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There are precious few sectors in which the UK has an advantage nowadays. Carbon capture and storage — unpopular though it may be — is one of them. The country should avoid blunting this competitive edge.


Financial Times

Why the UK should inject some fizz into carbon capture

While the Saudis pushed carbon capture and storage technology, Europeans fought for wind and solar to be talked up in the report.

Climate Home News

Governments battle over carbon removal and renewables in IPCC report

JP Casey investigates whether carbon capture technologies prove to be a lifeline for the oil and gas industry as it comes under fire for its environmental impacts.

Offshore Technology

“Always more to be done”: could carbon capture change oil and gas?

Last week, the European Commission issued a proposal for a Net-Zero Industry Act (NZIA), which provides a promising framework for an options-based strategy to achieve industrial decarbonisation in Europe. As European policymakers on the EU and Member State level begin to digest and deliberate over the proposal, we’ve taken a deep dive into the proposal with a particular focus on what it contains for carbon capture and storage. 

Clean Air Task Force

Europe’s Net-Zero Industry Act: What does it mean for carbon capture and storage?

America’s energy economy is at a reckoning point and we must not allow the vast domestic resources, nor the investments in new clean energy technologies, to be squandered. 

Real Clear Energy

Carbon Capture Permit Backlog Threatens Climate Progress

“You’ll have to forgive us for this, but we’re ex-oilfield people largely by background,” said Thor Kallestad, CEO and co-founder of the climate tech startup. As Kallestad and his friends became parents they were eager to change gears. That led to the launch of Myno in 2020.

GeekWire

Former oilfield engineers launch climate startup that uses ancient carbon-trapping technology

Evolving technology is enhancing soil’s ability to store carbon and mitigate the environmental effects of industrialised farming


Microbes on the farm: a solution for climate change?

International Petroleum Corp (IPCO.TO), the first foreign oil company to sanction a project in Canada's oil sands in more than a decade, could add carbon capture and storage (CCS) to the plant if more government financial incentives become available, its CEO told Reuters.

Reuters

IPC CEO urges Canada to offer more funding to build carbon capture

The spring budget delivered a big boon for a vital climate technology, but left a lot to be desired.



Bloomberg

Capturing Carbon Isn't Enough. We Need to Remove It.

Students at the Eindhoven University of Technology designed the prototype zero emission car

World Economic Forum

Students in the Netherlands built an electric car that captures carbon

Technology that captures carbon dioxide from our atmosphere has existed for decades and is now being considered as a key method for fighting climate change.

Evening Standard

How does carbon capture and storage work, and is it effective?

Like every other industry out there, farming is adopting new ways of working to help meet sustainability goals.

Forbes

How Microorganisms Are Helping Farmers Capture Carbon

As part of the UK's 2023 Spring Budget, £20 billion (nearly $24.2 billion) funding has been unveiled to scale up carbon capture and storage (CCS) projects. 

Offshore Energy

What is being said about UK’s £20 bln funding for carbon capture and storage projects?

Carbon capture and storage technologies have often been criticised as an excuse to avoid cutting CO2 emissions at the source. However, they are necessary to meet climate targets and Denmark aspires to be a European leader in this regard,

Euractiv

Carbon removals are an important tool to reach our climate goals

The UK government has earmarked new funding to support carbon capture and storage (CCS) projects as part of the country's Spring Budget announced on Wednesday.

Upstream Online

UK earmarks £20 billion for carbon capture and storage funding

Making hydrogen from natural gas and storing carbon emissions in oil and gas reservoirs could be best bet for safe, economical low-carbon hydrogen, study says

IEEE Spectrum

Carbon Storage and Hydrogen: Match Made in Heaven?

Scientists are attempting to use quantum computing technology to solve a practical environmental problem: reducing the amount of carbon dioxide in the atmosphere. They are using a quantum computer algorithm to find useful amine compounds for improved atmospheric carbon capture.

SciTechDaily

More Efficient Carbon Capture: Cleaning Up the Atmosphere With Quantum Computing

Indonesia’s Ministry of Energy and Mineral Resources (ESDM) has issued a regulation on the implementation of carbon capture and storage (CCS) as well as carbon capture, utilisation and storage (CCUS). This is part of the government’s effort to lower carbon emissions and boost oil and gas output.

Vietnam+

Indonesia issues regulation on carbon capture, storage

Optimism is growing that Scotland's first carbon capture and storage facility is finally about to be given the go-ahead.

Optimism grows for Acorn Project carbon capture scheme

An energy security strategy will be launched “shortly”, Rishi Sunak has promised, with a focus on ramping up carbon capture and small modular reactors to develop homegrown energy and meet net zero commitments.

