Climeworks, KAPSARC to Explore Direct Air Capture Solutions in Saudi Arabia
Innovative Carbon Solutions: The partnership will explore Direct Air Capture (DAC) technologies leveraging Saudi Arabia’s unique resources. Strategic Alignment: The initiative aligns with Vision 2030 and the Circular Carbon Economy framework, advancing the Kingdom’s sustainability leadership. Future Potential: Findings will guide the development of scalable DAC systems to support global and domestic decarbonization goals. Riyadh, […]
BNP Paribas Launches €750M Low Carbon Infrastructure Equity Fund
€400M Anchor Commitment: BNP Paribas Group anchors the fund with €400M, aiming to attract institutional investors like insurers and pension funds. Focus on Energy Transition: The fund targets clean energy, sustainable mobility, and circular economy projects across Europe, including batteries, hydrogen, and carbon capture. Two Investments Secured: Already invested in renewable energy projects in Italy […]
Aramco, Linde, and SLB Partner to Build One of the Largest CCS Hubs Globally
Phase One Capacity: The Jubail CCS hub will capture and store up to 9 million metric tons of CO₂ annually by 2027. Net-Zero Goals: The project supports Aramco’s aim for net-zero Scope 1 and 2 emissions by 2050 and a 15% reduction in upstream carbon intensity by 2035. Global Collaboration: The hub highlights the role […]
80% of Companies Plan to Implement New Tech to Meet CSRD Requirements: PwC Report
Data Quality Hurdles: 55% of FY2024 companies anticipate challenges in maintaining data quality and consistency for CSRD compliance. Tech-Driven Solutions: Over 80% of companies are adopting or planning to implement new technologies to meet CSRD reporting requirements. C-Suite Involvement: CFOs and CEOs are taking the lead on disclosures for FY2024, while FY2025 sees increasing involvement […]
