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.
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.
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.
Climate tech firm to launch scaled-up plant sucking CO2 from air
Construction is due to begin on Wednesday on what could become the world’s biggest plant to capture carbon dioxide from the air and deposit it underground, the company behind the nascent green technology said.
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.
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.
