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With its first-ever target for CO2 geological storage, the European Commission's Net-Zero Industry Act has the potential to truly mitigate the effects of fossil fuels on the environment - but in order to be effective, the legislation needs to cover all oil and gas companies, write Kayla Cohen and Eli Mitchell-Larson.
Draft plan addresses inflated claims about products’ environmental credentials
The DAC industry facility looks to scale up at a pace rarely seen in the history of commercial markets, with construction starting in Iceland.
Carbon Gap, an independent research and advocacy not-for-profit, has called on UK and European governments to lead on supporting and scaling up techniques to remove carbon directly from the air (referred to as carbon removal), alongside immediate and dramatic emissions cuts.
The $100 Billion Market for Carbon Offsets Is Struggling to Be Born Jess Shankleman and Akshat Rathi, Bloomberg News The overall concept is simple but itâs not easy to turn a ton of removed carbon into a tradable commodity like a ton of corn or copper. Photographer: Sarah Pabst/Bloomberg , Bloomberg (Bloomberg) -- Global warming is the world's biggest market failure, so the solution might just be better trading. On one side of the trade would be the companies clogging the atmosphere with heat-trapping gases; on the other countless proje...