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Greenpeace, Friends of the Earth, and Global Witness have all raised concerns about the creeping reliance on unproven carbon removal methods in companies' decarbonisation strategies, but some scientists maintain carbon capture is essential if net zero goals are to be met.
Negative emissions technologies are critical for the earth’s climate and hitting net zero in the UK, argues Drax CEO Will Gardiner. But it's vital we don't lose sight of long-term climate and energy challenges and the vital sustainability targets that must solve them. Going net negative. Work remains to be done.
government has a new goal to make it much cheaper to suck carbon dioxide out of the air. Today, we know how to generate clean electricity from the sun, wind, water, and the latent heat beneath the Earth’s surface. The CarbonNegative Shot is the third program in the Earthshots series.
Funding Active Surfaces , a Go Build 2023 participant and ACCEL Year 1 alum that’s commercializing ultra-thin-film solar technology, raised a $5.6M CalWave Power Technologies , which is working to harness carbon-free power from ocean waves, was chosen by the U.S. Department of Energy.
The falling cost of wind and solar power significantly reduces the need for carbon capture and storage technology to tackle climate change, a new paper has argued. Cheap, abundant renewable energy reduces the value of CCS in all areas.”. by the end of the century. Renewables. The Right Kind of CCS’.
It had been about a year and a half since he left his job at an aerospace company to found a clean energy startup in San Francisco with three of his friends, but the path to success he’d once envisioned had crumbled. For a while things had been looking up for Charm Industrial. Courtesy of Charm Industrial.
Funding M2X Energy , which develops a modular, transportable gas-to-liquids system to economically produce low-carbon methanol, raised a $40M Series B to accelerate the manufacturing and deployment of its system. APRA-E SCALEUP award to scale the manufacturing of its aerogel materials for energy-efficient windows.
Now the CEO of Rubi Laboratories , Mashouf wants to clean up the industrial sector and create processes that harness the powerful systems of the natural world to create a sustainable manufacturing ecosystem. fashion industry , which accounts for ~10% of global CO2 emissions —more than aviation and shipping combined.
National Infrastructure Commission urges government to act quickly to drive development of first wave of BECCS and DACS plants, arguing carbon removals will be a cornerstone of the UK's future economy. Calls for the UK to start scaling up negative emissions technology are becoming shriller.
.” — a passage from “ Cabbage Koora ,” by Sanjana Sekhar The spotlight Nearly 4 in 5 people support doing “whatever it takes” to mitigate climate change, according to a survey published late last year by the firm Potential Energy. Another aspect of that future is limiting carbon-intensive forms of travel.
Meta-Headlines of 2023 As our beloved industry matures, our hope for when climate tech grows up is for it to “become boring.” Since the IRA passed, 265 clean energy and manufacturing projects worth $100B+ have been announced. Proterra, the dominant electric bus maker, was just one high profile example.
The Sixth Carbon Budget report published today encompasses around 1,000 pages which offer the most detailed roadmap ever developed on how to transform a modern economy so that it delivers net zero emissions within the space of just 30 years. Here, BusinessGreen rounds up all the reaction to the CCC's report from across the green economy.
In deals, major funding includes $116M for hydrogen-poweredaviation, $44M for sustainability software, and $75M in project finance investment for SAFs. In new funds, energy transition infrastructure is bringing in the big bucks with Brookfield's record-breaking $28B infra fund and Antin's $1.2B sustainable infra fund.
Aviationindustry hails first ever long-term climate goal for sector, but green groups remain sceptical over credibility of new target. The target builds on the same net zero commitment, which was made a year ago by global industry body the Air Transport Action Group (ATAG).
And as commentators have pointed out , the EU Council's agreement is scant on detail in a number of crucial areas, most notably how the proposed 30 per cent climate spending proportion will actually be monitored, and what type of projects it should be spent on. There were disappointments for the green economy in the EU Council deal, too.
ICVCM said the new Core Carbon Principles (CCPs) have been developed using input from hundreds of organisations throughout the voluntary carbon market and will set out fundamental principles for high-quality credits which deliver real, verifiable emissions reductions based on the latest science and best practices.
The LME is the world's oldest and largest industrial metals exchange - BusinessGreen investigates how it is preparing for the battery metal goldrush and responding to calls for a more sustainable metals industry. What role do metals exchanges have in driving a sustainable transition to a low-carbon economy?
In deals, $900m for pulsed magnetic inertial fusion, $100m for energy efficiency as a service, and $70m for AI precision weed control. What happened The porous and permeable limestone in Smackover has long been known for oil and bromine deposits, but only recently has industry begun to explore its lithium lode.
Because the price of keeping the status quo grows steeper every year, from the human and economic toll of climate-related disasters, fires, heatwaves, and other environmental stresses to the jobs left on the table by not accelerating towards a carbon-free, regenerative economy. Carbonnegative materials. Why do we love them?
A breakthrough in next-generation geothermal, industry approval for emissions-free cement, and the start of construction on a first commercial sustainable aviation fuel (SAF) plant illustrate progress and put the focus on execution moving forward. Meanwhile, extreme heat boils over into labor issues.
VERGE Energy Conference (VERGE 20) will take place on October 26-30, 2020. This online event can be attended from anywhere, The central theme at VERGE 20 will focus on how energy systems can be decarbonized, decentralized, digitized and democratized. VERGE 20 will be attended by more than 15,000 leaders, it will feature 300+ speakers.
This blog reveals why we are addicted, and provides a possible methadone that is needed to transform the transportation, buildings and industry sector. This is a review of an article from the Financial Times , which first appeared in February 2020 just before the fossil fuel industry had its worst year ever. Comment down below.
Overall, it was more positives than negatives. Even the negatives — the politicization of ESG investing and reporting, the economic downturn, the energy crisis created by the Russian invasion of Ukraine — are temporal phenomena, part of the regular ebbs and flows of economics and policy.
A handful of new announcements from Exxon, Shell, Google, and more show how emerging clean firm technologies are scaling up to power the sector. In deals, $600m in data centers, $44 in lithium-ion energy storage and $35m in drone monitoring. What happened? Its has already signed AI cloud operator Lambda as a tenant.
As millions sought to evacuate from Florida ahead of Hurricane Milton, reports surged from consumers and industry watchdogs that airfares on flights out of the state were spiking, with tickets that might typically cost a few hundred dollars suddenly going for much higher. and global climate policy for aviation.
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