20.10.2021

# Media

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Splash 247.com: K Line makes history with successful carbon capture at sea

"Carbon capture and storage at sea is now a thing following landmark trials onboard a Kawasaki Kisen Kaisha (K Line) coal carrier. Tokyo-headquartered K Line has been carrying out trials of a new contraption it has installed on a ship on charter to Tohoku Electric Power, which it developed in association with Mitsubishi Shipbuilding and ClassNK. The captured CO2 had a purity of more than 99.9%, which allows it potentially to be used in a wide range of applications, including chemical processes to enhance production of fertilizer or methanol, general use such as dry ice for cooling, and enhanced oil recovery to increase crude oil production."

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20.10.2021

# Projects

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Project: Puro.earth launches the Pre-CORC framework to unlock carbon removal scaling

"At Puro.earth, we aim to accelerate the pace of the voluntary carbon removal market by providing corporate buyers new ways to help grow the supply.That’s why today we launch the Pre-CORC Framework, a service to match early-stage high-quality carbon removal projects with corporate offtakers who want to secure their supply of negative emissions to fulfill net zero pledges."

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20.10.2021

# Media

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The Guardian: Drax dropped from index of green energy firms amid biomass doubts

"Drax has been booted from an investment index of clean energy companies as doubts over the sustainability of its wood-burning power plant begin to mount within the financial sector. "

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20.10.2021

# Media

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CTV News: B.C. facility aims to make vehicle fuel from carbon pulled out of the atmosphere

"VANCOUVER - The B.C. government, a First Nation in the Interior and a pair of Squamish-based companies are working together on a project that they say could revolutionize the transportation industry by all but eliminating its carbon dioxide emissions. The province is providing $2 million from its Innovative Clean Energy fund to support the engineering and design work for the project, which aims to be the world's first large-scale fuel production plant that uses carbon captured directly from the atmosphere."

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18.10.2021

# Media

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World Economic Forum: Why natural climate solutions are about much more than carbon

"The Intergovernmental Panel on Climate Change reports that 23% of greenhouse gas emissions come from land use and land-use change. Any credible pathway to net-zero must include ending deforestation and the degradation of natural ecosystems plus reducing emissions associated with agricultural production and food systems. In fact, most net-zero scenarios include significant “removals” of CO2 from the atmosphere via reforestation and ecosystem restoration.The way we use land will be doubly important over the next decade; not only because it has an impact on greenhouse gas emissions, but also because we need to offset emissions from sectors in which carbon reduction is more difficult and requires long-term technological transformation. The task of transforming the energy and land-use sectors in tandem will require supportive economic and social policy frameworks."

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18.10.2021

# Media

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Fast Company: This startup is using sunlight and captured CO2 to make jet fuel

"In a field in the desert next to a freeway in Tucson, Arizona, the sun beams down on a large mirror in a research park, powering a small reactor nearby. Inside that reactor, captured carbon dioxide is being transformed into synthetic jet fuel."

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18.10.2021

# Media

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The Economic Times: Global carbon capture projects surge 50% in 9 months -research

"Global plans to build carbon capture and storage (CCS) plants have mushroomed over the last nine months as governments and companies accelerate the hunt for ways to cut emissions and curb global warming by mid-century, a think tank said on Tuesday."

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18.10.2021

# Media

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Video: Can we remove carbon from the atmosphere? (True Planet)

"There is no ‘magic’ technology to solve climate change, says Professor Cameron Hepburn, Director and Professor of Environmental Economics at Oxford’s Smith School and director of the university’s Economics of Sustainability programme. ‘I wish there were,’ he says. ‘But we have to use all the existing tricks we have in the book as fast as possible to reduce emissions.’ Professor Hepburn emphasises there are some really interesting new technologies – and he thinks we should work to scale these up. In the meantime, he says, we already have some very old technology – the humble tree, which has been doing an important job for millennia – and is making a real contribution to reducing climate change. But Professor Hepburn says that right now, far from rewilding and restoring our ecosystems, we are deforesting and damaging nature with harmful agricultural practices. That needs to change. ‘Used together these various techniques...are going to make quite a big contribution to addressing climate change...what’s stopping us?’ Part of the problem, he says, is that somebody has to pay – and we need to talk about how to achieve that, without relying entirely on the taxpayer. But economics is only part of this, he says. We also need to think about a range of complex issues from politics to equity and beliefs – but, critically, the public needs to be on-board."

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18.10.2021

# Political Papers

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Marsters, Lizzie; et al. (2021): Nature-based Solutions in Latin America and the Caribbean: Financing Mechanisms for Regional Replication (Inter-American Development Bank)

Marsters, Lizzie; Morales, Gabriela; Ozment, Suzanne; Silva Paredes, Mariana; Watson, Gregory; Netto, Maria; Frisari, Giovanni Leo (2021): Nature-based Solutions in Latin America and the Caribbean: Financing Mechanisms for Regional Replication: Inter-American Development Bank.

"Innovative financing models are emerging globally to advance nature-based solutions (NBS) that can cost-effectively enhance infrastructure performance, meet Sustainable Development Goals, and mitigate the negative impacts of climate change. Despite the potential for NBS to generate attractive returns and provide significant cost-savings, these financing models remain underutilized. Consequently, NBS are not achieving their full potential and a tranche of pent up green capital is sidelined. This report highlights five proven NBS financing strategies that leverage private finance: green bonds, blended market-rate and concessional loans, land-based financing strategies, insurance policies, and endowments. This report also outlines current barriers to the successful scaling of these financing strategies in Latin America and the Caribbean and identifies the approaches and enabling conditions needed to overcome them."

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18.10.2021

# Media

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The Conversation: A global carbon removal industry is coming – experts explain the problems it must overcome

"There are several ways to remove carbon from the atmosphere. One is called bioenergy with carbon capture and storage, or Beccs. Here, vast acres of fast-growing plants are grown and then harvested and burned to generate electricity or make biofuel for vehicles. Beccs can even use waste from farms or timber plantations. The carbon normally released during the burning or fermentation stage is instead captured and pumped underground in old oil and gas wells or deep rock formations called saline aquifers. These storage sites can be beneath land (which is common in the US) or the seabed. There are over 20 years of experience in storing CO₂ under the Norwegian North Sea, for instance."

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