News
News
June 06, 2025
Carbon capture projects promise a climate fix — and a fossil fuel lifeline
Governments across Southeast Asia are looking at carbon capture and sequestration (CCS) as a way to meet climate targets. Critics say CCS costs too much to be commercially viable, and underperforms at capturing carbon.
May 26, 2025Carbon capture essential for scaling net-zero concrete, says global cement producer
Carbon capture is set to play a key role in decarbonising the cement and concrete industry, says Jan Theulen, Group Lead Carbon Capture, Utilization and Storage (CCUS) at Heidelberg Materials, one of the world's largest cement makers.
May 14, 2025Renewables see relief as GOP tax cuts arrive slower than expected
House Republicans proposed tax reforms reducing incentives for low-carbon. However, the cuts are set to be phased in gradually—less aggressively than markets had anticipated—prompting a surge in renewable energy stocks.
April 25, 2025Mati Carbon wins top prize in Musk-backed XPRIZE carbon removal competition
The winner of the $100 million XPRIZE Carbon Removal competition has been announced. Houston-based startup Mati Carbon has taken the top prize with $50 million for its use of Enhanced Rock Weathering (ERW) technology.
April 16, 2025Microsoft invests in CO280 to remove 3.7 million tons of carbon from paper mill
U.S. tech giant Microsoft is ramping up its carbon dioxide removal (CDR) efforts through a new partnership with climate tech startup CO280. The collaboration leverages a unique carbon capture and storage (CCS) technology to reduce emissions.
March 31, 2025Mizuho joins NextGen as first Japanese bank to invest in carbon removal credits
Mizuho Financial Group has announced its entry into the NextGen platform as a carbon credit buyer, marking a first for Japan’s banking industry.
March 14, 2025EU, Germany need short-term strategy for CO2 removal ramp-up, says think tank
Germany and the EU need a short-term strategy for enabling the necessary ramp-up of carbon dioxide removals (CDR), said the think tank German Institute for International and Security Affairs (SWP) in a report.
March 05, 2025Malaysia introduces CCUS Bill amid regional disagreements
Malaysian government officially unveiled the Carbon Capture, Utilization, and Storage (CCUS) Bill 2025 on March 4, establishing a legal framework for the development of the industry.
February 26, 2025Petronas cuts jobs, bets on low-carbon transition as profits decline
Petronas released its latest financial report, showing a 34% drop in annual profit. The company attributed this decline to falling international oil prices again and committed to continued investments in renewable energy and low-carbon initiatives.
February 06, 2025Malaysia to submit Carbon Capture Bill to parliament in March
To achieve its net-zero target, the Malaysian government is adopting various carbon reduction technologies, with carbon capture set to present a development draft in March to help hard-to-decarbonize industries transition.