Tag: carbon
Apple Investing Another $200 Million in High Tech Carbon Removal Efforts
Apple is investing up to an additional $200 million in the Restore Fund, doubling its initial $200 million commitment. The fund will be managed by Climate Asset Management, a joint venture of HSBC Asset Management and Pollination.
With the new investment, Apple is aiming to remove one million metric tons of carbon dioxide per year while also generating a financial return for investors. Apple suppliers that become part of the fund will be able to take advantage of new high-impact carbon removal projects.
“The Restore Fund is an innovative investment approach that generates real, measurable benefits for the planet, while aiming to generate a financial return,” said Lisa Jackson, Apple’s vice president of Environment, Policy, and Social Initiatives. “The path to a carbon neutral economy requires deep decarbonization paired with responsible carbon removal, and innovation like this can help accelerate the pace of progress.”
Climate Asset Management and Apple want to focus on nature-forward agricultural projects that generate income from sustainably managed farming practices as well as projects that conserve and restore critical ecosystems that remove and store carbon from the atmosphere. Apple says that Restore Fund investments will be subject to “rigorous social and environmental standards.”
Apple has achieved carbon neutrality for its corporate operations, and it has encouraged its suppliers to become carbon neutral by 2030. Apple ultimately wants all Apple-related operations to be carbon neutral by that date, and more than 250 of its manufacturing partners have committed to that goal.
Apple’s earlier investments in the Restore Fund were done in partnership with Conservation International and Goldman Sachs. With that contribution, Apple is working to restore 150,000 acres of sustainably certified working forests and protect another 100,000 acres of native forests, grasslands, and wetlands. These projects are forecast to remove one million metric tons of carbon dioxide from the atmosphere per year by 2025.
This article, “Apple Investing Another $200 Million in High Tech Carbon Removal Efforts” first appeared on MacRumors.com
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Why this new plant is capturing carbon dioxide just to let it back out again
There’s a scramble in the US to build the first generation of technologies to suck carbon dioxide out of the atmosphere. And the first American company with this kind of system, Global Thermostat, just set up shop in Colorado to prove that its CO2-sucking technology actually works.
There’s been hype around Global Thermostat since it got started in 2010 as one of just three high-profile companies in the world developing this technology, called direct air capture (DAC). The idea is to filter CO2 out of the ambient air and then sell that CO2 as a product or sequester it underground to keep it from escaping into the atmosphere where it would heat up the planet.
But Global Thermostat has been roiled by years of delays and internal drama. Its…
Best Lenovo Laptop Deals: Latest ThinkPad X1 Carbon Is More Than Half Off – CNET
Carbon capture will probably make electricity more expensive
Keeping coal and gas power plants alive while purporting to tackle climate change will likely make electricity more expensive for consumers, a new analysis warns. Fossil fuel companies have been eager to deploy technologies that filter planet-heating carbon dioxide out of power plant emissions. But relying on the technology, called carbon capture and storage (CCS), is a risky venture and consumers are likely to bear the costs.
The cost of electricity from power plants outfitted with carbon capture devices is at least 1.5 to 2 times more expensive than other alternatives, according to a new report from the nonprofit Institute for Energy Economics and Financial Analysis (IEEFA). It’s much more affordable to turn to renewable energy like…
Lenovo ThinkPad X1 Carbon just got a massive $1,800 price cut
Washington Watch: Biden approves Willow oil-drilling permit in Alaska. It’s a ‘carbon bomb,’ one group says.
Algae may be Microsoft’s newest weapon in the fight against its own carbon footprint
Back in 2020, Microsoft announced its commitment to achieving a “carbon-negative” operating status by 2030. The company updated the world on their carbon elimination efforts in 2021, having funded the elimination of more than a billion tons of carbon dioxide from the environment. Despite the removal, the company found that…
Scientists Propose Turning Carbon Pollution Into Baking Soda and Storing it In Oceans
Scientists have set out a way to suck planet-heating carbon pollution from the air, turn it into sodium bicarbonate and store it in oceans, according to a new paper. The technique could be up to three times more efficient than current carbon capture technology, say the authors of the study, published Wednesday in the journal Science Advances….
The team have used copper to modify the absorbent material used in direct air capture. The result is an absorbent “which can remove CO2 from the atmosphere at ultra-dilute concentration at a capacity which is two to three times greater than existing absorbents,” Arup SenGupta, a professor at Lehigh University and a study author, told CNN. This material can be produced easily and cheaply and would help drive down the costs of direct air capture, he added. Once the carbon dioxide is captured, it can then be turned into sodium bicarbonate — baking soda — using seawater and released into the ocean at a small concentration.
The oceans “are infinite sinks,” SenGupta said. “If you put all the CO2 from the atmosphere, emitted every day — or every year — into the ocean, the increase in concentration would be very, very minor,” he said. SenGupta’s idea is that direct air capture plants can be located offshore, giving them access to abundant amounts of seawater for the process.
Stuart Haszeldine, professor of carbon capture and storage at the University of Edinburgh, who was not involved in the study, told CNN that the chemistry was “novel and elegant.” The process is a modification of one we already know, he said, “which is easier to understand, scale-up and develop than something totally new.”
Read more of this story at Slashdot.
Microsoft bets on algae to mitigate its growing carbon footprint
Like all of its peers in the tech industry, Microsoft has a carbon pollution problem. The software giant’s emissions are on the rise, in spite of a pledge from the company to be carbon negative by 2030. This ticking clock explains Microsoft’s latest deal to address its environmental toll: It’s turning to Running Tide to […]
Microsoft bets on algae to mitigate its growing carbon footprint by Harri Weber originally published on TechCrunch