News
Carbon Management
May 23, 2025
Climeworks to lay off over 20% of staff amid market, policy uncertainty
Swiss direct air capture (DAC) pioneer Climeworks recently announced a major round of layoffs, planning to cut more than 20% of its global workforce. Company executives attributed the move to macroeconomic uncertainty and shifting policy landscapes.
May 21, 2025India’s coal-heavy steel expansion threatens global decarbonization goals
The global steel industry has seen a steady increase in decarbonization initiatives, but actual progress remains limited. A new report reveals that India has now surpassed China in new steelmaking capacity.
April 25, 2025Mati Carbon wins top prize in Musk-backed XPRIZE carbon removal competition
The winner of the $100 million XPRIZE Carbon Removal competition has been announced. Houston-based startup Mati Carbon has taken the top prize with $50 million for its use of Enhanced Rock Weathering (ERW) technology.
April 16, 2025Microsoft invests in CO280 to remove 3.7 million tons of carbon from paper mill
U.S. tech giant Microsoft is ramping up its carbon dioxide removal (CDR) efforts through a new partnership with climate tech startup CO280. The collaboration leverages a unique carbon capture and storage (CCS) technology to reduce emissions.
March 31, 2025Mizuho joins NextGen as first Japanese bank to invest in carbon removal credits
Mizuho Financial Group has announced its entry into the NextGen platform as a carbon credit buyer, marking a first for Japan’s banking industry.
March 24, 2025Taiwan’s SAF journey begins—but can waste oil meet growing demand?
Taiwan is set to enter its first year of sustainable aviation fuel (SAF) adoption, with Songshan, Kaohsiung, and Taoyuan airports scheduled to begin SAF blending for domestic carriers in the first half of the year.
March 20, 2025Amazon unveils carbon credit service to advance supply chain decarbonization
Amazon, the retail giant in the U.S., announced the launch of its carbon credit service through its Sustainability Exchange platform on March 19. This service aims to help its supply chain partners achieve decarbonization.
March 11, 2025Carbon removal demand to hit 8 billion tonnes, but only 1% delivered—3 opportunities for Asia to lead
Carbon Forward Asia, held from March 4 to 5 in Singapore, featured a panel on the second day titled “Removals: Putting the Net into Net-Zero,” which explored the opportunities and challenges for advancing carbon removal in Asia.
March 05, 2025Malaysia introduces CCUS Bill amid regional disagreements
Malaysian government officially unveiled the Carbon Capture, Utilization, and Storage (CCUS) Bill 2025 on March 4, establishing a legal framework for the development of the industry.
February 20, 2025TikTok bets on carbon capture to curb its soaring emissions
Short video platforms are booming globally, but their environmental impact is not to be overlooked. TikTok is not only building green data centers but also investing in carbon removal technologies as part of its long-term decarbonization plan.