Carbon sequestration

DEFINITION: The long-term capture and storage of carbon dioxide from the atmosphere in carbon sinks such as oceans, forests or soils to mitigate global warming and avoid dangerous climate change. A classic example is the during the photosynthesis of trees and plants, which absorb carbon dioxide and produce oxygen.

See also: Carbon capture and storage (CCS)

 

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While climate tech still only accounts for 6% of the venture capital market, it’s representation has grown by more than 3750% in absolute terms since 2013

Climate technology investments growing five times faster than average market rates

Venture capital investment into climate-related technology is growing five times faster than the average rate of all other industry investments, with new analysis from PwC finding that corporate and investor demands for low-carbon innovation led to $16bn being invested in 2019.

The global cement industry is estimated to account for 6-7% of man-made greenhouse gas (GHG) emissions annually

World's largest cement manufacturer commits to science-based targets and net-zero pathway

The world's largest cement manufacturer, LafargeHolcim, has committed to becoming the first global building materials company to have targets approved by the Science Based Targets initiative (SBTi).

Amazon will look to engage other Climate Pledge signatories in the investment programme moving forward

Carbon capture and EVs: Amazon unveils first beneficiaries of $2bn climate fund

Amazon has announced the first beneficiaries of its $2bn Climate Pledge Fund, with organisations developing carbon removal technologies, nature-based carbon markets and electric vehicle (EV) innovations set to benefit.

The whitepaper notes that the UK’s future energy system will have to be supported by technologies still in their infancy - carbon capture and storage (CCS), energy storage and hydrogen production

UK slipping behind on build rate required for net-zero target

The UK is achieving less than half of the required build rate to deliver energy systems that will reach net-zero emissions by 2050, according to a new whitepaper from engineering consultancy Atkins.

The emissions footprint of Unilever's laundry and cleaning products will be cut by 20% as a result of the changes.

Clean Future: Unilever to remove fossil-fuel-based carbon from cleaning products by 2030

Unilever has unveiled plans to replace 100% of the carbon derived from fossil fuels in its cleaning and laundry products with captured, natural and recycled carbon within a decade.

The global cement industry is estimated to account for 6-7% of man-made greenhouse gas (GHG) emissions annually

Manufacturers aim for carbon-neutral cement by 2050

A group of the world's leading producers of cement have issued a new industry commitment to deliver carbon-neutral concrete by 2050.

Almost three-quarters of a million jobs have been lost in the UK as a result of the coronavirus pandemic

Transition Agreements: Companies urged to future-proof job security as part of net-zero disruption

Companies should make Transition Agreements with existing unions to ensure that job security, training and potential redeployment are covered as part of the UK's net-zero transition.

The assessment report highlights both policy and technical risks to deploying “dispersed” CCS, notably a lack of viable transportation methods

UK's CCS deployment lacking 'comprehensive' planning on non-cluster sites

The UK's net-zero transition is lacking a "comprehensive regulatory framework" to overcome challenges to "dispersed" sites that would be suitable for carbon capture technology (CCS) but that aren't located in industrial clusters.

Currently, around 95% of global hydrogen production comes from fossil fuel feedstocks

Hydrogen deployment could deliver 75,000 jobs and £18bn boon for UK economy

Utilising hydrogen production could generate £18bn for the UK economy and support more than 75,000 jobs over the next 15 years, according to a taskforce backed by the likes of Shell and BP.

Currently, around 95% of global hydrogen production comes from fossil fuel feedstocks

Government urged to ramp up hydrogen spending through national strategy

The Environmental Audit Committee (EAC) had called on the Government to implement a Hydrogen Strategy to assist in decarbonising carbon-intensive sectors, in the same week that the National Grid announced plans to build a new hydrogen testing facility.

The IEA is forecasting an 8% year-on-year decline in coal generation - but government recovery plans could result in the coal sector rebounding

Report: Governments collectively failing to deliver net-zero-aligned coal phase-out

Coal accounted for 40% of carbon emissions from energy use last year and this trend is unlikely to be stopped by existing commitments from national governments - including so-called 'green' Covid-19 recovery strategies.

