Empati’s Post

Interesting analysis from the Rhodium Group (funded by Climeworks) showing which states have the best potential for direct air carbon capture (#DAC) facilities based on their geologic storage potential, #CO2 transport infrastructure and renewable power availability. Surprisingly, they find that nearly all states have the potential to deploy at least one DAC facility, with Texas, Iowa, Louisiana, Nebraska and Oklahoma showing the greatest initial potential. #sustainability #energytransition #IRA #carbon #decarbonization #decarbonisation #carboncapture #ccs #ccus #carbonremoval #directaircapture

Experts agree that carbon capture technology will play a vital role in decarbonizing a variety of industrial activities – including power generation. Get the facts on how it works:

Carbon markets play an important role in aligning resources to achieve our global climate, energy security and affordability goals. International Energy Forum released a new report - The Role of Carbon Markets in Transitions. The report reviews the state of play in both mandatory compliance markets, and the rapidly emerging voluntary carbon market (VCM). It also highlights the significant potential for carbon markets to generate investment for carbon capture, utilization, and storage (CCUS) technologies. Well done Ali Alsamawi Author Joe McMonigle IEF - International Energy Forum #decarbonisation #carbonmarket

BloombergNEF 𝗣𝗶𝗼𝗻𝗲𝗲𝗿𝘀 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻 The BloombergNEF (BNEF) is inviting all early-stage #companies and #innovative projects for its Pioneers Program to address #netzero challenges that each with the potential to accelerate global #decarbonization and halt climate change. Pioneers can be innovators serving the #energy, #transport, #materials, #manufacturing, #consumer and #agriculture sectors, or providers of #solutions and #technologies that help increase understanding of the climate, scale carbon capture, utilization and storage (#CCUS), and promote #climate adaption. Applications for the #competition opened on October 2, 2023 and will close on October 27, 2023. While we welcome #applications that demonstrate climate-tech innovations of all types, we have chosen three specific #challenges to focus on in 2024. 🔵 Challenge 1: Relieving bottlenecks in the deployment of clean power 🔵 Challenge 2: Decarbonizing the construction and operation of buildings 🔵 Challenge 3: Creating the next generation of net-zero fuels 🔵 Wildcards Applicants can be any one of the below: 🔹 Early-stage companies 🔹 Pilot projects and joint ventures 🔹 NGOs, laboratories and innovation communities Applicants are judged on three fundamental criteria: 🔺Potential impact 🔺 Innovation 🔺 Likelihood of adoption You can read the details from the below link:

The #carbonmarket plays a crucial role in addressing climate change by providing economic incentives for reducing greenhouse gas emissions. Here are some key points highlighting its importance: #EconomicEfficiency: The carbon market creates a market-based mechanism where companies and entities can buy and sell carbon credits. This incentivizes businesses to find the most cost-effective ways to reduce emissions, leading to greater efficiency in emission reduction efforts. #EmissionsReduction: By putting a price on carbon emissions, the carbon market encourages industries to invest in cleaner technologies and practices. This leads to a significant reduction in greenhouse gas emissions over time, contributing to global efforts to combat climate change. #Innovation and #Investment: The existence of a carbon market stimulates innovation in low-carbon technologies and encourages investment in sustainable projects. Companies are incentivized to develop and implement solutions that reduce emissions, driving progress towards a greener economy. #GlobalCooperation: Carbon markets facilitate international cooperation in addressing climate change. They allow countries to meet their emission reduction targets more efficiently by trading carbon credits, promoting collaboration and knowledge sharing on a global scale. #RevenueGeneration: Participating in a carbon market can generate revenue for governments or organizations through the sale of carbon credits. This revenue can be reinvested in further climate mitigation and adaptation efforts, creating a positive feedback loop for sustainability. #Compliance and #Accountability: Carbon markets help ensure that companies and countries meet their emission reduction commitments. Through a transparent trading system, emissions are monitored, reported, and verified, enhancing accountability and environmental integrity. #Transition to a #LowCarbonEconomy: The carbon market plays a pivotal role in transitioning to a low-carbon economy. It encourages a shift away from fossil fuel dependency towards renewable energy sources and sustainable practices, fostering long-term environmental sustainability. Overall, the carbon market serves as a crucial tool in the fight against climate change, promoting economic growth, innovation, and global cooperation towards a more sustainable future.

In the global shift towards sustainability, carbon markets play a pivotal role in driving environmental progress. By placing a financial value on carbon emissions, these markets incentivize organizations to reduce their carbon footprint and invest in cleaner technologies. Through the trading of carbon credits, companies can offset their emissions and contribute to the fight against climate change. The carbon market acts as a catalyst for innovation, encouraging businesses to adopt greener practices and transition towards a low-carbon economy. Embracing carbon markets is essential for a sustainable future, where economic growth coexists harmoniously with environmental responsibility. #CarbonMarket #Sustainability #GreenTransition

Verra has opened a public consultation on draft versions of tools and modules that are intended for use under the Methodology Framework for Carbon Capture and Storage (CCS) in the Verified Carbon Standard (VCS) Program. These modules and tools expand the types of eligible carbon capture activities, differentiate carbon dioxide removals from emission reductions in projects with both types of mitigation impacts, and allow emissions accounting in collaborative CCS hubs where VCS projects include only a portion of the captured carbon. Once finalized, the framework, along with related modules and tools, will be the first global methodology that allows and encourages collaborative CCS hubs and shared infrastructure for the efficient and scalable deployment of multiple CCS technologies. The Methodology Framework for Carbon Capture and Storage has been developed by the CCS+ initiative. The consultation will run through April 15, 2024. https://bit.ly/3OZ8syX #CarbonMarkets #CarbonCredits #CarbonCapture #ClimateChange #Verra

Tackling #ClimateChange requires ambitious action from the corporate sector. That's why Pivot Energy has elected to set a science-based target, which holds us accountable for helping accelerate the clean energy transition and enabling a low-carbon future. Read more about what these targets mean in the link below, and be sure to follow Pivot Energy to learn what it means to us. #ScienceBasedTargets. @ScienceTargets https://hubs.li/Q02xl2D20

Digital capabilities are revolutionizing the hydropower sector. Predictive maintenance and water inflow forecasts could potentially increase annual generation by 11% and reduce costs. Explore this transformative potential in our research brief: https://deloi.tt/3WoFWeC #GreenSpaceTech #OperateWithDeloitte #SustainableEnergy