The Guardian

Sunak to focus on carbon capture and mini-nuclear reactors in energy policy

Carbon capture might not work for all buildings. But some are giving it a try.



The New York Times

A Huge City Polluter? Buildings. Here’s a Surprising Fix.

 Oil and gas companies operating in Indonesia are being encouraged to install carbon capture facilities in their working areas, the Energy Ministry said on Friday.

Indonesia invites oil and gas operators to set up carbon capture facilities

Scientists agree that we’re going to need to build machines to suck carbon from the sky to stave off the worst impacts of climate change—but there are a lot of challenges for this new industry in the coming decades, including figuring out how to make the technology more effective.

Gizmodo

How to Make Carbon Capture Way More Efficient

After a tumultuous and extremely profitable 2022, the oil and gas industry returned to Houston this week ready to get on with business.

But for many of the 7,000 people gathered at the CERAWeek conference, there was one crucial question: What is that business?

Politico

Oil industry sees a vibe shift on climate tech

There is a pressing need to rapidly, and massively, scale up negative carbon strategies such as carbon capture and storage (CCS).

PNAS

Meeting the challenges of large-scale carbon storage and hydrogen production

Japan Suiso energy boss says hydrogen project incorporating carbon capture and storage ‘truly a watershed moment’ in decarbonising

Japan to spend $2.35bn on turning Victorian Latrobe Valley coal into ‘clean hydrogen’

Vital carbon storage capacity below the North Sea, critical to the pioneering move to clean up South Humber Bank industry in the journey to Net Zero, has been verified.

Harbour Energy has announced that its understanding of there being 300 million tonnes of accessible resource for the Viking CCS project has been independently assessed.

Business Live

Harbour Energy buoyed by carbon storage verification for grand Humber capture plan

As part of its economic recovery plan, the Obama administration in 2009 tried to invigorate a nascent form of technology known as "carbon capture and storage," or CCS.

The Energy Department invested $1.1 billion in 11 projects — eight coal facilities and three industrial sites — to show how the technology could trap and hold carbon dioxide emissions from existing plants. Seven of the eight projects were never built.

Roll Call

Carbon capture, a federal spending target, has much to prove

The Acorn project at the St Fergus gas terminal near Peterhead was snubbed by the UK Government in 2021, in favour of sites in England.

It was instead given “reserve” status but there have been delays to announcing the next “track two” funding phase.

Press and Journal

Budget boost call to support north-east jobs in carbon capture project

1PointFive announced yesterday that it has finalized an agreement for the lease of over 55,000 acres by the Gulf Coast of Texas. The location will be used for developing a carbon capture and sequestration hub that ranks as one of the largest in the world, with a potential capacity of 1.2 billion metric tons of carbon dioxide.

Carbon Herald

1PointFive Starts Work On 55,000 Acre Carbon Capture And Sequestration Hub In Southeast Texas

Carbon capture, utilization, and storage (CCUS) is making big strides. With multiple projects under development, capacity for the nascent climate mitigation technology is on track to reach about 300 million tons per year (Mtpa) of CO2 abatement by 2035.

Boston Consulting Group

Scaling Carbon Capture Won’t Break the Bank

Carbon capture plants are the emerging way to trap excess carbon dioxide in the atmosphere in a bid combat global warming. The latest country to embark on this development is the Rishi Sunak-led United Kingdom government. 

Mint

Carbon capture plants - saviour or failure amid a raging climate crisis?

Farms and fields are becoming key players in the fight against climate change. As the world seeks to reduce carbon emissions, farmers in the United States are being paid to capture carbon in their fields.

Farms.com

Carbon Capture in Agriculture: A New Frontier in Farming

Technology group ABB and Pace CCS, a UK provider of engineering design to the CCS and blue hydrogen industries, have signed a partnership agreement to deliver a solution that reduces the cost of integrating carbon capture and storage (CCS) into new and existing industrial operations.

New partnership targets cutting costs of carbon capture and storage infrastructure

An inventory of nearly 10 billion individual trees has been compiled for the African drylands, estimating biomass and carbon stocks. 

Nature

Carbon stocks of billions of individual African dryland trees estimated

To achieve its goals in the Climate Act, the Dutch government will need to reduce its CO2 emissions drastically. Carbon Capture and Storage projects, such as the ‘Porthos’ project of the Port Of Rotterdam, are crucial to tackle emissions from industrial clusters and decarbonise this sector.

Bellona

Porthos and Beyond: The Critical Importance of Carbon Capture and Storage Projects for Dutch Climate Goals

I haven’t always believed carbon capture, utilization, and storage (CCUS) technology would play a big role in the energy transition. While I knew the technology was sound and has been used at commercial-scale for more than 20 years, I thought the capital costs, operations and maintenance expense, and heat rate and capacity-derating penalties would preclude extensive use of CCUS technology.

