Microsoft has been the biggest supporter of the much-hyped market for carbon removal technologies, which are designed to remove a key planet-warming gas from the atmosphere. But now, the tech giant is stepping back from an industry it almost single-handedly was propping up. With the company now telling some partners that it is pausing future…
Over the last several years, Microsoft almost single-handedly established the market for carbon dioxide removal technologies, a nascent field that aims to scrub the planet-warming gas from the atmosphere to counter climate change. But now, Microsoft is stepping back from the industry it helped create, telling some companies that it is pausing future purchases of…
Shorouk Express Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email An M&S store in London has been closed following a suspected carbon monoxide leak which left a number of people hospitalised. Emergency services…
Google announced Thursday it is buying 200,000 metric tons of carbon removal from Mombak, a forest restoration company based in Brazil. The project will buy farmland in the Amazon and reforest it. The deal was made through the Symbiosis Coalition, an advance market commitment intended to develop a market for nature-based carbon removal schemes that…
We watched LA burn this year. If you’re not from around here, you might have seen it unfold in the news like so many other infernos. Neighborhoods in ashes. People in shock. I was nearby when it happened in January, visiting home from New York to attend a family member’s funeral. As a climate journalist,…
Shorouk Express “Most of those credits came to Europe and were about to kill the ETS market,” he added. “It dampened the prices, and so along with a market stability reserve, we designed a policy to close the door to all credits coming from the CDM.” Yet times have changed, Delbeke insisted. A new global…
Shorouk Express ASTANA, Kazakhstan, June 1. During a working visit to the Mangystau region, Chairman of the Board of KazMunayGas, Askhat Khassenov, visited the construction site of a hybrid power plant in the city of Zhanaozen, Trend reports via KazMunayGas. According to the information, this joint project of KazMunayGas and the Italian company Eni S.p.A….
Two years ago, oil and gas company Occidental bought carbon capture startup Carbon Engineering. The transaction was hailed as a win-win: A climate tech company scored a significant exit, and a fossil fuel company gained a foothold in a sector that could be worth up to $150 billion by 2050. Now we have a better…
