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☆ No time to lose on ocean treaty as threats to high seas rise - Greenpeace
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +3 min

Mandatory credit Kyodo/via REUTERS/File Photo Acquire Licensing RightsCompanies Greenpeace Limited FollowSINGAPORE, Sept 14 (Reuters) - Governments have no time to lose when it comes to implementing a new global ocean treaty to protect the high seas as threats from human activities intensify, a report by environmental group Greenpeace said on Thursday. In March, more than 100 countries completed a groundbreaking treaty to protect the high seas after years of negotiations. The high seas, or international waters, constitute more than 60% of the world's oceans but have not been under any protection. Greenpeace said fishing hours on the high seas increased by 8.5% from 2018 to 2022, and were up 22.5% in areas that need special protection. Greenpeace said that needs to happen before 2025 if there is any hope of achieving the "30 by 30" target.

Persons: Chris Thorne, Greenpeace's, David Stanway, Jamie Freed Organizations: Kyodo, Rights Companies Greenpeace, Greenpeace, United Nations, General, Thomson Locations: Kushiro, Hokkaido Prefecture, Japan, SINGAPORE

☆ Amazon follows Microsoft, investing big in carbon capture
▼ + stars: | 2023-09-12 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

After a recent infusion of government money into technology that sucks carbon out of the air, big business is getting in as well. Amazon announced Tuesday that it will help fund the world's largest deployment of direct air capture (DAC) technology by purchasing a quarter of a million metric tons of carbon removal over the next decade from STRATOS, the first DAC plant from 1PointFive, a carbon removal technology company. The carbon that is removed through the air capture systems will then be stored underground in saline aquifers, which are large rock formations saturated in salt water. "With these two new investments in direct air capture, we aim to target emissions we can't otherwise eliminate at their source," Kara Hurst, Amazon's VP of worldwide sustainability, said in a release. Amazon's announcement comes on the heels of Microsoft 's news that it has agreed to buy carbon credits from California-based startup Heirloom Carbon, which uses limestone to remove carbon from the atmosphere.

Persons: Kara Hurst, Amazon's, We're, Brian Marrs, Microsoft's, Hurst Organizations: Amazon, STRATOS, CarbonCapture, Microsoft, U.S . Department of Energy, Law Locations: 1PointFive, CarbonCapture Inc, California, Paris

☆ ComBio wants industrial players to use sustainable biomass instead of fossil fuels for heat generation. Check out the 9-slide pitch deck it used to raise $90 million in growth capital.
▼ + stars: | 2023-09-08 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Brazilian company ComBio wants industrial players to swap out fossil fuel boilers for biomass. Founded in 2008, ComBio has developed biomass-based systems to remove the need to use oil and gas when generating heat. The company sources biomass from agricultural and forestry waste, which it said is sustainable and would typically have no other use. "If you look at the energy transition on heat, on thermal, you have quite limited options and by far the best one is biomass," Filho said. Check out the 9-slide pitch deck the company used to raise the funds below.

Persons: Lightrock, ComBio, Paulo Skaf Filho, Filho Organizations: Capital, Renewables, US International Trade Administration Locations: London, Brazil, Europe

☆ Fishing startups are making the industry more sustainable by repelling bycatch, recycling nets, and tackling dredging — but they need more cash to stay afloat
▼ + stars: | 2023-09-08 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +9 min

But overfishing has left some fish stocks depleted, while destructive fishing practices like dredging have harmed ecosystems . Ocean tech has the additional challenge of "dealing with this chemically rich liquid that basically eats everything that goes into it," Watson said of the ocean. Blue Ocean Gear's data-collecting buoy. Blue Ocean GearFishing for fundingBut Falconer is competing with buzzy tech sectors in the pursuit of venture capital. Without cash flowing in, fishing tech could face a brain drain.

