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Meeting net zero: carbon capture technology and green finance

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Meeting net zero: carbon capture technology and green finance

Thursday 30 September 2021 – Vol.12 Ed.39.4

Commentary: Does Orca machine hold key to ambitious net-zero targets?

By Gary Smith in London

In early September, excited headlines celebrated the launch of the Orca machine in Iceland. This machine sucks carbon dioxide out of the air and pumps it into permanent storage underground, fuelled by geothermal energy. It will capture the equivalent carbon dioxide to offset the emissions of around 1,000 traditionally powered cars per year. Could negative-emissions technology like this be the key to meeting ambitious net-zero targets?

Read the full commentary on the website.

Meeting: Leveraging finance, capital and policies for climate action in emerging markets

Thursday 21 October, 10:00-11:00 BST

As emerging market financial sectors transition to sustainable finance practices, they need to be supported by developed economies who have built their wealth on carbon-intensive structures. In collaboration with the United Nations Conference on Trade and Development’s World Investment Forum, OMFIF is convening a panel discussion on how emerging markets can drive climate action while continuing to grow their economies.

Register to attend here.

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