POWER Magazine

Deployment of Carbon Capture Technology Likely to Explode in Coming Years

Neptune Energy has partnered with Sval Energi and Storegga on an application for a CO2 storage license in the Norwegian North Sea. Securing the license would enable the companies to proceed with the Trudvang project which has the potential to store up to nine million tonnes of CO2  per year, equivalent to about 20% of Norway’s total annual emissions.

World Oil

Neptune Energy, partners apply for carbon capture and storage license in Norwegian North Sea

Enel Green Power (Enel) has signed an agreement to transfer the CO2 output from the Valle Secolo geothermal power plant in Tuscany, Italy to Lampo Greengas, a company in the field of carbon dioxide distribution and sales. This integration of two industries is expected to generate jobs and create new prospects in the capture, distribution, and sales of carbon dioxide.

Think GeoEnergy

Enel signs geothermal CO2 offtake agreement for Tuscany plant

Oil/gas production, refinery and chemical engineers will find the ST100A Series Thermal Flow Meters from Fluid Components International (FCI) can virtually pay for themselves in CO2 capture, storage, and utilization applications that now qualify for carbon tax credits while at the same time reducing their owners corporate greenhouse gas footprint to improve air quality and also helping to protect the environment.

Process and Control Today

CO2 Flow Meter Supports Carbon Capture Tax Credits and Emissions Reduction

As Europe strives to reach its ambitious goal of climate neutrality by 2050, there is growing recognition that carbon capture and storage will be crucial to cutting emissions at the necessary speed and scale.

Mapping the cost of carbon capture and storage in Europe

Fervo Energy announced earlier this week that it will be working on an innovative design that combined geot today announced that it will design and engineer a fully integrated geothermal and direct air capture (DAC) facility.

Fervo Energy Will Combine Geothermal and Direct Air Capture Technologies

In its latest ambitious roadmap to tackle climate change, California relies on capturing carbon out of the air and storing it deep underground on a scale that’s not yet been seen in the United States. The plan — advanced by Democratic Gov. Gavin Newsom’s administration — comes just as the Biden administration has boosted incentives for carbon capture projects in an effort to spur more development nationwide.

El Pais

Pipeline debate at center of California carbon capture plans

Scientists at Sandia National Laboratories study clay for snatching carbon dioxide directly from air.

Unleashing the Power of Clay: Is It Key to Capturing Carbon Dioxide From the Air?

Any hope of reaching net-zero global emissions rests on decarbonizing hard-to-abate sectors such as power, industry, heating, and transportation. And two emerging solutions—low-carbon hydrogen1 and carbon capture, utilization, and storage (CCUS)—will need to play a pivotal role.

Breaking the Finance Barrier for Hydrogen and Carbon Capture

A start-up created the plants to help combat the climate crisis, but they have so far only been tested in a lab setting

Smithsonian Magazine

Genetically Modified Trees Are Taking Root to Capture Carbon

The Swiss direct air capture (DAC) company reached a milestone earlier this year, providing a certified carbon removal service to corporate clients — Microsoft, Spotify and Stripe —  for the first time. The removal took place at its Orca plant, currently the largest DAC facility in the world, located roughly half an hour outside of Reykjavik. 

The Washington Post

We Can Vacuum Carbon From the Sky. Will It Make a Difference?

The volume of global investment in carbon capture and storage projects has hit $6.4 billion in 2022, said Fatih Yilmaz, an expert in the Climate and Sustainability Program at the King Abdullah Petroleum Studies and Research Center. 

Arab News

Global investment in carbon capture and storage projects hit $6.4 bn in 2022

Researchers in the United States say they have developed a new system for capturing carbon dioxide that is the least expensive ever created. The process requires less energy and water than any technology produced before it.

CTV News

Will this new carbon capture technology help solve the climate crisis?

The world should focus on environmental damage prevention rather than on climate reparations, U.S Senator Lindsey Graham said Friday, calling for approaches that integrate countries worldwide.

CNBC

Climate reparations are not going to be helpful, U.S. Sen. Lindsey Graham says

Carbon | Carbon Capture & Storage

The world’s failure to get climate change under control and a call from the UN to do “everything, everywhere, all at once” would seem to be good news for those who are in the business of selling emissions reductions.

Carbon markets need to get their groove back

Carbon trading may be a useful concept, or even an effective tool, but can it provide a systemic solution to the problem of global warming?

African Business

Why has carbon trading come back to life?

For Business Leadership Month, co-chair of the Voluntary Carbon Markets Integrity Initiative (VCMI) Rachel Kyte outlines how 2023 can finally be the year that businesses gain access to a “transparent and viable” carbon market that can assist with net-zero goals.