Persons: Daniel Watson's, SafetyNet, Daniel Watson Dan, Eric Li, James Dyson, Enki, Watson, Ed Phillips, Phillips, Dado Ruvic, Kortney Opshaug, Opshaug, it's, Ava Ocean, Maren Hjorth Bauer, Ava Ocean's, Hjorth Bauer, Ian Falconer, I'm, Falconer, haven't Organizations: Venture, Service, SafetyNet Technologies, European Union, Future Planet Capital, Aquaculture, REUTERS, NASA, Ocean, Investors, multibillion, Strategic Locations: London, Dubrovnik, Croatia, Bering, Cornwall

☆ Stripe, Shopify, H&M spend $7 million on carbon removal from a dozen new companies
▼ + stars: | 2023-09-07 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +6 min

Stripe, Shopify and H&M Group announced Thursday they are spending $7 million on carbon removal from a dozen carbon removal startups. Stripe, Shopify and H&M are three of the member companies of Frontier, and together, they spent $7 million on carbon removal purchases from 12 companies: Airhive, Alkali Earth, Banyu Carbon, Carbon Atlantis, CarbonBlue, CarbonRun, EDAC Labs, Holocene, Mati, Planetary Technologies, Spiritus Technologies and Vaulted Deep. Frontier facilitates carbon removal purchases for its member companies via multiple pathways, including pre-purchase agreements and offtake agreements. Zoom In Icon Arrows pointing outwards Mati is one of the dozen companies Frontier has facilitated carbon removal purchases from on behalf of Stripe, Shopify and H&M. Zoom In Icon Arrows pointing outwards CarbonBlue is one of the dozen companies Frontier has facilitated carbon removal purchases from on behalf of Stripe, Shopify and H&M.

Persons: Mati, Charm, stover, Joanna Klitzke, Klitzke, that's Organizations: M, Frontier, EDAC Labs, Planetary Technologies, Spiritus Technologies, Autodesk, JPMorgan Chase, McKinsey, Meta, CNBC, United Nations, & $ Locations: Mati, India, Gulf of Mexico

☆ Singapore to expand ocean CO2 removal project as scientists call for more research
▼ + stars: | 2023-09-05 | by ( David Stanway | ) www.reuters.com time to read: +3 min

A view shows the interior of Equatic's pilot ocean carbon removal project at the Tuas Desalination Plant in western Singapore, August 30, 2023. As scientists call for more research into ocean carbon dioxide removal (OCDR), Singapore's Public Utilities Board (PUB) has built a plant that uses electricity to extract CO2 from seawater, allowing it to absorb more greenhouse gas from the atmosphere when it is pumped back out into the ocean. At the plant, seawater is run through an electrolyser, which converts dissolved CO2 into calcium carbonate and produces hydrogen. On Tuesday, more than 200 scientists said in an open letter that OCDR research should be prioritised not only to maximise its potential, but also head off potential risks. But billions of tons of CO2 need to be removed from the atmosphere, and more investment in OCDR research was needed urgently, he said.

Persons: David Stanway, Equatic, Gurdev Singh, OCDR, Gaurav Sant, Sir David King, Alexandra Hudson Organizations: REUTERS, Rights, Singapore's Public Utilities Board, U.S, University of California, UCLA, Alexandra Hudson Our, Thomson Locations: Singapore, Rights SINGAPORE, Los Angeles

☆ Opna helps corporates invest in carbon removal. It just raised $6.5 million with this 11-slide pitch deck.
▼ + stars: | 2023-09-05 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Opna, a startup that helps carbon removal projects get funded, just raised $6.5 million. Opna, which helps corporations invest in carbon removal or reduction projects, has just secured $6.5 million from European venture capital firm Atomico. The London-based startup, founded in 2022 as Salt, helps corporations find, fund, and monitor carbon removal projects. Carbon removal projects generate carbon credits, one of which represents one ton of Co2 removed from or prevented from entering the atmosphere. This led to market hesitation and a subsequent move to fund carbon removal projects directly via forward-purchasing and long-term off-take agreements.

