Connect with us

Hi, what are you looking for?

Fibonacci Tech News

The EU is formalizing rules for taking CO2 out of the atmosphere

The Orca carbon removal and storage facility operated by Climeworks in Hellisheidi, Iceland. | Image: Arnaldur Halldorsson / Bloomberg via Getty Images

The EU took a significant step toward legitimizing technologies that suck carbon dioxide out of the atmosphere by agreeing to set up a certification process.

The European Council and European Parliament reached a provisional agreement today to create the first-of-its-kind certification framework for carbon removal technologies. The new climate tech has yet to prove itself at scale, but the EU is already folding it into its plan to reach net-zero greenhouse gas emissions by 2050. Net zero implies that the bloc would resort to capturing any remaining CO2 emissions that it hasn’t been able to prevent, either by harnessing the natural ability of plants to absorb carbon dioxide or by building technologies that filter CO2 out of the air or s…

Continue reading…

You May Also Like

Fibonacci Stock News

In the previous technical note, it was categorically mentioned that while the markets may attempt to inch higher, they may not form anything beyond...

Fibonacci Investing News

Chris Edwards Many American cities need more low‐​income housing, but governments reduce supply and raise construction costs with regulations, taxes, and bureaucracy. The Wall...

Fibonacci Tech News

Illustration by Alex Castro / The Verge The question of who gets to regulate crypto has some answers, as a judge has ruled the...

Fibonacci Tech News

Image: Brazil Climate Summit At the moment I arrived at the Brazil Climate Summit event, it felt like home to me. As I opened...