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Occidental to acquire direct air capture technology company Carbon Engineering for $1.1B

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Occidental announced that a wholly owned subsidiary— 1PointFive —has entered into a definitive purchase agreement to acquire all the outstanding equity of Carbon Engineering Ltd. (CE) Occidental has been working with Carbon Engineering on direct air capture (DAC) deployment since 2019. Earlier post.) Earlier post.)

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RUSAL opens new low-carbon aluminum smelter in Taishet

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Russia-based RUSAL, a global aluminum producer, opened the first phase of its low-carbon aluminum production plant, Taishet Aluminum Smelter (TaAZ), in Taishet, Siberia. TaAZ is the third low-carbon aluminum smelter to be built by RUSAL, with an overall cost of more than $1.69 Pre-operation verifications and testing have begun.

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Study finds climate impact of hydropower varies widely

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earlier post ), a new study by a team at Environmental Defense Fund finds that the climate impact of hydropower facilities varies widely throughout the world and over time, with some facilities emitting more greenhouse gases than those burning fossil fuels. They also estimated emissions caused by flooding the reservoir.

Climate 207
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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

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In the report, Deloitte uses clean hydrogen to encompass both green hydrogen— produced from renewable electricity via electrolysis—and blue hydrogen—produced via natural gas coupled with carbon capture and storage. Overall, this outlook shows clean hydrogen delivering crucial carbon emission reductions.

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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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However, the resulting low gas prices, as well as clean air and climate policies, will promote further switching to gas from other more polluting energy sources, such as oil and coal. Low-carbon gas. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas.

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Climate Expert: Don't Call It Geoengineering

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The leaders of the world have just returned from the UN's latest climate change summit, COP26 , in which the countries that have signed on to the Paris Agreement upped their commitments to fight climate change. C by the year 2100 , according to Climate Action Tracker. C above pre-industrial levels. C above pre-industrial levels.

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Carnegie study finds climate impact of particulates varies greatly depending on where the pollution originated

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However, while greenhouse gases cause warming by trapping heat in the atmosphere, some aerosols can have a cooling effect on the climate because the aerosol particles cause more of the sun’s light to be reflected away from the planet. In many cases, the strongest climate effects of aerosols are felt far from where the aerosols are emitted.

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