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Microsoft Expands Carbon Removal Efforts with UNDO's Enhanced Rock Weathering

Microsoft has strengthened its commitment to carbon removal by partnering with UNDO, a company specializing in enhanced rock weathering (ERW), to remove 15,000 tonnes of CO2. This deal builds on a 2023 agreement between the two organizations, which removed 5,000 tonnes of CO2 by spreading crushed basalt on UK agricultural land. Under the new arrangement, UNDO will spread 65,000 tonnes of crushed basalt and wollastonite across farmland in the UK and Canada, facilitating CO2 absorption through natural soil and plant processes. Alongside carbon capture, the project aims to improve soil quality and fund crucial research on ERW’s scalability, focusing on measurement, reporting, and verification (MRV). Microsoft, committed to being carbon-negative by 2030, views this partnership as a key part of its broader strategy, which includes diverse carbon removal technologies like direct air capture and biochar. UNDO’s innovative approach offers significant potential for scalable and permanent carbon removal solutions.

Pioneering CO2 Storage: Total Energies, Shell, and Equinor Launch World's First Commercial Carbon Capture Project in Norway

The Northern Lights joint venture, a collaboration between TotalEnergies, Shell, and Equinor, has completed the world’s first commercial CO2 transportation and storage project in Norway. This landmark project is designed to capture and store carbon emissions from hard-to-abate industries across Europe, marking a significant advancement in global decarbonization efforts. Launched in late 2020 as part of Norway's Longship carbon capture and storage (CCS) initiative, Northern Lights includes a terminal for receiving liquid CO2, a 100 km subsea pipeline, and storage facilities located 2,600 meters below the seabed. The first phase of the project can transport and store 1.5 million tons of CO2 annually, with plans to expand capacity to over 5 million tons per year. The project's first CO2 injection is expected in 2025. This milestone, supported by the Norwegian government, establishes a critical CCS value chain for reducing industrial emissions in line with the Paris Agreement targets.

EU to Introduce Standardized Carbon Labels for Flights

The European Commission has proposed a new initiative, the EU Flight Emissions Label (FEL), aimed at offering passengers clear information on the carbon emissions of their flights. Part of the broader ReFuelEU Aviation regulations, the FEL will standardize how flight emissions are calculated, addressing current discrepancies across airlines. Passengers will see this information when booking flights within or departing from the EU, enabling them to make more environmentally conscious decisions. With only 5% of passengers currently having access to emissions data, despite high demand for it, the FEL will include factors like aircraft type, passenger load, and fuel used. The initiative is voluntary for airlines starting in 2025, and a dedicated website will allow public comparison of emissions across airlines. This move aims to combat greenwashing and promote cleaner operations by rewarding airlines that invest in sustainable practices, fostering competition towards lower emissions in the aviation sector.

Siemens Unveils Innovative Building Decarbonization Solution

Siemens launches a new Building Decarbonization Solution to help reduce emissions and energy costs, enabling smarter, sustainable buildings for a low-carbon future.

Urgent Call to Action: UNEP FI Urges Governments to Address Systemic Climate Risk

UNEP FI urges governments to urgently tackle systemic climate risks, emphasizing the need for robust regulations and collaboration to protect economies and promote sustainable finance.

Global Solar Power Surges as Costs Plummet, Set to Overtake Coal by 2024

Global solar power is set to surpass coal by 2024 as costs plummet. This shift marks a pivotal move toward cleaner energy and sustainability worldwide.

SBTi Enhances Corporate Net-Zero Standard to Refine Emission Neutralization

The SBTi has updated its corporate net-zero standard, emphasizing genuine emissions reductions over offsetting, and enhancing transparency and accountability for companies' climate actions.

BlackRock, Microsoft, and GIP Unite to Launch $100 Billion Investment Fund for AI, Energy Infrastructure, and Sustainability

BlackRock, Microsoft, and GIP have formed a partnership to raise $100 billion for investments in AI, energy infrastructure, and sustainability, aiming to drive transformative change.

Tata Power to Invest $9 Billion in Renewable Energy Expansion

Tata Power plans to invest $9 billion to add 15 GW of renewable energy by 2030, reinforcing its commitment to India's clean energy goals and sustainability efforts.

EU Energy Report: GHG Emissions Down 32.55% Since 1990, While Economy Grew by 67%

Worldly Debuts Product Impact Calculator to Simplify Scope 3 Emissions Reporting for the Consumer Goods Industry

Brookfield commits up to $1.1 billion in funding to Infinium to accelerate the production of sustainable fuels at scale.