China Petroleum & Chemical Corp, Sinopec, has launched a specially-designed unit to work on carbon (CO2) capturing and storage. Part of the task of this new unit is planning the venture capital for the project’s involvement in carbon-related investments. The company issued an announcement about this today. The new unit of Sinopec name is Sinopec …
Sinopec establishes a carbon capturing investment unit Read More »
Bioplastic records are coming to the scene expecting it will help to decarbonize the music industry and make the music business eco business. Bioplastic records are alternatives to vinyl. They are made of sugar-based material, as its creator Evolution Music says. Evolution Music is a company based in the United Kingdom. According to the acting …
Bioplastic records on the scene, ladies and gentlemen Read More »
Two-thirds of the U.S. Senate voted to approve the so-called Kigali Amendment to cut HFCs gases. It will improve the global environmental treaty known as Montreal Protocol. The envoys recommended ratification of the Kigali Amendment that would gradually limit the emissions of critical greenhouse gasses, such as HFCs gases, that contribute to climate change. The …
Amendment to a global treaty to cut greenhouse gas passed U.S. Senate Read More »
The European Commission today announced it has approved public funding in the amount of 5.2 billion euros ($5.15 billion) for green hydrogen energy projects. The fund comes from 13 EU member states and aims to boost the supply and production of renewable and low-carbon hydrogen as an energy source. This is in line with the …
EU gives green light to state aid for green hydrogen energy Read More »
British power generator Drax signed an initial memorandum of understanding with U.S. carbon finance firm Respira International. Drax will sell approximately 2 million carbon removal credits from its proposed biomass projects in the United States. Drax has developed technology to capture and store emissions from its power plants. Its plants burn wood-based biomass pellets in …
British Drax power station sold the credits for carbon removal Read More »
Meeting global climate goals depends on united collaboration between countries in the field of clean technology innovations. This is a suggestion by International Energy Agency (IEA) in its latest report. The report was released together with the International Renewable Energy Agency (IRENA) and the U.N. Climate Change High-Level Champions. Global actions to lessen greenhouse gas …
IEA: Global climate goals need to unite clean tech collaboration Read More »
Norway’s firms have to cut their greenhouse gas emissions to net zero emissions by 2050. It is a goal imposed by Norway’s wealth fund in order for the country’s economy to fully comply with the Paris Agreement. The plan follows a proposal made in April by the government. The government proposed companies the Fund invests …
Food companies and climate are interconnected the new research shows. Major farming and food companies might lose on average a quarter of their value by 2030. To stay in business they have to adapt to new government policies. Moreover, the consumers’ behavior is changed toward climate change. This is a resume of the latest report …
Adjust or lose: Food businesses to count on climate awareness Read More »
Greenpeace and other environmental activists have started a legal campaign against the European Commission (EC). EC decided natural gas and nuclear energy to include in the EU’s list of “green” investments. Activists claim the European Union (EU) violated its own climate laws by declaring gas and nuclear energy green. Campaigners point at the data about …
Greenpeace: EU’s ‘green’ label for gas and nuclear is not green Read More »
Portugal could face LNG supply problems this winter. This is due to the possibility Nigeria to not deliver the liquefied natural gas (LNG) as agreed. European Union countries are looking for alternatives to the previous supplies of Russian gas, now under EU sanctions because of the invasion of Ukraine. This European Union country has stocked …
Portugal could face an LNG shortage if gas theft in Nigeria continues Read More »
