Sep 8, 2022

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.

May 9, 2022

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.

May 23, 2022

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.

Dec 15, 2022

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.