Browsing: carbon

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.

Biomass already accounts for the largest share of renewable energy potential in Malaysia’s power mix, driven by the country’s agricultural output rather than variable weather conditions.

When the European Commission settled its emissions cartel case against BMW, Volkswagen, and DaimlerChrysler in 2021, the €875 million fine…

During a recent visit to China alongside German Chancellor Friedrich Merz, BMW Group CEO Oliver Zipse signed a memorandum of understanding with CATL, formalizing a partnership aimed at lowering the embedded carbon footprint of BMW’s electric vehicles by reworking battery sourcing and production processes.

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.