News

Making hydrogen from natural gas and storing carbon emissions in oil and gas reservoirs could be best bet for safe, economical low-carbon hydrogen, study says. About three dozen facilities around the world today capture carbon dioxide from power plants and factories and lock it away underground. They store 45 megatons of carbon dioxide a year. What we need to reach net-zero carbon emissions is to store at least 1 gigaton a year by 2030.

Hundreds of companies plan to achieve their climate goals using carbon credits to offset the emissions they can’t eliminate on their own. Soon there might not be enough of the credits to go around.

Projects meant to regenerate Australia’s outback forests to store carbon dioxide have been awarded millions of carbon credits – worth hundreds of millions of dollars – despite total tree and shrub cover in those areas having declined, a new analysis has found.

To date, carbon markets cover only a few geographies and select categories. Yet, they are already impacting how commodities are produced and traded.  Over the next decade, carbon credits will expand to cover all manner of reduction and avoidance technologies,  dramatically changing the commodities world. Low carbon alternatives to existing commodities will flourish and so will the circular economy.

By Jesper Berggreen  Published April 20, 2022 Since December of 2019, when Denmark wrote GHG reductions into national law, we have been waiting for the first draft of implementation. This week it was presented, and as usual some like it, and some do not. Danish national media outlet dr.dk reports a summary of the following details: “Companies that do not pay for their pollution in the EU quota system must pay DKK 750 ($109) per tonne of CO2 they emit. This applies to the vast majority of companies in the industry sector.