Subscribe | Register | Log in | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
Search
Related Articles
Germany launches carbon CfD scheme
Government expects to budget more than €10bn for subsidy programme in response to US IRA
Wintershall hunts for CO₂ storage in Egypt and Argentina
German oil and gas company actively screening potential offshore sites in both countries
Salzgitter secures €1bn in government finance for green steel
The first stage of its Salcos decarbonisation programme is due to start operations by end-2025
Linde and Heidelberg announce 70,000t/yr CCUS project
The project will capture CO₂ from the Lengfurt cement plant in Germany and process it for use in the manufacturing, chemicals and food industries
Industrial emitters demand action to kickstart German CCS
Companies urge government to prioritise rapid scale-up of technology and infrastructure in forthcoming national carbon management strategy
Germany under pressure to curb emissions
Government developing new strategy on CCS and other carbon management tools as energy sector emissions continued to rise last year
Wintershall bets on CCS in post-Russia transition
German independent oil and gas company evaluating multiple CCS projects but returns will not initially match E&P, COO Dawn Summers tells Carbon Economist
Neptune and Capeomega plan North Sea CCS network
RWE signals backing for Noordkaap project with intent to ship carbon dioxide from power plant in Netherlands
Roehm eyes carbon capture for German chemical plants
Chemicals company contracts Norway’s Aker Carbon Capture for feasibility study of project to deploy two capture facilities
Spirit unveils major UK offshore carbon storage project
Centrica joint venture outlines plan to convert two Irish Sea gas fields into storage hub with potential to develop blue hydrogen cluster
Germany’s Allianz is a member of Net-Zero Asset Owner Alliance
Germany Net zero
Stuart Penson
1 February 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Investors warn against carbon removal

UN-convened alliance of financial institutions demands focus on carbon mitigation rather than removal

Eighty-four financial institutions with more than $11tn in assets under management have jointly warned companies in their investment portfolios against the use of carbon dioxide removal (CDR) technologies such as direct air capture to meet emission reduction targets. The guidance is contained in an updated protocol published this week by the Net-Zero Asset Owner Alliance, a group convened by the UN and whose members include Aviva, Societe General, Allianz and Credit Agricole. The alliance’s members are committed to transitioning their investment portfolios to net-zero greenhouse gas emissions by 2050. “With carbon removal technologies yet to impact at scale, the alliance guides members to en

Also in this section
UAE gets behind carbon markets
27 September 2023
Investment in African offsets and ambitions to create a trading hub demonstrate Mideast Gulf state’s commitment to growing markets
Taiwan joins Asian carbon trading push
26 September 2023
Newly launched Taiwan Carbon Solution Exchange is expected to enable companies to trade in both domestic and international credits
Letter on carbon: Direct action
22 September 2023
A flurry of interest in direct air capture signals a key role for the technology in the push for net zero
SLB on mission to halve cost of carbon capture
21 September 2023
Technology company says its latest technologies can achieve 30–50% cost reductions at the capture stage

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search