The ESO said last year that the grid would be ready for net-zero by 2025

National Grid: UK's electricity system could go carbon-negative from 2033

The operating firm for National Grid is predicting that the UK's electricity grid could capture, offset or absorb more carbon than it emits by as early as 2033, if efforts to scale up renewable energy generation and carbon capture technologies are accelerated.

The IEA recently warned that the Covid-19 crisis could slow progress on low-carbon technology and widen progress gaps between sub-sectors

IEA: Most technologies needed to achieve net-zero aren't yet mature

Some 75% of the emissions reductions necessary to meet net-zero are dependent on technologies which have not yet reached commercial maturity, new analysis from the International Energy Agency (IEA) has found.

Equinor is aiming to deliver a final investment decision on the plant in 2023, with production set to commence in 2026

Equinor to deliver world's largest at-scale hydrogen from carbon capture plant in Hull

Equinor has unveiled plans to develop the world's largest plant capable of converting natural gas to hydrogen in combination with carbon capture and storage (CCUS), as part of the zero-carbon industrial hub located in the Humber region.

The array will be piloted for 12 months. Image: Drax Group

Drax partners with Mitsubishi to scale up biomass carbon capture

Drax Group has confirmed plans to install a new carbon capture and storage (CCS) array at its biomass power station in North Yorkshire this year, as part of a partnership with Mitsubishi's Heavy Industries arm.

Solar panel installation, Tetra Pak site. Image: Tetra Pak

Tetra Pak targets net-zero value chain by 2050

Packaging firm Tetra Pak has today (11 June) committed to reaching net-zero greenhouse gas (GHG) emissions across its operations by 2030, with a longer-term target to achieve a net-zero emissions value chain by 2050.

Ofgem is due to make a decision on gas network investment in July.

UK's gas networks call for £900m investment into zero-carbon infrastructure

Britain's five gas networks companies have today outlined plans to spend more than £900m on zero-carbon energy infrastructure and hydrogen deployment across the UK, subject to Government approval on funding.

The report estimates that lower prices, falling energy demand and increased cases of non-payments of bills will set energy revenues falling by more than $1trn in 2020

IEA: Coronavirus to cause largest ever drop in global energy investment

The world is on course to witness the largest ever drop in investment in global energy, with the coronavirus pandemic set to restrict spending across renewables, gas, fossil fuels and cleantech.

The partners hope the project can be replicated internationally

Copenhagen Airport spearheads green hydrogen project for transport fuel

Renewable energy company Ørsted and Copenhagen Airport are amongst the consortium of businesses aiming to develop a hydrogen and sustainable transport fuel facility in the heart of the Danish capital.

Plans are now in place to install CCS technologies at the VPI combined heat and power (CHP) plant

Zero-carbon Humber cluster to rollout carbon capture and hydrogen production

Plans to create the world's first zero-carbon industrial cluster in the Humber region reached another milestone this week, as Phillips 66 and Uniper signed an agreement to deploy a carbon capture and storage (CCUS) and hydrogen production facility.

The report states that the global transition would impact every economy, while severely changing business models and societal habits

McKinsey: Reaching 1.5C a ‘daunting’ and unparalleled transition for all sectors

The global transition to limiting global temperature increases to 1.5C by 2050 has been labelled as a "daunting task", that would require unprecedented levels of decarbonisation for key sectors, with the world currently on course to exceed its carbon budget by 2031.

UK Research and Innovation (UKRI) announced late last week that the Humber project’s application for phase one funding via an Industrial Strategy Challenge Fund has been approved

First funding phase approved for Humber net-zero industrial cluster

Plans to develop the world's first zero-carbon industrial cluster in the Humber region have been boosted after leading energy companies joined an existing consortium of project partners in the same week that Government funding was secured for the project.