Persons: Shilpika Gautam, Gautam, Opna, Tiny Organizations: Stripe's Frontier Fund Locations: London, India, Gaumukh, Atomico

Demand for carbon credits is on track to fall in 2023, according to two of the top data providers. Nestle, which has also not disclosed its spending on offsets, said it would stop using carbon offsets and was seeking other routes to net zero. Until this year, the voluntary carbon market had grown as more companies came under shareholder pressure to adopt net zero policies. SECOND THOUGHTSFor the carbon markets, another issue is that regulators and carbon market advisory bodies are limiting the scope of their use by companies. "You need to reduce emissions and that's how you will be judged in the market when you're disclosing your carbon emissions."

Persons: Elizabeth Frantz, Gucci, Renat Heuberger, Stephen Donofrio, certifier Verra, EasyJet, Jane Ashton, Ashton, Naomi Swickard, Verra, Zimbabwe's, Steve Wentzel, Wentzel, Kristian Rönn, Rob Hayward, Susanna Twidale, Sarah McFarlane, Barbara Lewis Organizations: New England Forestry Foundation, REUTERS, Nestle, Reuters, Marketplace, Shell, Boston Consulting, Offset, GEO, Verra, Carbon, Investments, United Nations, Voluntary, Initiative, EU, KLM, Companies, Thomson Locations: Hersey, New Hampton , New Hampshire, U.S, Kenya, Pole, Stockholm, Ghana

☆ This outperforming fund offers a socially responsibility way to invest in growth
▼ + stars: | 2023-08-30 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

A Calvert fund is giving investors a sustainable way to play this year's technology rebound. The firm's U.S. Large Cap Growth Responsibility Index (CGJAX) is up 27% this year, rallying in near harmony with growth stocks. 'Consistent approach' Fitting of any growth fund, a handful of large tech names are among the biggest holdings as of June 30, per Morningstar. "This fund still offers a broadly diversified option for investors looking for a balance between ESG and growth stocks," Tran wrote when rating the fund at the end of last year. The fund also benefits from having a more data-driven approach to picking stocks, Huang wrote.

Persons: Calvert, Russell, Morningstar, —, Jade Huang, Huang, Lan Anh Tran, Tran Organizations: Apple, Microsoft, Nvidia, Facebook, Tesla, Nasdaq, Morningstar, Russell, Federal Reserve Locations: Calvert

☆ Russia and Ukraine are battling it out over gas and oil platforms in the Black Sea, UK Ministry of Defence says
▼ + stars: | 2023-08-27 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

Russia and Ukraine are battling over strategic gas and oil platforms in the Black Sea. The Black Sea is a key spot in the Russia-Ukraine conflict, and it has become a hotbed of military activity in the war. Ukraine has also struck several Russian-controlled platforms in the Black Sea, including three gas platforms that Russia had converted into "small garrisons." AdvertisementAdvertisementLast year, military expert Oleg Zhdanov said that the towers were like the "ears and eyes of the Russian Black Sea Fleet," according to Offshore Energy. Ukraine has also used many of its hi-tech sea drones in the area, with Ukrainian intelligence chief Kyrylo Budanov saying they had successfully paralyzed Russia's Black Sea fleet using the drones.

Persons: Oleg Zhdanov, Kyrylo Budanov, Russia's Organizations: Service, UK Ministry of Defence, Twitter, Offshore Energy Locations: Russia, Ukraine, Wall, Silicon, Crimea, Odesa, Russian, Ukrainian

☆ Building Green: New Technologies to Create Less Polluting Cement
▼ + stars: | 2023-08-24 | by ( Yusuf Khan | ) www.wsj.com time to read: +8 min

Roughly 7% of all carbon emissions today come from cement production, making it one of the highest-emitting industrial sectors, according to the consulting firm McKinsey. PREVIEW“Concrete is an essential building material,” said Claude Loréa, director of cement, innovation and ESG at the Global Cement and Concrete Association. About two thirds of the clinker emissions are released by the limestone when heated while the rest come from the combustion of fuels to create the heat. Increased efficiencyOne way the industry is looking to improve sustainability in cement production is by targeting efficiency gains. Cemex, one of the world’s largest cement producers, has been working with Switzerland-based Synhelion to produce clinker using solar energy rather than coal.

