News
News
April 27, 2023
Carbon trading market to reach USD 479 million by 2030
In 2022, the carbon credit trading platform market was worth around USD 103 million, and it is projected to advance at a 21.20% CAGR from 2022 to 2030, hitting USD 479 million by 2030, according to P&S Intelligence.
April 19, 2023
Finnish startup turns CO2 into carbon-negative concrete blocks that can trap emissions
Carbonaide, a spin-out from VTT Technical Research Centre of Finland, has come up with a solution to reduce carbon footprint by transforming CO2 into carbon-negative concrete blocks that eventually become a carbon sink, or an object that is able to absorb
April 11, 2023
H&M, LanzaTech launch carbon clothing collection
Swedish fashion brand H&M has partnered with carbon capture company LanzaTech to create garments made from captured emissions and combining them with the brand’s own DryMove technology—a trademarked material that is designed to pull away moisture from the
February 21, 2023
Amazon funds $1.6 million for carbon-sequestering seaweed farm
Amazon.com has awarded 1.5 million euros ($1.6 million) to a Dutch project testing the feasibility of commercially producing seaweed in between turbines of offshore wind farms, the company and organisers said.
February 16, 2023
Denmark grants first CO2 storage licences for North Sea projects
The Danish Ministry of Climate, Energy, and Utilities has awarded its first licences to capture and store carbon in the North Sea to Wintershall Dea, INEOS Energy and TotalEnergies.
December 02, 2022
Study finds way to generate chemicals from captured carbon dioxide
Scientists at the University of Surrey have developed a new technology to convert CO2 captured from the atmosphere into useful chemicals such as carbon monoxide and synthetic natural gas.
November 30, 2022
EU readies carbon removal certification mechanism to help tackle climate change
The European Commission is set to propose a scheme to certify removals of carbon dioxide from the atmosphere as part of the efforts to achieve net-zero emissions by mid-century, according to a leaked proposal seen by EURACTIV.
November 24, 2022
Integrity issues of Australia’s carbon credits system undermine transparency, new report finds
Criticisms raised by a whistleblower who described Australia’s carbon credit system a fraud that is hurting the environment and wasted more than $1bn in taxpayer funding have been supported in a new report commissioned by the Albanese government.
October 19, 2022
CCS facilities under development worldwide grows 44% in 2022
Carbon Capture and Storage (CCS) facilities under development has grown 44% on year to 244 million tonnes per annum in the past 12 months, according to a new report from the Global CCS Institute.
August 05, 2022
Petronas signs MoU with South Korea businesses to develop CCUS
Malaysia’s state-run oil and gas company Petronas signed a memorandum of understanding on Aug. 3 with six Korean companies to launch a carbon capture and storage (CCS) project called Shepherd CCS Project, with an aim to capture carbon in South Korea and s
