WRI Climate’s Post

Pioneering Technology in Sustainability Direct Air Capture! In simple terms, Direct Air Capture (DAC) serves as a pivotal tool in the fight against climate change by actively extracting carbon dioxide (CO2) directly from the atmosphere and making it cleaner and safer for all of us. 🛠️ How Does it Work? DAC employs advanced chemical processes, engineering methodologies, specialized filters to capture CO2 molecules from air and efficiently isolate CO2, allowing for its sequestration or utilization in various applications. 🌟 Why is it Important? The importance of DAC lies in its capacity to address carbon emissions from point sources and diffuse contributors. By facilitating the removal of CO2 from the atmosphere, DAC offers a pathway towards carbon neutrality. Feel free to share as we embrace a sustainable future supported by technological innovation. #DirectAirCapture #thoughtleader #Sustainability #ClimateAction #Innovation #ClimateChange

Carbon Capture is a hot topic right now. It is gaining momentum because it is such a critical technology to the energy transition and to reaching net-zero by 2050. But why? ♻ Net-Zero Emission Goals: With increasing awareness of the impacts of climate change, there’s a growing urgency to reduce greenhouse gas emissions, particularly CO2. Many countries and companies have set ambitious targets to achieve net-zero emissions by mid-century or earlier. Carbon capture is key because it enables both the prevention of CO2 being released into the atmosphere and the active removal of CO2 from the atmosphere. 🏭 Industry Alignment: The heavy industrial sector dominates global emissions and must not be ignored. From tissue paper to steel rebar the production of goods that underpin the economy produce large quantities of CO2, making use of existing equipment, supply chains, and jobs, carbon capture addresses the problem head-on and can do so immediately. ⚖ Policy Support: Governments around the world are implementing policies and regulations to incentivize carbon capture projects. This includes financial incentives, tax breaks, and carbon pricing mechanisms, making carbon capture a financially rational decision, as well as the ethically right decision, for industrial emitters. Mantel’s molten borate technology goes further, by making carbon capture profitable with existing incentives. Our approach enables industry to achieve ambitions climate goals without breaking the bank, unlocking carbon captures role in the energy transition. #carboncapture #innovation #industry #netzero #climatechange

#Alert: an #SBTi discussions paper suggests to use another outcome based #metric for the #scope3 net zero target setting, as companies move for targets to implementation.That metric is decarbonize industry (% green steel, % battery etc), because a focus on primary scope-3 emissions would be complicated and aggregate emissions are a too coarse metric. However, that new metric sounds neutral and pragmatic, but clearly risks to underestimate primary scope-3 emissions and blocks company's flexibility and the use of #offsets to meet CO2 targets in time. It means that companies don't have #flexibility to innovate in a way that fits a company and investment cycles and available technology. With #insetting projects, a company at least starts already direct decarbonizing investments its supply chain where possible, but we need to keep the remaining offset option too. The EU #ETS by the way is a perfect example of reaching overall CO2 targets with flexible carbon market mechanisms: companies can decide their own strategy. See the SBTi discussion paper: https://lnkd.in/eqAZ3U5T Bloomberg: 'A Different Way (Metric) to Tackle Scope 3 Emissions Anthesis NL-BE Anthesis Group IETA ICROA https://lnkd.in/ex3SWMpz

Have you ever considered the costs of decarbonization? Our colleague, Alexander Wimmer, recently delivered a compelling keynote at the International Conference on Aluminum Alloys (ICAA) in Atlanta, GA, USA. His insights into the economic and environmental balancing act are crucial for our industry's future.   Key takeaways from the keynote: 👉 Energy Management System: Alexander emphasized the significant savings achievable through an efficient energy management system. Companies can substantially reduce costs and emissions by defining, measuring, and analyzing energy usage. 👉 Green Controlling: Effective green controlling means consistently monitoring how capital expenditures (CAPEX) contribute to CO2 reduction over the years. It's not just about the initial investment but the long-term, substantial environmental benefits. 👉  Material Choices: The materials we use play a pivotal role in our pursuit of sustainability. For aluminum, we advocate for #LowCarbonAlu, which helps reduce the carbon footprint while maintaining economic viability.   This holistic approach ensures we can meet our economic goals while adhering to our environmental commitments.   #Decarbonization #Sustainability #EnergyManagement #GreenControlling #LowCarbonAlu #ICAA2024 #EnvironmentalResponsibility #EconomicSustainability