Persons: ”, Claude Loréa, Aidan O’Sullivan, ” O’Sullivan, Gianluca Ambrosetti, Christoph Beumelburg, Rick Fox, Fox, Partanna, Hurricane Dorian, Yusuf Khan Organizations: McKinsey, Sustainable Business, Global, Concrete Association, Carbon Re, International Energy Agency, IEA, Shell, National Basketball Association Locations: portland, Spain, Switzerland, Heidelberg, Brevik, Norway, Bergen, “, Delaware, Bahamas, Vegas, yusuf.khan

In climate negotiations, "loss and damage" refers to existing costs incurred from climate-fueled weather impacts, such last year's devastating Pakistan flooding. The U.S. is part of a 24-country committee deciding how the fund will work before the COP28 climate summit in Dubai can officially adopt it this year. Both voted to approve new funding arrangements under the condition that the fund not be about liability for rich countries and compensation. Instead, both Washington and Brussels say the fund should be filled from myriad sources including industry taxes, philanthropic donations or other schemes. The world’s least developed nations want the fund to be limited to the neediest nations.

Persons: Akhtar Soomro, that's, ”, Sue Biniaz, Biniaz, Christina Chan, “, “ That’s, Avinash Persaud, Mia Mottley, Persaud, Dileimy Orzoco, Valerie Volcovici, Katy Daigle, Josie Kao Organizations: REUTERS, Rights, . State Department, Reuters, The, State Department, EU, Nonprofit, Thomson Locations: Sehwan, Pakistan, U.S, Washington, The U.S, Dubai, Dominican Republic, Paris, Brussels, China, Barbados, Philippines

☆ This startup is helping the ocean absorb more harmful carbon emissions
▼ + stars: | 2023-08-22 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

The ocean, often likened to the lungs of the planet, is the world's largest natural carbon sink. Now, companies such as Equatic, Captura, Running Tide and a startup called Ebb Carbon are using new technology to restore ocean chemistry and speed up its natural abilities. "We're restoring the balance in the ocean chemistry and enabling the ocean to absorb CO2 and convert it to a safe stable form," said Ben Tarbell, co-founder and CEO of Ebb Carbon. "Right now, there are very large voluntary carbon markets, large corporations willing to pay to remove carbon from the atmosphere to offset emissions in other parts of their business. In addition to Prelude, Ebb Carbon is backed by Evok Innovations, Congruent Ventures and Propeller.

Persons: it's, Ben Tarbell, Tarbell, Gabriel Kra, Lisa Rizzolo Organizations: Ebb, Ventures, Prelude Ventures, Evok, CNBC Locations: Sequim Bay, Washington

☆ Brilliant Planet: Growing and burying algae in the Sahara is the latest solution for the climate crisis
▼ + stars: | 2023-08-18 | by ( Tom Page | Thomas Page | ) edition.cnn.com time to read: +7 min

Algae absorbs atmospheric carbon dioxide and emits oxygen via photosynthesis, and has been doing so since before the first land plants ever existed. “Nature-based solutions are a great way of removing carbon,” Taylor told CNN, arguing that deserts are an under-utilized environment. Many carbon capture solutions have been proposed, the most headline-grabbing being direct air capture. “There are enormous desert regions in the country that might be converted for carbon capture and storage projects,” she added. courtesy Brilliant PlanetTaylor hopes the tangible, weighable algae flakes will make Brilliant Planet’s model attractive.

Persons: Adam Taylor, Taylor, “, ” Taylor, ”, You’re, Halldor Kolbeins, Fatna Ikrame El Fanne, El Fanne, Robert Höglund, Höglund, ” Höglund Organizations: CNN, US Department of Energy, Getty, Climate, “ Locations: London, Akhfenir, Morocco, Sahara, Reykjavik, Iceland, AFP, Climate Morocco, Namibia, Manhattan

☆ New study warns against risks of ‘time-traveling pathogens’
▼ + stars: | 2023-08-18 | by ( Ava Loomar | ) edition.cnn.com time to read: +8 min

Through tens of thousands of iterations, the study team tracked how the virus affected species diversity of a bacterial community. About 1% of the ancient viruses caused major disruptions to the digital ecosystems. The pathogen either increased diversity by up to 12% or, conversely, decreased species diversity by 32%. The role of carbon emissionsModern organisms, including humans, have few, if any, natural defense mechanisms for ancient pathogens. If ancient pathogens did somehow manage to escape, they would have trouble finding people to infect.

