African Carbon Projects + Global CCUS Momentum
Inside this issue
Today, Africa makes up only about 2% of the global carbon market. With funding from the World Bank, African governments, and corporations, numerous environmental and power projects are being planned to bring reliable, clean energy while reducing the greenhouse gas emissions for the country. From carbon capture to sustainable soil, carbon projects are demonstrating results for the country.
Outlining Potential CCS Projects
There have been deliberate attempts to capture carbon and store it in geological formations that can hold it for several years or forever. Carbon Capture and Storage (CCS) is a technique for capturing carbon emissions from large point sources (coal-fired power plants, coal-to-liquid fuel plants, and power stations) and moving them to underground geological formations. The International Energy Agency estimates that by 2040, CCS will contribute to 20% of total emissions reduction.
Inside this Issue
🐚 Shell Responds to Global Witness CCS report
💸 Sylvera Raises $32M in Series A Round to Become Source of Truth in Carbon Markets
💵 Lithion Recycling Announces the Closing of a First Significant Tranche of up to $125 Million Series A Financing Led by IMM Investment Global and Supported by Fondaction
🪨 The U.S. Gulf of Mexico Offers a Unique Opportunity for American CCUS Leadership
🌏 BP unveils up to $3bn CCUS project in Indonesia, country's first
🤝 Carbon capture, hydrogen projects gain funding from Wyoming agency
Articles in this issue