article thumbnail

Can Gas-Fired Power Plants Coexist with a Net-Zero Target? Yes, Southern Company Insists

GreenTechMedia

utility can reach net-zero carbon emissions by 2050 while still keeping natural gas as a central part of its business, both to generate electricity and to sell to its customers. That includes a recommitment to reaching its 2030 goal of reducing carbon emissions below 50 percent of their 2007 levels, potentially ahead of schedule.

article thumbnail

? Blackrock’s $550M DAC bet #174

Climate Tech VC

Tech-enabled credits continue to constitute a big chunk of an anticipated $1T voluntary carbon market , and Oxy is on a development frenzy. Just this year, Oxy: Acquired DAC company Carbon Engineering for $1.1B Just this year, Oxy: Acquired DAC company Carbon Engineering for $1.1B

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

? 2023’s Most Headliney-Headlines #178

Climate Tech VC

Look forward to 2024 predictions from many of your favorite clairvoyant climate voices. 100B of deals went down in the Permian basin and Shell abandoned a $100M per year carbon credit pipeline. 🍃 Credit registration body Verra’s CEO resigned following a bombshell Guardian exposé, marking a perilous year for carbon.

article thumbnail

Inflation Reduction Act Activation Guide: Renewable Energy Procurement

EDF + Business

45Y: The clean electricity PTC comes online in 2025 and features a high threshold for phase-out, likely extending its availability beyond 2032 Credit Overview Provision Description: Provides a technology-neutral tax credit for production of clean electricity. Sources: Deloitte Analysis, H.R.5376 Sources: Deloitte Analysis, H.R.5376

article thumbnail

The 5 Biggest US Utilities Committing to Zero Carbon Emissions by 2050

GreenTechMedia

Over the past three years, some of the country’s biggest utilities have been committing to a goal that few may have predicted they’d undertake on their own: weaning themselves off carbon-emitting generation by 2050. Utilities in many states now face mandates to move to 100 percent renewable energy or cut carbon to zero by 2050.

Carbon 246
article thumbnail

Inflation Reduction Act: 10 ways it will turbocharge US climate action (and one way it won't)

Business Green

The landmark legislation's climate provisions could unlock billions of dollars of low carbon investment and millions of green jobs - but it also paves the way for new fossil fuel infrastructure. cents per kWh of electricity produced at facilities placed into service after 2024 that produce zero or negative emissions.