Persons: Giovanni Strona, Corey Bradshaw, Jean, Michel Claverie’s, Claverie, Bradshaw, ”, Strona, Kimberley Miner, Miner Organizations: CNN, Asahi Shimbun, NASA, Marseille University School of Medicine, Laboratory, Flinders University, Commission’s, Research, NASA Jet Propulsion Laboratory Locations: Greenland, Alaska, Siberia, Tibetan, Canada, Barrow , Alaska, Aix, Australia, Pasadena , California

☆ Top Buffett stock bulks ups its carbon capture business as demand grows for this technology
▼ + stars: | 2023-08-16 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Occidental, which is a top holding of Warren Buffett 's Berkshire Hathaway , is one of a handful of companies eyeing the capture, use and storage of carbon as a long-term business venture. The company expects to align the Canadian air capture company with the work of 1PointFive, the Occidental-owned business already working on the technology. Bilson said the acquisition should help speed up Occidental's timeline for releasing a global carbon removal offering. Wall Street firms are also watching a handful of other companies such as Baker Hughes , Weyerhaeuser and Bloom Energy as potential winners amid the growing focus on carbon technology. Interested in learning more about carbon capture and the major stocks in the space?

Persons: Warren Buffett, Berkshire Hathaway, Gordon Haskett, Don Bilson, Bilson, CCUS, Wood MacKenzie, Goldman Sachs, Baker Hughes Organizations: Occidental Petroleum, Carbon Engineering, Occidental, Wall, Weyerhaeuser, Bloom Energy, CNBC Pro Locations: America, Occidental

☆ The US government will hand out up to $1.2 billion for companies to suck greenhouse gases out of the air
▼ + stars: | 2023-08-11 | by ( Grace Eliza Goodwin | Marianne Guenot | ) www.businessinsider.com time to read: +3 min

Once built, facilities in Texas and Louisiana will suck carbon dioxide pollution from the air. Removing greenhouse gases from the atmosphere is crucial to reversing the effects of climate change. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. How direct air capture differs from carbon capture technologyUnlike carbon capture technology, which captures carbon as its being produced by a facility before it reaches the atmosphere, direct air capture acts like a giant air purifier, separating carbon that is already in the air and pumping it underground or into rocks for permanent storage. The Texas site believes it could store up to 3 billion metric tons of CO 2 in saline formations under the hub.

Persons: Biden, Energy Jennifer Granholm, Granholm, Harris, Joe Biden Organizations: Service, Biden Administration, US Department of Energy, DOE, Energy, South, South Texas DAC, Infrastructure Law, DAC, Clean, Biden Locations: Texas, Louisiana, Cypress, Calcasieu Parish , Louisiana, South Texas, Kleberg County , Texas

☆ Occidental and Climeworks big winners as Biden allocates billions for CO2 removal
▼ + stars: | 2023-08-11 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

The money from the Bipartisan Infrastructure Law will now help fund two DAC hub projects, one in Texas and one in Louisiana. They will eventually remove more carbon per year than all of the current projects combined. Climeworks, based in Zurich, Switzerland, currently has the world's largest DAC plant in Iceland, which removes about 4,000 tons of CO2 per year. The DAC Hubs program is a vital investment for DAC to reach climate impact at scale," said Andrew Fishbein, senior climate policy manager for Climeworks. Heirloom is a California-based startup that is using limestone to remove carbon from the air.