Our transformation concept is the heart of our sustainability projects. These aim to reduce our greenhouse gas emissions by 40% until 2033. 🍃 We were already able to record a major success last year, as the introduction of the biological exhaust air purification system and the associated shutdown of the RTO (regenerative thermal oxidation system) enabled us to save around 250 tons of CO2 emissions. But what other future projects are we pursuing to achieve our goal? Find out more in the following slides. #sustainability #ksg #pcb #smartertogether

𝐷𝑖𝑑 𝑦𝑜𝑢 𝑘𝑛𝑜𝑤 𝑡ℎ𝑎𝑡 𝒄𝒂𝒓𝒃𝒐𝒏 𝒅𝒊𝒐𝒙𝒊𝒅𝒆 (𝐶𝑂2) 𝑙𝑒𝑣𝑒𝑙𝑠 ℎ𝑎𝑣𝑒 𝑖𝑛𝑐𝑟𝑒𝑎𝑠𝑒𝑑 𝑏𝑦 𝟓𝟎% 𝑠𝑖𝑛𝑐𝑒 𝑝𝑟𝑒-𝑖𝑛𝑑𝑢𝑠𝑡𝑟𝑖𝑎𝑙 𝑡𝑖𝑚𝑒𝑠, 𝑐𝑜𝑛𝑡𝑟𝑖𝑏𝑢𝑡𝑖𝑛𝑔 𝑡𝑜 𝑔𝑙𝑜𝑏𝑎𝑙 𝑤𝑎𝑟𝑚𝑖𝑛𝑔? 𝑇ℎ𝑖𝑠 𝑟𝑖𝑠𝑒 𝑖𝑛 𝐶𝑂2 𝑙𝑒𝑣𝑒𝑙𝑠 𝑖𝑠 𝑑𝑖𝑟𝑒𝑐𝑡𝑙𝑦 𝑐𝑜𝑟𝑟𝑒𝑙𝑎𝑡𝑒𝑑 𝑤𝑖𝑡ℎ 𝑡ℎ𝑒 𝑖𝑛𝑐𝑟𝑒𝑎𝑠𝑒 𝑖𝑛 𝑖𝑛𝑑𝑢𝑠𝑡𝑟𝑖𝑎𝑙 𝑝𝑟𝑎𝑐𝑡𝑖𝑐𝑒𝑠 𝑠𝑖𝑛𝑐𝑒 𝑡ℎ𝑒 𝐼𝑛𝑑𝑢𝑠𝑡𝑟𝑖𝑎𝑙 𝑅𝑒𝑣𝑜𝑙𝑢𝑡𝑖𝑜𝑛. In response to this environmental challenge, market players in the industrial furnace sphere, particularly in regions like 𝐄𝐮𝐫𝐨𝐩𝐞, are prioritizing sustainability in their operations. Accordingly, as per Inkwood Research, in 𝟐𝟎𝟐𝟑, Europe was the dominating region in the global industrial furnace market.  Several organizations and companies in Europe are leading initiatives to promote greener industrial practices. For example, the 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐀𝐥𝐥𝐢𝐚𝐧𝐜𝐞 𝐭𝐨 𝐒𝐚𝐯𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 (𝐄𝐔-𝐀𝐒𝐄) advocates for energy-efficient policies across industries, including advancements in furnace technologies. Similarly, the 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐄𝐧𝐞𝐫𝐠𝐲 𝐀𝐠𝐞𝐧𝐜𝐲 (𝐈𝐄𝐀) provides research, data, and policy recommendations to advance clean energy technologies in manufacturing, including furnace operations. Furthermore, companies like 𝐒𝐢𝐞𝐦𝐞𝐧𝐬, 𝐆𝐄, and 𝐀𝐁𝐁, are investing in advanced technologies such as cleaner fuels and optimized furnace designs. In regard to this, our latest blog, ‘𝐂𝐚𝐫𝐛𝐨𝐧 𝐍𝐞𝐮𝐭𝐫𝐚𝐥𝐢𝐭𝐲 & 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲: 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐅𝐮𝐫𝐧𝐚𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭,’ explores insights into the pivotal role of industrial furnaces in driving energy efficiency, sustainability, and inventions in operations. Check here: https://lnkd.in/ds9eivek So, leverage the understanding of deploying clean energy technologies and expertise in manufacturing processes through our blog. Looking forward to hearing your perspectives in the comments below! . . . ANDRITZ Carbolite Gero - Heat Treatment EBNER GROUP Epcon Industrial Systems, LP #industrialfurnace #furnacetechnology #chemicals #materials #advancedmaterials #co2level #marketinsights #inkwoodresearch

