In line with the Paris Agreement’s targets of reducing greenhouse gas (GHG) emissions by 45% by 2030 and reaching net zero emissions by 2050, companies across the world are looking for ways to reduce their emissions. There are some seeing this trend as an emerging market and are working to monetize other companies’ carbon emissions. […]
Coal, carbon capture, and EOR: A triple crown of synergies
NRG has recently started a demonstration plant for carbon capture and storage at its coal-fired power plant southwest of Houston, Texas. The project is a 50/50 joint venture between JX Nippon Oil & Gas Exploration and NRG and aims to capture all CO2 emissions from the 240 MW plant and use it in a nearby […]
Wanted: Higher carbon prices
If we want higher carbon prices to incentivize projects that reduce carbon emissions, the latest auction in the United States’ only mandated carbon market — the Regional Greenhouse Gas Initiative — wasn’t good news. The price of a ton of carbon dioxide equivalent fell from $3.23 in June to $2.19 this month. Why? Utilities are […]