Persons: Jennifer Granholm, Vicki Hollub, Andrew Fishbein Organizations: U.S . Department of Energy, Law, of Energy, Occidental Petroleum, Biden, Department, DAC, Breakthrough Energy, Microsoft Locations: Texas, Louisiana, U.S, Corpus Christi, United States, The Louisiana, Zurich, Switzerland, Iceland, California, Paris

That includes a $35 million government procurement program for carbon removal credits, and funding for 14 feasibility studies and 5 engineering and design studies for earlier-stage hub projects. Worsening climate change and inadequate efforts to cut emissions have thrust carbon removal into the spotlight. Although most environmental activists acknowledge that carbon removal will be needed for global climate targets to be met, they are concerned companies could use carbon removal development to give fossil fuel companies cover to maintain production, especially in minority and low-income areas. Erin Burns, director of carbon removal advisory firm Carbon180, said the United States is positioning itself as a leader in this technology. "This is the first major federal investment from any country on carbon removal at this level," Burns said.

Persons: Worley, Jennifer Granholm, Vicki Hollub, Erin Burns, Carbon180, Burns, Valerie Volcovici, Gerry Doyle Organizations: Reuters, REUTERS, Occidental Petroleum Corp, WASHINGTON, U.S . Department of Energy, Department of Energy, DOE, Battelle, Climeworks Corporation, Carbon, Inc, South, South Texas DAC, Occidental 1PointFive, Carbon Engineering Ltd, DAC, Energy Department, United Arab, Occidental, Thomson Locations: Handout, Texas, Louisiana, Cypress, South Texas, Kleberg County , Texas, United Arab Emirates, United States

Poland's government, which faces October elections, is even suing Brussels over climate policies. Britain has already quickly gone from being a leader on the world stage to looking quite weak on green policies, he said. CITIZENS, BUSINESSESEurope's green policies are still more credible than U.S. ones, given see-sawing between electoral cycles in the United States, some analysts said. Rows over green policies have propelled right-wing populist parties to second place in both Dutch and German polls. "Otherwise citizens might start to feel that climate policy is always financially overwhelming and bad, and that sentiment is then exploited by populists."

Persons: Timm Reichert, Virginijus Sinkevicius, Sinkevicius, Anna Moskwa, Nathalie Tocci, Mats Engström, GREEN, Bob Ward, Ward, Rishi Sunak, Rob Jetten, Nina Scheer, Simone Tagliapietra, Tagliapietra, Kate Abnett, Sarah Marsh, Gloria Dickie, Anthony Deutsch, Angelo Amante, Pawel, Susanna Twidale, William James, Alexnder Smith Organizations: REUTERS, European Union, Reuters, European People's Party, European Council, Foreign, United States, Grantham Research, London School of Economics, Political, Climate, Energy, Democrats, Thomson Locations: Gruenberg, Germany, EU, BERLIN, BRUSSELS, Netherlands, Brussels, Europe, United States, Grantham, India, China, Britain, Berlin, London, Amsterdam, Rome, Warsaw

☆ Canadian wildfire emissions double previous record as flames rage on
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +3 min

The estimated Canadian fires emissions account for over 25% of the global total for 2023 to date, and are well above the previous Canadian record of 138 million tonnes registered in 2014, Copernicus said on Thursday. This year's wildfire season is also the worst on record for area burned, with about 131,000 square kilometres (50,579 square miles) already scorched across eastern and western Canada. Wildfire smoke is linked to higher rates of heart attacks, strokes, and more visits to emergency rooms for respiratory conditions. It's estimated that Canada's northern boreal forest stores more than 200 billion tonnes of carbon — equivalent to several decades worth of global carbon emissions. The carbon released is roughly equivalent to Indonesia's annual carbon dioxide emissions from the burning of fossil fuels.