Edie

From hysteria to transparency: Are we on the verge of credible carbon markets?

Natural climate solutions have the potential to provide a third of the climate crisis mitigation needed by 2030, but only if we act now. We need climate action on all fronts including the voluntary carbon market, which can be an invaluable source of financing for nature.

Why we need an 'everything, everywhere, all at once' approach for financing nature

Major registries in the carbon offset market are systematically over-crediting projects and delivering dubious carbon offsets, a practice that allows some companies to make unjustified claims of climate progress, according to a new report published Tuesday in the journal Frontiers in Forests and Global Change.

Major registries in the carbon offset market are allowing dubious credits, report says

Desperately worried about climate change when I was a UK cabinet minister in 2007, I proposed that the European Union’s Emissions Trading System went global. 

Carbon trading is vital for speeding up the energy transition

Carbon emissions are a major contributor to global warming and premature deaths due to air pollution and cost the global economy the equivalent of the combined GDP of India, Canada, and Mexico.

How much do investors care about carbon emissions? A new study sheds light

The US proposal for a new carbon credit system has begun sizing up potential interest from countries and corporate backers to help finance the shift of poorer nations away from fossil fuels.


US scopes projects for carbon scheme under heavyweight committee

The relaxation of some emissions obligations was in line with market interventions by other countries to cushion the impact of high fuel costs and ballooning losses at power utilities in the aftermath of the Russia-Ukraine war.

S&P Global

China relaxes compliance carbon market rules for coal-fired power plants

The European Union’s strategy to turn Europe into the first climate-neutral continent by 2050 is doomed to failure.



Euronews

Carbon offsets don't work. It's time for the EU to change its approach 

Surge in population, the rise in demand for consumer goods which led to rapid urbanization and industrialization in both developed and developing economies.

EIN News

Green Carbon Market Thriving Worldwide Growth and Insights with Trending Business Factors, Demand and Forecast to 2031

As part of the EU’s carbon market, the control of CO2 removal certificates could be managed by a Carbon Central Bank to ensure security for all players

CO2 removals: The case for establishing a European Carbon Central Bank

Stacy Kauk thinks carbon offsets are so 2019.

Kauk is in charge of getting the e-commerce platform Shopify to carbon neutrality, which the company first achieved four years ago. After shutting down its data centers and switching to Google Cloud, Shopify turned to offsets, but found quality was inconsistent. Kauk is now at the vanguard of figuring out how to make a market for carbon removal, the hot new alternative.



The e-commerce exec building a new carbon market

Hanyuan (Karen) Wang is the founder of Climind, a data-as-a-service startup that translates climate data into actionable business intelligence.

Rest of World

The data startup helping businesses navigate climate change

An international body representing the voluntary carbon market is suggesting to its members that they should oppose sovereign carbon credits created under the Paris climate agreement. Its claim: Corporations are faster than countries in the race to meet climate targets.

Chaos In Voluntary Carbon Markets Will Either Doom Or Change Them

Carbon dioxide is getting more valuable. Last year was the costliest yet to buy emissions permits in carbon markets, a new report finds.



Carbon markets are heating up

How do carbon offset credits work? The billion dollar question, especially now that estimates say the carbon market will hit a $50 billion mark by 2030.



Carbon Credits.com

How Do Carbon Offset Credits Work?

Verra is not scrapping its REDD methodologies.

Verra

Verra Response to Guardian Article

Verra will phase out programme by mid-2025 after Guardian investigation found it was flawed

Biggest carbon credit certifier to replace its rainforest offsets scheme

Increasing scrutiny of the voluntary carbon credit market means companies will need to put greater focus on decarbonizing their supply chains rather than offsetting carbon if they are to avoid claims of greenwashing

I by IMD

Moving from a carbon offsetting to a carbon insetting mindset

‘Carbon neutral’ claims are often based on credits certified by Verra – and investigation has suggested many are worthless

As carbon offsetting faces ‘credibility revolution’, shoppers should be wary

Global stakeholders are witnessing the effects of climate change — a phenomenon that caused hundreds of billions in economic damages in 2022, ranging from Pakistan’s floods to Europe’s wildfires to California’s droughts. Altogether, 29 events wreaked havoc, including Hurricane Ian, which cost $20 billion.

Businesses Have ‘Gone Quiet’ After Voluntary Carbon Market Revelations

A recent investigation reported in the Guardian newspaper suggested that more than 90% of the rainforest carbon credits issued by Verra, the not-for-profit organisation that administers the Verified Carbon Standard (VCS), do not represent real emission reductions. The Guardian investigation makes no specific mention of Papua New Guinea, but a recent ABC Four Corners program about “carbon colonialism” has begun to fill that gap. Here we provide more detail about the latest twists and turns in PNG’s forest carbon market.

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