South Pole, Mitsubishi eye up to $800 mil of carbon removal credits by 2030 May 9 06:00 am JST May 9 | 06:21 am JST LONDON
Swiss company South Pole is developing a carbon removal purchase facility with Japan s Mitsubishi Corp which aims to procure $300 million to$800 million worth of carbon dioxide (CO2) removal credits by 2030, South Pole said.
More than 190 countries have signed up to the Paris climate agreement designed to limit global warming at 1.5 degrees Celsius, but even with pledges of huge reductions in emissions many scientists believe technology to remove CO2 from the atmosphere will also be needed to meet the goal.
The early stage technology is expensive and while many countries around the world have schemes in place to put a price on CO2 emissions, the prices are far too low to incentivise removal technology, carbon offset project developer South Pole and Mitsubishi said.
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LONDON: Swiss company South Pole is developing a carbon removal purchase facility with Japan s Mitsubishi Corp which aims to procure US$300 million to US$800 million worth of carbon dioxide (CO2) removal credits by 2030, South Pole said on Friday.
More than 190 countries have signed up to the Paris climate agreement designed to limit global warming at 1.5 degrees Celsius, but even with pledges of huge reductions in emissions many scientists believe technology to remove CO2 from the atmosphere will also be needed to meet the goal.
The building where Mitsubishi Electric Corp.’s main office is located in Tokyo’s Chiyoda Ward (Takuya Tanabe)
LONDON Swiss company South Pole is developing a carbon removal purchase facility with Japan’s Mitsubishi Corp. which aims to procure $300 million to $800 million worth of carbon dioxide (CO2) removal credits by 2030, South Pole said on Friday.
More than 190 countries have signed up to the Paris climate agreement designed to limit global warming at 1.5 degrees Celsius, but even with pledges of huge reductions in emissions many scientists believe technology to remove CO2 from the atmosphere will also be needed to meet the goal.
SEA Digest: Gojek launches GoTaxi in SG, Mitsubishi-Trendlines to back agri startups
Ilustrasi Gojek/ GO-JEK. REUTERS/Beawiharta
May 4, 2021
Indonesian ride-hailing decacorn Gojek has launched its GoTaxi service in Singapore, while Mitsubishi has partnered with Singapore-listed The Trendlines Group to back agri-food startups.
Gojek launches taxi-booking service GoTaxi in Singapore
Indonesian tech giant Gojek has launched GoTaxi, a taxi-booking feature on its app, in Singapore, the company said in a statement on Tuesday.
Customers will be able to select the ‘GoTaxi’ option when booking a ride within the Gojek app from next week. Rides booked through GoTaxi will be charged a metered (rather than fixed) fare, and riders will see an estimate of their fare at the time of booking, Gojek said in a statement on Tuesday.