The US federal government is the largest single purchaser of building construction materials in the United States. RMI’s new roadmap charts a path to achieving zero embodied carbon from federal buildings projects by 2050 and quantifies the emissions reduction benefits of low-carbon building and material programs.
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Several high-profile investors have entered Vietnam’s C&I market. The French utility group EDF and its local partner, investment fund VinaCapital, have committed USD100 million over the next three years for a pipeline of 200 MWp of C&I rooftop solar power systems. South Korean conglomerate SK Group has pledged USD200 million and a 250 MWp installation target in the next few years, with local partner Nami Energy.
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Carbon, a solar panel manufacturer, is planning to establish a 5 GW solar panel facility in France by 2025. As per the company statement, by the end of this decade, it expects to triple its production capacity to 15 GW. According to the company, the Gigafactory project will provide over 2,000 direct and 4,000 indirect employment opportunities.
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There exist numerous areas of concentrated industrial activity within the vicinity of geologic storage formations throughout the United States that, along with existing commodity transport infrastructure, form potential carbon and hydrogen “hubs.” These hubs would act as early launching points for investment in carbon removal and hydrogen production that can minimize financial and logistical barriers to market development.
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Australia has committed to providing $180 million in grants to support the development of carbon capture, use and storage (CCUS) projects, part of a broader technology push to help cut carbon emissions, while still allowing for the use of gas and coal. The funds will be used to support the design and construction of carbon capture hubs and shared infrastructure, as well as carbon capture technology research and commercialization, and the identification of viable carbon storage sites.
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Eleven leading companies from six countries have founded the Renewable Carbon Initiative (RCI) to herald the end of the fossil age for all organic chemicals and materials by 2050. The initiative has been launched under the leadership of nova-Institute (Germany).
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Everyone is worried about the carbon dioxide problem, but nobody wants to pay for it yet. Industrial activity has emitted some 2,200 gigatons of CO2 in the past 150 years and continues to produce about 40 GT annually. If we exceed 2,620 GT, we’ll miss our shot to contain global warming within 1.5° C. Ecosystems, economies and communities will suffer irreversible damage as a result.
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