The researchers do note that smaller-scale technologies won’t reach net-zero emissions by mid-Century in isolation and may have to be combined with larger-scale solutions

Prioritise Small-scale technology to deliver affordable net-zero transition, researchers claim

A new study has warned of focusing on "politically seductive" large-scale solutions such as nuclear and carbon capture and storage (CCS), noting that more granular solutions like energy storage, solar and heat pumps can be mass deployed at an affordable cost to enable a quicker net-zero transition.

The North West cluster could deliver 33,000 jobs. Image:Manchester Metropolitan University

Upskilling roadmap set up to decarbonise North West industrial cluster

An energy and hydrogen cluster set to be developed in the North West has pledged to create a roadmap to combat existing skills gaps for the low-carbon transition, as part of wider government plans to fully decarbonise industrial clusters in the UK.

The Budget sets the building block for natural and technological climate solutions, but the hard yards are ahead to reach net-zero

Does the Budget put the UK on course for net-zero emissions?

Chancellor Rishi Sunak's first Budget was brimming with green funding for natural climate solutions and carbon capture and storage (CCS), but key spending reviews and strategies on the horizon will clarify whether these will act as the launchpad for a net-zero carbon economy.

Forestry growth and rapid deployment of renewables could put the UK on course for its net-zero target

UK's net-zero target possible with 'unprecedented' low-carbon innovation

Reaching net-zero emissions in the UK by 2050 is possible but would require "unprecedented innovation across the economy" that could see electricity generation triple, hydrogen generation grow exponentially and land use to be radically overhauled across the country.

CLG Europe is calling for clarity and direction on a plethora of low-carbon innovations

Corporate leaders want decarbonisation as central focus for Europe's Industrial Strategy

Business giants including Unilever, Interface, and Coca-Cola have called for the new European Industrial Strategy to focus heavily on decarbonisation in a way that sets out clear strategies for investment into low-carbon solutions and provides price incentives for new goods and services.

The project could become operational during the mid-2020s

Oil and gas giants sign up to Teesside net-zero carbon capture project

BP, Eni, Equinor, Shell and Total have all signed up to spearhead the development of the Net-Zero Teesside project that aims to develop the UK's first decarbonised industrial cluster through the use of carbon capture, utilisation and storage technology (CCUS).

Drax announced its ambitions to become carbon negative by 2030 at the UN's COP25 summit in December last year

Drax to end coal generation in 2021

Drax has announced plans to end commercial coal generation at its coal-fired power station in North Yorkshire in 2021 - ahead of the UK's 2025 deadline - in a move expected to cost up to £35m and lead to job reductions off at least 200.

In 2019, Heathrow had around 80 million passengers board flights at the airport 

Heathrow commits to becoming zero-carbon airport by mid-2030s

Heathrow Airport has announced its intention to become a zero-carbon airport by the mid-2030s, after reaching carbon-neutral status for its buildings and infrastructure today (21 February).

Burberry has set a targeted 30% absolute reduction in scope 3 emissions by 2030. 

Burberry introduces carbon 'insetting' fund

Luxury fashion firm Burberry will create a "regeneration fund" to support a new portfolio of "carbon insetting projects" that aim to deliver regenerative agriculture practices across its supply chain - a move that will see its Autumn/Winter 2020 runway show at London Fashion Week become carbon-neutral.

Johnson’s preference to fill the Treasury with his own advisors suggests that he seeks more control over the spending decisions.

Cabinet reshuffle: Is the promised 'green budget' in doubt?

Earlier this week Chancellor Sajid Javid was said to be reviewing a string of new subsidies to assist with the UK's net-zero transition. With Javid today (13 February) resigning from the position, doubts have been caused as to whether the UK Government can prioritise the green economy in the March Budget.

Power generation capacity may have to grow by 75% to account for additional demand

Sector coupling: Electrification of transport and buildings could slash emissions by 60%

Mass-Scale electrification of the transport, buildings and industrial sectors could enable Europe to reduce greenhouse gas emissions by 60% over the next 30 years, according to a new report published today by research company BloombergNEF (BNEF).

The report highlights the potential environmental impact of scaling up biomass supply chains

Report: UK Government's net-zero plans 'over-reliant' on biomass and carbon capture

The UK Government is over-prioritising carbon capture, usage and storage (CCUS) and biomass in its net-zero plans and failing to account for the impact these technologies could have on land use.

