Browsing: Carbon

Project Kirkenær, the first permanent geological CO2 removal initiative by Norwegian developer Carbon Centric, has cleared a key milestone with the successful completion of the Puro.earth Preliminary Assessment.

The European Commission has approved $283 million (€260 million) in Belgian state aid to support a major carbon capture and storage initiative in Antwerp, signaling renewed momentum for industrial decarbonization in Europe’s most concentrated chemical and manufacturing clusters.

China plans to reduce its carbon intensity by 17 percent during its current five year planning cycle, a faster pace than the 12 percent decline achieved between 2020 and 2025.

Roughly one third of anthropogenic carbon dioxide emissions are already absorbed by the ocean, according to long standing global carbon budget estimates. As emissions trajectories continue to overshoot mitigation pathways, U.S. lawmakers are now pushing to examine whether that natural sink can be responsibly enhanced through targeted intervention.

Europe’s largest business lobby, BusinessEurope, is calling for targeted reforms to the multi billion euro carbon market, arguing that the current trajectory risks accelerating deindustrialization at a time when energy costs and global competition are already straining manufacturers.

Amazon has pledged more than 40GW of carbon-free energy capacity across over 700 projects worldwide, a portfolio the company says could power more than 12.1 million U.S. homes.

Kenya is positioning itself as a key player in global carbon markets with the launch of its national carbon registry, a platform designed to improve transparency, prevent double counting, and verify emissions reductions at a time when scrutiny of climate offsets is intensifying worldwide.

More than 30 emissions trading systems are now in force or under development worldwide, according to the International Carbon Action Partnership, and the maritime sector is increasingly caught between overlapping carbon regimes.

In the heart of Madhya Pradesh’s steel belt, furnaces burn day and night, producing the metal that underpins India’s highways, railways, and high-rises. For workers, the economic payoff is clear, but so is the environmental cost. India’s steel sector emits more than 2.5 tonnes of CO₂ per tonne of steel produced, significantly above the global average, and heavy industries remain the country’s largest industrial greenhouse gas emitters.

The European Investment Bank’s approval of a €3 billion Frontloading Facility underscores growing concern within EU institutions that the rollout of the second Emissions Trading System for heating and road fuels could face public resistance unless its social impacts are managed well in advance.