Persons: Jesse Winter, Copernicus, Mark Parrington, Ismail Shakil, Aurora Ellis Organizations: REUTERS, OTTAWA, Atmospheric Monitoring Service, Canadian Interagency Forest Fire, New, Thomson Locations: Canada, U.S, Washington, Osoyoos, British Columbia, Greece, New York City, Toronto, Ottawa

☆ Sustainable Aviation Fuel Leader Talks Green Premiums and Impact of Tax Incentives
▼ + stars: | 2023-07-19 | by ( Dieter Holger | ) www.wsj.com time to read: +11 min

Many airlines, corporate fliers and governments see so-called sustainable aviation fuel, or SAF, as a way to reduce aviation’s contribution to global warming. It recently converted an oil refinery in California and is expanding its refineries in Singapore and Rotterdam. We worked on a former fossil-fuel refinery and converted that into a renewable refinery. The carbon footprint of aviation can be affected today from today’s SAF technology. It will continue to incentivize current SAF production, but it will be difficult to be the impetus for future production.

Persons: P, Chris Cooper, We’ve, we’ve, Neste, Dieter Holger Organizations: Aviation, International Energy Agency, International Council, Clean Transportation, SAF, Sustainable, Neste’s U.S, Airlines, International Air Transport Association, Neste, Bloomberg New Energy Finance Summit, Dallas Fort Worth International Airport, DHL, Amazon, Marathon Petroleum, Sustainable Business, today’s SAF, Air, dieter.holger Locations: California, Singapore, Rotterdam, U.S, Neste U.S, San Francisco, Dallas, City, Oakland, Air Canada, Alaska, American, Delta, Los Angeles, San Jose, Washington, York, New York, New Jersey, . Oregon

SAO PAULO, July 18 (Reuters) - An alternative investment vehicle controlled by French insurer AXA (AXAF.PA) said on Tuesday it will inject $49 million into reforestation projects in Brazil led by local startup Mombak. Mombak, which is also backed by Bain Capital, will lead projects to reforest over 10,000 hectares of degraded pastureland, generating up to 6 million carbon credits. "We are building the largest carbon removal projects in the world," Mombak co-founder Peter Fernandez said in an interview. "The single largest opportunity that humanity has to do reforestation is in Brazil." "We would like to significantly scale up our deployment in Brazil and other Amazon basin countries."

Persons: Mombak, Peter Fernandez, Fernandez, Adam Gibbon, Gabriel Araujo, Brad Haynes, Josie Kao Organizations: SAO PAULO, AXA, AXA IM Alts, Bain Capital, Greenpeace, Reuters, Thomson Locations: Brazil

Investment in the critical minerals pipeline grew by 20% in 2021 and by 30% in 2022, led by lithium, copper and nickel. Although prices of some critical minerals such as copper have eased over the last year due to recession in the "old economy", prices for most critical minerals remain well above historical averages as supply struggles to catch up with demand. Production trends for nickel and cobaltLIMITED DIVERSIFICATIONThere has been only limited success in diversifying the geographical sourcing of critical minerals in recent years, the IEA said. China, which already dominates lithium processing, accounts for half of the world's planned new lithium chemical plants. Moreover, China's move to control exports of gallium and germanium underlines the concentration of supply in a host of smaller, esoteric metals that feed into the critical minerals landscape.

Persons: China's, IRENA, David Evans, Mark Potter Organizations: International Energy Agency, Investment, IEA, International Renewable Energy Agency, Thomson, Reuters Locations: Canada, Australia, China, Indonesia, United States, Europe, South America

☆ Opinion | A Climate Hawk’s Issues With Electric Vehicles
▼ + stars: | 2023-07-14 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

I get why the Biden administration is pushing electric vehicles so hard. To stop the planet from overheating, we’ll eventually need motor vehicles to produce zero greenhouse gas emissions, and only fully electric vehicles can do that. Hybrids, which have combustion engines along with electric motors, will always puff some carbon dioxide (and other bad stuff) out of their tailpipes. By Toyota’s calculation, the amount of rocks needed for one long-range electric vehicle would be enough for either six plug-in hybrids or 90 of the type of hybrid that can’t be plugged in for a recharge. “The overall carbon reduction of those 90 hybrids over their lifetimes is 37 times as much as a single battery electric vehicle,” Toyota argues.

Persons: Biden, there’s, Toyota, That’s Organizations: Toyota

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