Steel Industry’s Shift Towards Reducing Carbon Emissions
The steel industry is embracing electric arc furnaces (EAFs) to curb carbon emissions, but challenges such as limited scrap supply and high electricity costs persist. Efforts to combine EAFs with direct reduced iron plants aim for carbon-neutral steel production,...
Climate X Secures $18 Million in Funding Led by Google Ventures
UK-based Climate X, a firm providing financial insights on climate risk impacts, has raised $18 million in Series A funding from investors such as Google Ventures. The company’s platform, Spectra, uses a ‘Digital Twin of the Earth’ model to assess...
EU’s €3 Billion Scheme To Support CCS In Sweden
The European Commission has given the green light to a €3 billion ($3.21 billion) scheme aimed at promoting carbon capture and storage (CCS) technology in Sweden, as part of efforts to achieve net-zero emissions by 2045 and combat climate change. The initiative aims...
MIT Study Reveals Ocean Movement Impacting Atmospheric Carbon Levels
Recent research by MIT scientist Jonathan Lauderdale uncovers how a weakening ocean overturning circulation could lead to higher atmospheric carbon levels due to intricate interactions between ocean iron, nutrients, microorganisms, and ligands. A recent study by MIT...