Pictured L-R: Leigh Taylor from Econic Technologies, Energy Minister Kwasi Kwarteng and Drax's vice president for innovation, Jason Shipstone 

New CCUS project to turn biomass emissions into plastic products

Drax Group is set to pilot technology which will see carbon emissions captured from its biomass plant in Yorkshire and used to displace oil in the production of plastics.

Some businesses are now looking outside of their own operations to become 'carbon-negative' rather than 'net-zero'

Greenwashing 2.0? Defining what it means to be a 'net-zero' business

Net-zero emissions has been scientifically heralded as a necessity to reverse the worst impacts of climate change. But a flurry of recent business commitments to become 'carbon-negative' and 'resource-positive' raises a critical question: does achieving 'net-zero' actually constitute business leadership?

A Drax spokeswoman said the company’s ambition was to be removing, not adding carbon to the atmosphere, by 2030

UK sued for approving Europe's biggest gas power station

The UK government is being sued for approving a large new gas-fired power plant, overruling the climate change objections of its own planning authority.

Professor Mercedes Maroto-Valer. Image Heriot-Watt University

Industrial Decarbonisation Champion to steer £20m innovation centre for net-zero transition

Professor Mercedes Maroto-Valer has been appointed as an "Industrial Decarbonisation Champion" to oversee the development of a £20m research and innovation centre at Edinburgh's Heriot-Watt University that will drive the delivery of the UK's net-zero emissions target.

Pictured: AstraZeneca's R&D hub in China 

Ambition Zero Carbon: AstraZeneca targets carbon-negativity by 2030

Pharmaceutical giant AstraZeneca has pledged to become carbon-negative across its entire value chain by 2030, with an interim ambition of reaching net-zero operational carbon emissions from operations by 2025.

The UK will be required to build 9-12GW of energy generation capacity annually to reach the net-zero target

Urgent boost to offshore wind and CCS required for UK's net-zero target, report finds

The UK will need to facilitate a four-fold increase in low-carbon energy, including expanding offshore wind capacity by up to 75GW, in order to reach its net-zero emissions commitment for 2050.

Images: UNClimateChange Flickr

America's Pledge and Europe's Green Deal: What happened on days 8 & 9 of COP25?

COP25 - the UN's annual two-week-long climate summit - has entered its second week in Madrid. Here, edie rounds up all the key news and views from the last few days of the event.

CCUS incubation area, Drax Power Station, North Yorkshire

COP25: Drax to become carbon negative by 2030

UK energy company Drax will announce ambitions to become carbon negative by 2030 at the UN's COP25 climate summit in Madrid today (Tuesday, December 10).

The latest episode features five exclusive interviews

Sustainable Business Covered podcast: The Net-Zero November business relay

Episode 75 of the Sustainable Business Covered podcast lands during edie's Net-Zero November and delivers five exclusive interviews with energy and sustainability experts from the likes of National Trust, Costa and Yorkshire Water to discuss how businesses can transition to net-zero emissions.

EasyJet will also look to champion carbon capture technologies and sustainable aviation fuels in order to decarbonise its flights and operations. Image: EasyJet

EasyJet to offset all flight emissions, pushes for electric aircraft vision

EasyJet has become the first airline to operate net-zero flights, after agreeing to offset all emissions from fuel starting today (19 November) and will continue to work on rolling out electric aircraft in the future.

Heat currently accounts for 15% of the UK's annual greenhouse gas emissions

ENA calls for mandatory hydrogen boilers as CBI outlines new sustainability vision

Replacing existing gas boilers with hydrogen-ready devices should be mandatory when they reach the end of their life, the Energy Networks Association (ENA) has urged in its general election manifesto.

The report notes that decarbonisation through coal phase-outs can only be banked once

Report: annual 10% decarbonisation rate needed to meet UK's net-zero target

The UK will have to deliver annual carbon intensity reductions of 10% to meet its net-zero legislation for 2050, up from less than 4% currently, according to a new study from professional services firm PwC.

