Goldman Sachs predicts a surge in carbon credit prices as the EU carbon market decouples from gas prices, signaling a brighter future for carbon offset markets and carbon capture technologies.
Last year, the Intergovernmental Panel on Climate Change IPCC published a report that global financial flows into climate solutions are currently 3-6x lower than the levels required for the world to meet its climate goals by 2030. According to the IPCC, the planet needs to cut annual greenhouse gas emissions by 29-32 gigatonnes, or 45%, of equivalent carbon dioxide CO2e by 2030 if it’s to keep average global temperature rise less than 1.5°C above pre-industrial levels.
that involves offtake of carbon dioxide associated with Linde’s planned clean hydrogen project in Beaumont, Texas. Exxon will transport and permanently store as much as 2.2M metric tons/year of carbon dioxide each year from Linde’s plant. Last year, E&P giant Exxon Mobil NYSEXOM acquired the developer of CCS solutions, Denbury Inc.
that involves offtake of carbon dioxide associated with Linde’s planned clean hydrogen project in Beaumont, Texas. Exxon will transport and permanently store as much as 2.2M metric tons/year of carbon dioxide each year from Linde’s plant. Meanwhile, Occidental Petroleum Corp.
Carbon Offsets Carbon Capture And Storage (CCUS) Goldman Sachs EU Carbon Market Gas Prices Climate Change Decarbonization Renewable Energy Sustainability
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