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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.)

Carbon 150
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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.

Clean 429
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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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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 development of an international hydrogen market could also accelerate adoption.

Gas 243
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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.

Climate 144
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International study identifies 14 key measures to reduce methane and black carbon emissions; reduction in projected global mean warming of ~0.5 °C by 2050

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Circle areas are proportional to values for (A and B) climate change, (C and D) human health (values for population over age 30), and (E and F) agriculture. Black carbon, a product of burning fossil fuels or biomass such as wood or dung, can worsen a number of respiratory and cardiovascular diseases. Source: Shindell et al.

Carbon 257
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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

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Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.