I found an article about a breakthrough in capturing and converting CO2 using a material called MOF-525. They are calling it a "miracle material" because it can efficiently capture CO2 and then convert it into useful chemicals. This could be a significant development for mitigating climate change by reducing greenhouse gas emissions. Here are some of the key points from the article: MOF-525 is a type of metal-organic framework (MOF). MOFs are a class of materials with a very large surface area, which makes them good at capturing gases. Researchers have developed a way to fabricate MOF-525 in a scalable way, which means it could be produced on a large scale for industrial applications. MOF-525 can be used to capture CO2 from emissions sources, such as power plants and factories. Once captured, the CO2 can be converted into useful chemicals, such as fuels and plastics. This could help to reduce our reliance on fossil fuels. Overall, the development of MOF-525 is a promising step forward in capturing and converting CO2. This technology could help us to reduce our greenhouse gas emissions and mitigate climate change. Refer : https://lnkd.in/g2-Jy-Jw #carboncapture #lowcarbon #netzero

🌿💨 Engineered CDR: The Rising Star in Climate Action As the race to decarbonize intensifies, engineered Carbon Dioxide Removal (#CDR) is emerging as a critical player. Here are a few reasons why it's gaining momentum: 📊 Scientific Consensus: Studies show we need at least 10 gigatons of engineered CDR annually to maintain a 1.5°C scenario. 🏢 Corporate Appetite: Demand is expected to reach 40 million to 200 million MtCO2 by 2030, outpacing supply. 🔍 Transparency: Third-party verification enhances credibility and lowers perceived risk. 💰 Diverse Financing: CDR attractive to a variety of approaches, from debt and equity investments to federal programs like the 45Q tax credit. 🌱 Co-benefits: Local job creation and sustainable development appeal to buyers. The Bottom Line: Experts are forecasting that the novel CDR market could reach $10 billion to $40 billion by 2030. At Flowcarbon, we are working to grow the CDR market by working with companies to help structure and facilitate project-level financing solutions. Read more: https://hubs.li/Q02HZH280 #CarbonRemoval #Sustainability #carbonfinance #sustainability #climate #carbonremoval #voluntarycarbonmarket #vcm

Carbon Dioxide Removal: Best-Practice Guidelines (WHITE PAPER-JANUARY 2024) By #WORLD ECONOMIC FORUM What Companies Can Learn from First Movers In 2023, a significant portion of days saw global temperatures surpassing pre-industrial levels by at least 1.5°C. Scientists cautioned in October that humanity is on track to exceed the remaining carbon budget within five to six years, despite commitments made in the 2015 Paris Agreement. Greenhouse gas emissions persistently rise instead of declining. The paramount challenge remains decarbonizing the global economy, closely followed by the urgent need to enhance carbon dioxide removal from the atmosphere. Even achieving net-zero emissions by 2050, as pledged by countries and companies, will not suffice. The ongoing removal of CO₂ is necessary to counter historical emissions, mitigate the toughest-to-abate emissions, and guard against Earth's feedback loops due to a warmer climate. The enormity of the task is staggering, requiring the removal of up to 687 billion tonnes of CO₂ by the century's end, with around 10 billion tonnes annually by 2050. While natural climate solutions like afforestation currently remove about 2 billion tonnes of CO₂ per year, alternative technologies are imperative. This white paper explores the potential of various engineered carbon dioxide removal (CDR) technologies, such as biochar, bioenergy with carbon capture and storage (BECCS), direct air capture with carbon storage (DACCS), and enhanced rock weathering (ERW). Each solution aims to meet the rigorous standards set by the World Economic Forum's First Movers Coalition (FMC) for scalability and durability in carbon capture and storage. The FMC harnesses the collective purchasing power of companies to accelerate the commercialization of vital decarbonization technologies, thereby lowering their costs. FMC members commit to procuring at least 50,000 tonnes or $25 million worth of durable and scalable CDR by 2030. The paper interviews eight FMC members across various industries to understand the importance of immediate action, emphasize the inadequacy of a "wait and see" approach, and offer insights into navigating this emerging market. It calls on all companies to integrate advance purchases of engineered CDR into their climate strategies. #carboncapture #carbonreduction #carbondioxide #carbonemissions #carbonmarkets #oilandgas #carbonstorage #petroleumindustry #petroleum