Phil De Luna

Toronto

Contributing Writer at Forbes

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Articles

Why Oxy’s Acquisition Of Holocene Signals A Maturing Carbon Removal Industry

1 week ago | forbes.com | Phil De Luna

There’s a moment in every technological revolution where the story shifts. It stops being about startups and starts being about ecosystems. It's not about invention anymore — it's about scale, integration, and consolidation. That’s where direct air capture (DAC) finds itself in 2025. And the latest sign of this maturation? Occidental Petroleum’s quiet but telling acquisition of Holocene, a young DAC startup with a novel take on liquid sorbents.
Why Japan’s Emerging Carbon Market Could Reshape Global Trading

1 week ago | forbes.com | Phil De Luna

In a world increasingly obsessed with gigaton-scale solutions and trillion-dollar climate pledges, it’s easy to overlook policy experiments that don’t grab headlines. But every so often, a quiet reform starts to reshape the rules of the global climate game. Japan’s carbon market is one of those. Over the past two years, Japan has been rolling out what could become Asia’s second-largest emissions trading system. It’s not flashy. It’s not even mandatory—yet.
5 Tips For Purchasing Carbon Removals: A Business Leader's Guide

3 weeks ago | forbes.com | Phil De Luna

Global emissions hit 41.2 billion tons of CO₂ in 2024—up nearly 1% from the previous year—and the trajectory remains troubling. Companies are increasingly aware that reducing emissions isn’t just an ethical imperative; it's a financial one. Governments worldwide are implementing tougher climate regulations, translating directly into higher penalties, tighter lending standards, and steeper borrowing costs for companies dragging their feet.
The Carbon Removal Market Isn’t Scaling Fast Enough, What Needs To Change?

1 month ago | forbes.com | Phil De Luna

The carbon removal market is, in many ways, a classic policy problem. Companies know they need to act. Governments are inching toward regulation. Investors see opportunity, but they also see risk. And sitting in the middle of it all is a market that should be booming—but isn’t yet. The 2025 Carbon Dioxide Removal (CDR) Market Survey, conducted by CDR.fyi and Sylvera, offers a fascinating look into why this is happening and what might come next.
Why The Science-Based Targets Initiative Are Turning To Carbon Removals

2 months ago | forbes.com | Phil De Luna

Net-zero isn’t just a goal—it’s a deadline. Yet, too many companies treat it like a distant target, banking on future carbon removals instead of acting now. The problem? Delay makes solutions harder, costs higher, and climate risks more severe. Carbon removals must be integrated into corporate strategies today, not as a last-minute escape plan. The Science Based Targets initiative (SBTi) has been setting the gold standard for corporate climate action, and now it’s evolving its approach.
The Rise Of The PhD Founder In ClimateTech

2 months ago | forbes.com | Phil De Luna

For decades, we've idolized the college dropout founder. The genius who leaves a top university, armed only with vision and a laptop, to disrupt an industry and become a billionaire. Steve Jobs, Bill Gates, Mark Zuckerberg—these are names that have shaped the modern definition of disruptive innovation. But in climatetech, where the problems are physical and the solutions to reversing climate change demand serious scientific rigor, a new kind of founder is emerging: the PhD founder.
Why The Government Of Canada’s New Direct Air Capture Protocol Is A Climate Game-Changer

2 months ago | forbes.com | Phil De Luna

Canada just made history with the world’s first government-backed Direct Air Capture (DAC) offset protocol. This bold move legitimizes the DAC industry, sets a global precedent for carbon removal regulation, and positions Canada as a leader in climate innovation. With climate change accelerating and net-zero targets looming, this framework could unlock massive investments and drive global adoption of DAC technology. Here’s why this matters.
Switzerland Sets The Bar With Corporate Carbon Removal Milestone Targets

Jan 23, 2025 | forbes.com | Phil De Luna

Switzerland has always been synonymous with precision, and now it’s applying that ethos to climate action. The Climate and Innovation Act has set a groundbreaking precedent by mandating net-zero greenhouse gas emissions by 2050—not just at the national level but for all Swiss non-agricultural companies, irrespective of size. This month, the Act gained momentum with new guidance for corporate Net-Zero Roadmaps and a groundbreaking mandate to ramp up carbon removal efforts.
Can Direct Air Capture Decarbonize Aviation?

Jan 15, 2025 | forbes.com | Phil De Luna

Can Direct Air Capture Decarbonize Aviation? With destructive climate change impacts like the recent Los Angeles wildfires becoming more frequent, hard-to-abate industries like aviation are facing more pressure to reduce emissions. Airline leaders are now faced with a daunting challenge: how to keep up with surging air travel demand while minimizing their environmental impact.
5 Reasons Why The Los Angeles Wildfires Are The Start Of A New Normal

Jan 8, 2025 | forbes.com | Phil De Luna

The Los Angeles fires, which so far have claimed 5 lives and more than 1000 structures, have been making headlines not just for their intensity, but for what they signify about the future of wildfires in Southern California and beyond. Fire seasons, once confined to a few months of the year, now seem to be a persistent feature of life in many parts of the United States Extreme fire weather conditions are becoming more frequent, with dangerous implications for lives, property, and the environment.