First carbon removal plant in world comes online in Iceland

Carbon removal startup Climeworks. Dubbed Mammoth, the project is now the world’s biggest plant to suck carbon dioxide from the air. The plant is a critical step in the race to remove billions of tons of carbon a year by mid-century, a move that will likely be needed to keep global warming to relatively safe

Microsoft funding new technology for carbon removal

Microsoft agreed to fund a carbon capture technology that uses the natural properties of limestone to take carbon dioxide out of the atmosphere, the startup firm Heirloom Carbon announced. The tech giant will purchase about $200 million worth of carbon credits — equivalent to 315,000 tons of carbon — over 10 years from Heirloom to

MOL scales up carbon removal technologies

Japan’s Mitsui OSK Lines (MOL) is among five founding buyers of credits from a facility established by a Swiss carbon project developer, South Pole. It is aimed at scaling up carbon removal technologies for MOL. South Pole’s NextGen facility has committed to buying 1m carbon dioxide removals (CDRs) from projects generated from a range of