Climate love

George Kariuki

3 w

Mitsubishi Motors

Climate love

Mitsubishi bets on carbon removal

Japanese conglomerate Mitsubishi has made a big investment in carbon credits from projects that will suck carbon dioxide from the atmosphere and store it.
The company has teamed up with carbon offset provider South Pole to buy nearly 200,000 tonnes of carbon dioxide removal credits from technology, about a quarter of all such purchases to date.
They hope to sell these credits for millions of dollars. Companies like UBS Bank, Mitsui shipping line and the Bosting Consulting Group have already promised to buy them.
But New Climate Institute researcher Takeshi Kuramochi, who has studied carbon capture, told Climate Home that Mitsubishi’s involvement was “disturbing”.
“If Mitsubishi is to strengthen its ‘commitment to the sustainable future’, they would better contribute to [emissions reductions] by first accelerating its transition of fossil fuel-heavy energy business to renewables,” he said.
Carbon removal technology is still in its infancy around the world and none of the three projects NextGen has bet on are up and running yet.

Mitsubishi bets on carbon removal while keeping coal plants

Japanese engineering giant Mitsubishi has announced a major investment in carbon removal technology, despite continuing to run fossil fuel power plants.

https://www.climatechangenews.com/2023/04/27/mitsubishi-bets-on-carbon-removal-while-keeping-coal-plants/



The projects plan to either suck carbon from the atmosphere and bury it, or to burn dead plants without oxygen, in a process known as pyrolysis, to turn it into carbon-rich charcoal which can be buried. The latter method stops the plants from releasing carbon into the atmosphere as they rot.

Do you agree?

16 more agrees trigger social media ads

  • Tabitha Kimani

    3 w

    They should bet on technology that is already taking place as carbon capture is still in its early stages.

    7
    • mercy nduta

      3 w

      Carbon removal can help reduce and even reverse climate change.

      4
      • Daniel Waweru

        3 w

        Decarbonization is the way to go

        6
        • Elizabeth Gathigia

          3 w

          Reducing carbon emissions is the way

          7
          • Gorffly mokua

            3 w

            Bravo👏, This is great commitment.

            7
            • Edwin wangombe

              3 w

              Congratulations to Mitsubishi... May others follow suit

              8
              • Joseph Githinji

                3 w

                This is a great revelation towards reduce carbon emissions.

                7
                • Gorffly mokua

                  3 w

                  Our journey towards achieving Net Zero is Possible💚

                  7
                  • Hilda Wangui

                    3 w

                    This is great new carbon emissions will be really reduced to zero net

                    8
                  • Evangeline Wanjiru

                    3 w

                    This is wonderful news

                    8
                    • Mc Kaka

                      3 w

                      This is so amazing

                      17
                      • ance Star

                        3 w

                        The company is doing great since the amount of carbon that will be produce would be less

                        18
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