Occidental Petroleum is leading the global charge to vastly expand the use of technologies that suck up carbon dioxide. The failure of company’s biggest-ever bet shows the challenges ahead. By Natasha White, Akshat Rathi, and Kevin Crowley The world wants to master the process of corralling carbon, and Occidental Petroleum Corp. is building a futuristic machine on the dusty plains of…
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The renewable revolution is plainly gaining speed and impact. So why are so many analysts so wrong about the pace and scale of innovation? The renewable revolution is advancing at remarkable speed. In fact, the speed of the renewable revolution has defied many leading energy commentators who have continuously underestimated its true trajectory. They have…
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Yuka Obayashi A man works at the Tokyo Stock Exchange after market open in Tokyo, Japan, Oct. 2, 2020. REUTERS/Kim Kyung-Hoon/ TOKYO, Oct 11 (Reuters) – Japan’s Tokyo Stock Exchange (TSE) started trading carbon credits on Wednesday, as the world’s fifth-largest carbon dioxide (CO2) emitter put in place a key element of its strategy to…
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Smart windows save households money and CO2 A thermochrome coating is applied to the windows. This extra layer ensures that the optical properties change at a certain temperature. If it is warmer than 20 degrees Celsius, then the solar heat is kept out. Is it colder? Then the windows let in the heat of the…
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With the adoption of the Carbon Border Adjustment Mechanism (Cbam), Brussels subjects imports of seven inputs to surcharges of 20% to 35% if production exceeds its environmental limits The European Union has been proactive in pressuring its trading partners to adhere to its domestic greenhouse gas emissions reduction goals, primarily rooted in protectionism. First, with…
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The for sustainability claims are based on three principles: claims must be current and factually correct, they must be concretely substantiated and that substantiation must be understandable and imitable. In the guideline, the AFM explains the three principles in detail and provides examples of good and bad behavior. Those examples should help organizations report as…
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Dr Sultan Ahmed Al Jaber, COP28 President-Designate and UAE Minister of Industry and Advanced Technology, on Monday delivered the keynote address during the ADIPEC 2023 Opening Ceremony, stating the energy industry “can and must help drive the solutions”. ADIPEC, the world’s largest energy exhibition and conference, opened on Monday, rallying industries and diverse actors around…
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A quarter of global emissions are now covered, and the share is rising fast Oct 1st 2023image: EPA/Shutterstock IF GLOBAL WARMING is to be limited, the world must forget about fossil fuels as fast as possible—that much almost everyone agrees upon. How to do so is the complicated part. Economists have long favoured putting a…
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As extreme weather events roiled communities around the world this summer, businesses and governments are feeling more pressure than ever to respond to climate change. Tracking emissions has historically been difficult, because the methods for tracking a company’s carbon footprint are all over the place. In the U.S., corporate sustainability reporting remains unstandardized and largely…
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Much has been discussed about the carbon market, here is how it actually works. Lombard Odier explains the difference between voluntary and compliance carbon markets and outlines the importance of high-integrity carbon projects. How investors can support companies’ decarbonisation strategies and diversify their portfolios via carbon markets. The Nuances of Carbon Markets: Leveraging Voluntary and…
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