Celsius will require us to suck carbon dioxide out of the atmosphere, according to the latest IPCC report. Various climate scenarios suggest some 6 billion tons a year may need to be sequestered by mid-century, because some industries will still emit CO2, and residual emissions will need to be mopped up.
Boston Consulting teams up with carbon capture technology company
Boston Consulting Group has teamed up with carbon capture technology company Climeworks to help to develop its business, which focuses on capturing carbon dioxide directly from the air.