Carbon Herald

2 days ago | carbonherald.com | Vasil Velev

Carbon management’s crucial 45Q tax credit remains intact and is not part of broader cuts to the Inflation Reduction Act, according to a draft released by the House Ways & Means Committee yesterday. This would mean projects in carbon management will continue benefiting from credits ranging from $60 (for captured and utilized CO2) to $180 per ton (for CO2 removed from the atmosphere). Several changes did make their way into the draft.

3 days ago | carbonherald.com | Sasha Ranevska

Newlab, a venture platform supporting critical technology startups, has announced a new innovation hub, this time in New Orleans, Louisiana. Supported by a public-private partnership, the launch of the New Orleans hub is made possible with backing from Louisiana Economic Development (LED), the City of New Orleans, Future Use of Energy in Louisiana (“FUEL,” an NSF Engine), Louisiana State University, Greater New Orleans, Inc., and Shell.

3 days ago | carbonherald.com | Sasha Ranevska

A team of researchers has developed a new, more energy-efficient way to convert CO2 captured from the air into CO—a common component in the production of everyday materials. In their study, published in Joule, the team lays out their innovative method, which would enable a more feasible pathway for repurposing CO2 captured through technologies like direct air capture (DAC) into value-added products.

4 days ago | carbonherald.com | Sasha Ranevska

The Carbon Capture and Storage Association (CCSA) announced that it has appointed Thierry Grauwels as its new EU Director, a decision that entered into force this May. This appointment is yet another step that strengthens the CCSA on its mission of supporting the development of carbon capture, utilization, and storage (CCUS) across Europe.

4 days ago | carbonherald.com | Sasha Ranevska

Scotiabank, one of Canada’s leading banks, has launched the fifth edition of its Climate Action Research Fund (CARF), looking to support innovative carbon solutions. Under this funding opportunity, Scotiabank will award around $700,000 (approximately CA$1 million) annually over a period of 10 years to organizations researching hopeful climate-related technologies. As the bank points out, awards will vary between ~$17,000 (CA$25,000) and a maximum of ~$70,000 (CA$100,000).