article thumbnail

Worldwide carbon capture, utilization, and storage industry expected to reach $9.4B by 2027

Environmental News Bits

The Global Carbon Capture, Utilization, and Storage (CCUS) Market is estimated to be $2.84 billion by 2027, growing at a CAGR of 27.14%. Read the full story from Environment + Energy Leader. billion in 2022 and is projected to reach $9.43 That’s according to a new report by ResearchandMarkets.com.

2027 75
article thumbnail

The IPCC and the Need for Actionable Science

Union of Concerned Scientists

The panel did confirm the inclusion of a special report on climate change and cities (for which a scoping meeting will take place later in 2024) and a methodology report on short-lived climate forcers— such as methane—both slated to be published in early 2027.

2028 187
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Innovators in 2023 Carbon Removal Landscape

Ivy Protocol

The year 2023 stands as a testament to this synergy, with a plethora of companies innovating in the carbon removal terrain with a shared goal of fighting climate change. Meeting the recent pathways laid out by the IPCC will require total cumulative net carbon dioxide removals of 20–660 GtCO2 by 2100. McKinsey & Company.

2023 83
article thumbnail

Fighting Climate Change and Unhealthy Air, California Wants to Electrify Trucks, Too

Union of Concerned Scientists

Compared to a baseline business-as-usual scenario, CARB estimates the ACF will reduce climate-warming emissions from the state’s truck fleet by more than 40 percent by 2050, equating to a reduction of about 300 million metric tons of carbon dioxide over this timeframe. The rule would also reduce NOx and PM2.5 Public Agency Fleets.

article thumbnail

Space for all: here are some of the huge commercial opportunities away from Earth

Physics World

In fact, the market is expected to grow from $886m in 2020 to $2.5bn in 2027, according to the firm Marketwatch. Bezos’s Blue Origin’s rockets are already powered by a mix of liquid hydrogen and liquid oxygen, which emit little or no carbon dioxide when burned. But space tourism could soon be open to more than just billionaires.

article thumbnail

Offshore Oil and Gas and the Biden Administration

Ocean Conservancy

According to an assessment by the Center for American Progress , the Gulf of Mexico lease sale could eventually result in the emission of more than 700 million metric tons of carbon dioxide. The sale—reported to be the largest in U.S. history—came about after a federal judge in Louisiana blocked President Biden’s leasing pause.

Ocean 56
article thumbnail

Analysis: Is hydrogen the new oil?

A Greener Life

Grey is made from natural gas or coal, and has a large carbon footprint. Blue is also made from fossil fuels but the carbon dioxide emissions are captured or re-used. Green is from renewable electricity and need have no carbon footprint at all. Engineers thus distinguish between grey, blue and green hydrogen.