IEA calls for lower speed limits, car-free Sundays, and public transport incentives to slash oil demand

A number of the recommendations have implications for businesses. The group has recommended that where possible employees should work from home for up to three days a week, minimise business travel, and replace plane travel with high-speed trains. Speaking at a news conference, Birol warned the impacts of Russia’s invasion of Ukraine would be felt […]

New method for producing carbon fibre from petroleum residue – Cosmos Magazine

Materials made from carbon fibre are valuable because they are exceptionally strong while remaining lightweight. Now, researchers have come up with a way to make carbon fibre out of an ultra-cheap source: pitch. The carbon fibre produced from this method has advantages other than lower cost of manufacture over traditional carbon fibre, which are typically […]

Durum Capital joins Canadian carbon-fund fray | Wealth Professional

Canada’s transition to a low-carbon economy, combined with stricter environmental rules, has created a one-of-a-kind market opportunity for the acquisition and selling of carbon credits. Carbon credits equivalent to the quantity of carbon dioxide decreased or removed can be generated by creative enterprises that reduce or remove GHG from the atmosphere. These carbon credits can […]

Voluntary carbon credits market expected to increase 100 times by 2050 – Sunny Trinh | Kitco News

“The voluntary market is valued at about $1 billion this year, and the demand for voluntary carbon credits is expected to grow 15 times by 2030,” emphasized Sunny Trinh, CEO, DevvESG. “The idea behind carbon credits is sound, but there are major hurdles in producing carbon credits. Google has been buying them since 2012, and […]

Occidental signs four-year deal with jet-maker Airbus for carbon credits – MarketScreener

Occidental’s direct air capture facility has a goal of removing 1 million tonnes of CO2 from the atmosphere per year, equivalent to emissions from almost 200,000 cars. Airbus has pre-purchased the capture and permanent sequestration of 100,000 tonnes of CO2 from the atmosphere each year for four years, with an option to secure more volume […]

First Ever Tokenized Carbon Neutral Certification Completed by MetaVerse Green Exchange and BSI

Leveraging BSI’s methodology to accurately verify carbon neutrality, MVGX was able to offset its carbon footprint precisely using its Carbon Neutrality Token . Following its successful pilot to neutralise its own carbon emissions, MVGX’s Carbon Neutrality Management System is now available to all institutions looking to enhance their sustainability efforts and further their environmental, social […]

Elk Becomes the First Carbon Neutral Cross-chain Bridge – TechBullion

Very obviously, the environmental impact of cryptocurrencies is one of the flashpoints among regulators and the public about their adoption, which has created demand for transparency around the carbon footprint of individual blockchains. SPE, which was founded in early 2021, is a global environmental initiative registered in the U.K. This partnership, Will make it possible […]

Ontario’s plan to sell ‘clean energy’ credits doesn’t wash with environmental groups | CBC News

As Purcell sees it, the government’s plans for the revenue from selling the credits are central to the flaws. Purcell argues that making electricity cheaper through subsidies increases consumption. In January, Energy Minister Todd Smith assigned the province’s Independent Electricity System Operator to develop a plan. Under the government’s latest long-term energy plan, gas-fired power […]