Infarm raises $200m to support global expansion of vertical farms | BusinessGreen News

As part of the latest funding round, new investors the Qatar Investment Authority is set to support the company’s expansion to countries in the Middle East, including its first Growing Centre in Qatar, which is expected to open in 2023. “Building a global farming network of our climate-resilient vertical farms is a core mission at […]

‘World’s largest’: Cory plots carbon capture system for Thames waste-to-energy plant …

Dougie Sutherland, CEO of Cory, said the CCS project “has the potential to be game-changing”. Cory is one of a growing number of waste and resources firms exploring the potential of CCS to drive down emissions from EfW plants. Earlier this year Viridor announced plans to fit CCS technology to a number of EfW plants […]

‘World first’: Ocado teams up with Climeworks to fund removal of 1,000 tonnes of CO2 from …

The permanent removal of CO2 from the air has been touted as a potential solution for eliminating emissions companies are otherwise unable to cut. Customers are offered refunds when they return Ocado bags for recycling, but unclaimed refunds are put towards good causes, such as carbon capture. Advocates of DAC technology maintain it can play […]

COP26: Row ignites over loss and damage as latest draft texts released | BusinessGreen News

After the third consecutive day of round the clock negotiations, the COP26 Presidency this morning issued a raft of draft technical documents and the crucial draft cover text for the final agreement. But there is still widespread speculation that Saudi Arabia and a number of other major fossil fuel producers could yet call for all […]

Scottish Widows pledges to invest £25bn by 2025 in low-carbon transition | BusinessGreen News

Head of pension investments and responsible investments Maria Nazarova-Doyle touted the move was a “major milestone” in the pension provier’s journey to net zero. Nazarova-Doyle said by committing to gradually reduce the overall emissions contained in Scottish Widows’ investment portfolios to net zero, the firm would help support the companies it invests in to decarbonise […]

COP26: Crunch talks over Paris Agreement carbon market rules begin in earnest – Business Green

“We know that carbon pricing is one of the most powerful ways of reducing emissions and supporting and encouraging the private sector and individual citizens to make smarter choices around reducing emissions at the same time as we create innovations to move forward,” he told the Summit. In the way that we know citizens want […]

‘Success is entirely possible’: COP26 opens amid flurry of fresh national climate pledges …

Negotiations over the next two weeks are expected to be fraught amid competing priorities from different nations, further exacerbated by brittle trust between richer and poorer economies over financial support to fund climate adaptation measures. “We have no choice but to make COP26 a success,” Espinosa said. The UN climate chief’s rallying call struck a […]

Voluntary Carbon Markets Integrity Initiative warns offsetting must be ‘truly additional to real action’

It comes amid growing fears that growing corporate and government appetite for carbon offsets that nominally enable them to meet ambitious net zero emissions goals could actually undermine global climate goals. Critics have argued an unregulated and ineffective carbon offset market could provide large polluters with a cover story that allows them to continue to […]