decarbonization News

Climate Goals Still Make Business Sense, Rio Tinto CEO Says

Rio Tinto Group, the world’s second-largest mining company and a major polluter, came out in support of corporate efforts to curb emissions, insisting that pursuing green targets can add value. “Despite the fragmented policy landscape, decarbonization can still be good …

New UK-Based Climate Group Emerges as Banks Retreat

It was a dank, drizzly February evening when about 120 people gathered in the brightly lit art gallery of London’s Guildhall, surrounded by gold-framed paintings ranging from Pre-Raphaelites to realists. At the event, Alok Sharma, a former member of the …

Shell, Equinor, TotalEnergies Open CO2 Storage Facility in Norway

Shell, Equinor and TotalEnergies said on Thursday their carbon dioxide (CO2) storage project on Norway’s west coast is now completed and ready to receive CO2, with its first deliveries expected next year. Carbon capture and storage (CCS) has long been …

Time to Retire ‘Hard to Abate’ as Climate Solutions Become More Affordable

Jargon often gets in the way of clearly understanding the climate challenge. While some technical terms such as “net zero” are useful and continue to gain wider acceptance, others aren’t so helpful. Take the phrase “hard to abate.” The simplest …

Nearly a Third of Carbon Credits Fail New Benchmark Test

Nearly a third of existing carbon credits have failed to meet criteria for a new standard that aims to serve as the global benchmark for the voluntary carbon market, its board said on Tuesday. In the voluntary market, companies can …

Right-Wing Political Tilt in Countries Across Globe Will Not Derail Climate Action

A political tilt to the right in Europe and a potential Trump presidency in the U.S. will not derail climate efforts as businesses are increasingly locked into green strategies, delegates at London Climate Action Week heard. A big election year, …

White House to Support New US Nuclear Power Plants

The White House on Wednesday planned to announce new measures to support the development of new U.S. nuclear power plants, a large potential source of carbon-free electricity the government says is needed to combat climate change. The suite of actions, …

Markets/Coverages: Aon Offers Carbon Capture, Storage Insurance for Energy Transition

Insurance broker Aon plc has developed a new insurance product designed for international transport and storage companies that are engaged in storing carbon dioxide for decarbonization projects across the globe. The new product is aimed at providing cover for key …

The World’s Biggest Carbon Removal Plant Comes Online in Iceland

Amid the steam rising around Iceland’s Hellisheioi station sits a newly built warehouse surrounded by giant fans run by carbon removal startup Climeworks. Dubbed Mammoth, the project is now the world’s biggest plant to suck carbon dioxide from the air. …

EU Auditors Say Real CO2 Emissions From Most Cars Have Not Fallen

Real CO2 emissions from most passenger cars on EU roads are the same as 12 years ago despite reduction targets set in 2010 for newly registered vehicles, putting in jeopardy Europe’s green agenda, the European Court of Auditors (ECA) said …