Yeo served as the Minister for the Environment and Countryside from 1993-1994; the Shadow Secretary for Environment and Transport from 2004-2005 and chair of the Energy and Climate Change Select Committee from 2010-2015. Image: Policy Exchange

Tim Yeo: We have to take cost risks on low-carbon projects

The urgency of the climate crisis means that the world cannot wait for a decade or more to find out whether emerging technologies - such as carbon capture and storage (CCS) - will work, the former chair of Parliament's energy and climate change committee has warned.

Drax believes the project could capture 15% of the UK's current annual carbon emissions

Plans for zero-carbon industrial hub fleshed out in new roadmap

Drax, Equinor and National Grid have published a new roadmap fleshing out their plans to create the world's first zero-carbon industrial hub in the Humber region by 2040.

Clarke was quizzed on net-zero timeframes, technology solutions and Brexit

Treasury's net-zero minister: Climate action will be a 'signature theme' of next government

Speaking exclusively to edie following the launch of its Net-Zero Review, HM Treasury minister Simon Clarke outlines the Government's plans to deliver on the legislation to reduce the UK's emissions to net-zero by 2050.

Grangemouth (pictured) is one of the key industrial clusters the Government is seeking to decarbonise

UK Government launches business fund to deliver net-zero industrial clusters

The UK Government has opened two innovation funds aimed at helping businesses plan and deploy technology to help reach net-zero emissions by 2050.

BP's chief executive Bob Dudley and group chief economist Spencer Dale on stage at the One Young World summit

BP chief: Alternative to 'polluter pays' carbon tax can help meet net-zero

BP's chief executive Bob Dudley and group chief economist Spencer Dale believe that regional carbon prices that don't just tax the producers will enable the oil and gas giant to join the global transition to net-zero emissions, but neither were convinced of when that would happen.

The new rail line and wood pellet loading bay with sawmill residues in view at Drax LaSalle BioEnergy. Image Drax

Drax launches sustainable biomass strategy

Drax has outlined how it will use the latest science and best practice to ensure that biomass use is sustainably sourced and not linked to deforestation, with the UK Governments former chief scientific adviser Sir John Beddington confirmed as chair of a new Independent Advisory Board (IAB).

To communicate its investment, Tennent's will be lighting the famous “big red T” in the signage of its Wellpark site in green, and using the green logo on a line of limited-edition pint glasses. Image: Tennent's.

Tennent's unveils £14m plan to eradicate plastics and carbon

Scottish brewer Tennent's has pledged to eradicate single-use plastics from its packaging by 2021 and to become carbon-neutral by 2025 - commitments it is backing with a €16m investment package.

Every week, edie rounds up the best innovations around

Massive wind turbines and microplastic weather forecasts: The best green innovations of the week

Every week, numerous eye-catching and potentially transformational innovations are being developed to help businesses and nations turn their green ambitions into actions. Here, we round up six of the best.

Total signs cleantech deal to produce hydrogen at refineries

French energy giant Total has signed a cooperation agreement with the Sunfire cleantech company to integrate capture waste heat and CO2 at a German refinery to create synthetic methanol and hydrogen to be used to reduce energy and transport emissions.

The company will also commit €1.5bn annually in net capital expenditure on onshore and offshore wind technology and solar photovoltaic and storage solutions

RWE to become carbon-neutral by 2040

German utilities giant RWE has unveiled a new strategy to transform itself into a carbon-neutral company by 2040 by funnelling billions into renewables projects, decommissioning existing coal-fired plants and backing carbon capture and storage technology.

A new report by Vivid Economics estimates that up to £20bn a year could be required for the UK to reach its net-zero target for 2050

Billions wanted: Report sets net-zero price as Siemens aims for £100bn green project pipeline

Technology firm Siemens has signed an agreement with a coalition of 94 local authority political leaders across the UK to help unlock green investment towards clean energy projects, as a new report warns that up to £20bn may be required annually to deliver the UK's net-zero commitment.