Opna, a London-based startup formerly known as Salt, has secured $6.5 million in seed funding to help bridge the gap between businesses seeking to invest in carbon projects and the projects themselves.
Continue reading “Opna carbon project app”Cookstove offsets
Carbon offset projects that distributed “improved cookstoves” in developing countries have been found to likely overestimate their emissions reductions, raising concerns about the effectiveness of these projects in combating climate change.
Continue reading “Cookstove offsets”Worthless forest carbon offsets
A study published in the journal Science has confirmed concerns raised in a Guardian article earlier in the year that more than 90% of carbon offset credits from rainforest conservation projects are ineffective.
Continue reading “Worthless forest carbon offsets”Canada’s net-zero electrical grid
The Canadian government has revealed a draft of the Clean Energy Regulations, aiming to achieve a net-zero emissions electricity grid by 2035. Canada, with 84% of its electricity coming from clean sources like hydro, solar, wind, and nuclear, proposes a new emissions performance standard to decarbonize the remaining grid.
Continue reading “Canada’s net-zero electrical grid”G20 funded $1tn in fossil fuel subsidies
A report from the International Institute for Sustainable Development (IISD) has exposed that despite their pledge to reduce fossil fuel subsidies, the G20 nations allocated an all-time high of $1.4 trillion to coal, oil, and gas industries in 2022.
Continue reading “G20 funded $1tn in fossil fuel subsidies”As wildfires grow, will planting trees offset carbon?
Younger trees are more vulnerable to wildfires, posing a challenge to Canada’s reforestation efforts aimed at meeting climate goals. Canada has experienced numerous wildfires this year, with over 12 million hectares burned, releasing 249 million tonnes of carbon as of mid-July.
Continue reading “As wildfires grow, will planting trees offset carbon?”US picks carbon capture hubs
The US Department of Energy (DOE) has chosen the first two sites, located in Louisiana and Texas, to host facilities aimed at capturing carbon dioxide (CO2) from the atmosphere and storing it underground. These sites will be funded through the bipartisan infrastructure bill passed early in President Biden’s term.
Continue reading “US picks carbon capture hubs”UK carbon prices tumble
Industrial companies in the UK now face less strict financial burdens for polluting after the government “watered down” reforms compared with those set by the EU, the Financial Times reported last week.
Continue reading “UK carbon prices tumble”Floating solar panels to provide unlimited energy
Large installations of solar panels floating on calm seas near the Equator could provide virtually unlimited solar energy to densely populated countries in Southeast Asia and West Africa.
Continue reading “Floating solar panels to provide unlimited energy”Promises of enhanced geothermal power
Last week Fervo Energy announced it successfully operated Project Red in the northern Nevada desert over a 30-day test period, generating 3.5 megawatts of clean electricity, more than any other enhanced geothermal plant in the world. Project Red expects to connect to the power grid later this summer, delivering 5 megawatts to Google’s Las Vegas data center operations.
Continue reading “Promises of enhanced geothermal power”