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☆ The world's largest fans designed to suck carbon from the air are up and running in Iceland
▼ + stars: | 2024-05-09 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

Climeworks' direct-air-capture plant can remove up to 36,000 metric tons of carbon from the air a year. AdvertisementThe startup Climeworks this week switched on the largest direct-air-capture plant, which pulls carbon dioxide from the sky and locks it away underground. Climateworks' Mammoth plant also cost hundreds of millions of dollars to build, though the company didn't disclose the exact amount. AdvertisementClimeworks aims to become large enough to remove 1 million metric tons of carbon a year by 2030 and 1 billion metric tons by 2050 — or a megaton and gigaton. The two plants could remove more than 2 million metric tons of carbon dioxide from the air each year.

Persons: Climeworks, —, it's, JPMorgan Chase, Jan Wurzbacher, Wurzbacher Organizations: Service, UN, Carbon Project, Microsoft, Swiss, JPMorgan, US Department of Energy, Occidental Petroleum Locations: Mammoth, Iceland, Paris, Canada, Norway, Oman, Kenya, Louisiana, West Texas

☆ Coal use needs to be slashed seven times faster to meet emissions target, analysis finds
▼ + stars: | 2023-11-17 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +4 min

Published Tuesday, the "State of Climate Action 2023" paints a sobering picture of the challenges that policymakers face as they gear up for the COP28 climate change summit in Dubai, United Arab Emirates at the end of November. Tuesday's report takes that 1.5 degrees goal and develops targets for 2030 and 2050 that align with it. The U.N. has previously noted that 1.5 degrees Celsius is viewed as being "the upper limit" when it comes to avoiding the worst consequences of climate change. "Despite decades of dire warnings and wake-up calls, our leaders have largely failed to mobilize climate action anywhere near the pace and scale needed," Boehm added. Nationally Determined Contributions, or NDCs, refer to individual countries' targets for cutting emissions and adapting to the effects of climate change.

Persons: Aditya Aji, Sophie Boehm, Boehm, tinker, Ani Dasgupta Organizations: AFP, Getty, United Arab Emirates, CNBC, World Resources Institute, UN, ClimateWorks, United Nations Locations: Indonesia, Dubai, United Arab, Paris

☆ US Treasury: Financiers' 'net zero' pledges must align with temperature limits
▼ + stars: | 2023-09-19 | by ( David Lawder | ) www.reuters.com time to read: +3 min

[1/3] U.S. Treasury Secretary Janet Yellen speaks during an interview in New York City, U.S., September 18, 2023. The Treasury released the new, voluntary principles as world leaders, celebrities and business moguls, converged on Manhattan to focus attention on the climate crisis during the U.N. General Assembly week. The nine principles aim to promote consistency, credibility and transparency across net-zero pledges by financial institutions. Among them, the Treasury prescribed that financial institutions should practice "transition finance" that can support decarbonization in high-emitting sectors that are difficult to abate. DATA RESEARCH FUNDINGThe Treasury also announced that several philanthropic groups have pledged $340 million to help develop research, data and technical resources intended to help financial institutions develop and execute "robust, voluntary net-zero commitments."

Persons: Janet Yellen, Shannon Stapleton, Bloomberg Philanthropies, Larry Fink, HSBC's, Noel Quinn, Yellen, Mark Carney, Carney, David Lawder, Chizu Nomiyama, Sharon Singleton, Nick Zieminski Organizations: . Treasury, REUTERS, U.S . Treasury, Treasury, Fund, Bloomberg, Hewlett Foundation, Sequoia Climate Foundation, U.S, Glasgow Financial Alliance, Net, Thomson Locations: New York City, U.S, Manhattan

☆ Google cofounders Larry Page and Sergey Brin gave $438 million to charities through their foundations last year. Here's where the tech gurus' huge donations went.
▼ + stars: | 2022-12-14 | by ( Rob Price | Hugh Langley | ) www.businessinsider.com time to read: +8 min

In 2021, Google's cofounders, Larry Page and Sergey Brin, collectively gave away nearly half a billion dollars from their philanthropic foundations. 2 moguls, 2 different approaches to charitiesBrin's personal foundation, the Sergey Brin Family Foundation, disbursed roughly $250 million in both 2020 and 2021. The Sergey Brin Family Foundation lists three key officers. Brin's and Page's philanthropic donations, while extensive, represent a fraction of their net worths. Brin donates directly to the Sergey Brin Family Foundation, while Page's contributions to the Carl Victor Page Memorial Foundation are routed through a limited-liability company named Florida LLC.

☆ Jeff Bezos, cel mai bogat om din lume, a donat primele 791 000 000 de dolari pentru luptă împotriva schimbărilor climaterice
▼ + stars: | 2020-11-17 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Jeff Bezos, cel mai bogat om din lume, a donat primele 791 000 000 de dolari pentru luptă împotriva schimbărilor climatericeFondatorul Amazon, Jeff Bezos, a anunțat anterior că intenționează să doneze suma de 10 miliarde de dolari în lupta împotriva schimbărilor climaterice. La începutul anului Bezos a înființat un fond de salvare a Pământului și vrea să atragă și alți bogați ai lumii de partea sa. Despre primele aproape 800 000 000 de dolari donate Bezos a anunțat într-o postare pe pagina sa de Instagram. Astăzi, îmi face plăcere să anunț primii beneficiari ai Fondului Pământ Bezos – 16 organizații care lucrează la soluții inovatoare, ambițioase și cu mișcare de ace. Aceste 791 de milioane de dolari în donații sunt doar începutul angajamentului meu de 10 miliarde de dolari pentru a finanța oameni de știință, activiști, ONG-uri și altele.

Persons: Jeff Bezos, Jeff Organizations: Bezos, Energy Foundation, Natural Resources, Rocky Mountain Institute, Salk, World Resources Institute, World Wildlife Fund Locations: Eden

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