Scrubbing carbon from sky is new climate gold rush
Business Standard|December 24, 2024
This summer, Bill Gates huddled in London with representatives of some of the world's wealthiest people, including the Amazon founder, Jeff Bezos, SoftBank founder, Masayoshi Son, and Prince al-Waleed bin Talal of Saudi Arabia.
DAVID GELLES & CHRISTOPHER FLAVELLE
Scrubbing carbon from sky is new climate gold rush

They were evaluating their joint investments in firms that could help the world combat climate change. Among the businesses in their portfolio, four stood out: They were working to strip carbon dioxide from the atmosphere, for a profit.

The technology, which did not exist until a few years ago, is still unproven at scale. Yet, it has a uniquely alluring appeal. Stripping away some of the carbon dioxide that is heating up the world makes intuitive sense. And with a small but growing number of firms willing to pay for it, investors are jockeying to be first movers in what they believe will inevitably be a big industry that is necessary to help fight global warming. Carbon dioxide removal is the most developed form of what is known as geoengineering, a broad set of speculative technologies designed to manipulate natural systems in order to cool the planet. In the past several years, as climate change has worsened, such ideas have moved from the stuff of science fiction into the mainstream.

هذه القصة مأخوذة من طبعة December 24, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 24, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS STANDARD مشاهدة الكل
Global hunger crisis deepens as major nations skimp on aid
Business Standard

Global hunger crisis deepens as major nations skimp on aid

It's a simple but brutal equation: The number of people going hungry or otherwise struggling around the world is rising, while the amount of money the world's wealthiest nations are contributing toward helping them is dropping.

time-read
3 mins  |
December 25, 2024
Statesman who shaped India with his vision and resolve
Business Standard

Statesman who shaped India with his vision and resolve

Today, 25th December is a very special day for all of us. Our nation marks the 100th jayanti of our beloved former Prime Minister, Shri Atal Bihari Vajpayee Ji.

time-read
4 mins  |
December 25, 2024
Bhaker accepts 'lapse' on her part amid Khel Ratna row
Business Standard

Bhaker accepts 'lapse' on her part amid Khel Ratna row

Paris Olympics' double bronze-medallist Manu Bhaker on Tuesday admitted that \"there has been a lapse maybe on my part\" while filing nominations for this year's National Sports Awards amid a raging controversy over her exclusion from the list of Dhyan Chand Khel Ratna awardees.

time-read
1 min  |
December 25, 2024
Consumer fickleness on the rise as phygital shopping takes root
Business Standard

Consumer fickleness on the rise as phygital shopping takes root

Omnichannel shopping, or the phygital (physical and digital) experience, is gaining traction as the preferred way to shop among Indian consumers, who are increasingly forsaking physical stores. However, customer loyalty is becoming increasingly fickle, as consumers frequently switch brands and retailers.

time-read
2 mins  |
December 25, 2024
The charts Indian policymakers should worry about
Business Standard

The charts Indian policymakers should worry about

In a series of recent pieces, we have been arguing that the just-ended Reserve Bank of India (RBI) regime made a radical change in exchange rate policy, which reduced export competitiveness and rendered monetary policy inappropriate for a slowing economy.

time-read
5 mins  |
December 25, 2024
Business Standard

Manipur, Bihar, other states get new governors

Former Union Home Secretary Ajay Kumar Bhalla has been appointed the governor of strife-torn Manipur, ex-Army chief Vijay Kumar Singh is the new Mizoram governor while Kerala Governor Arif Mohammed Khan has been shifted to Bihar as part of gubernatorial appointments effected by President Droupadi Murmu on Tuesday.

time-read
1 min  |
December 25, 2024
BCs meet Irdai, seek consent to sell insurance products
Business Standard

BCs meet Irdai, seek consent to sell insurance products

The Business Correspondent Resource Council (BCRC) has made a pitch to the Insurance Regulatory and Development Authority of India (Irdai) that field agents be allowed to hawk insurance products.

time-read
1 min  |
December 25, 2024
Credit card spend falls 16% in Nov after festival high
Business Standard

Credit card spend falls 16% in Nov after festival high

Decline due to moderation in consumer spending; issuances come down

time-read
2 mins  |
December 25, 2024
Business Standard

Caramelised popcorn in theatres may stay in 5% slab

Single rate on sale of all old, used vehicles, including EVs

time-read
2 mins  |
December 25, 2024
Indo Farm Equipment listing to open for subscription on Dec 31
Business Standard

Indo Farm Equipment listing to open for subscription on Dec 31

Indo Farm Equipment on Tuesday fixed a price band of ₹204 to ₹215 per share for its initial share sale that opens for public subscription on December 31.

time-read
1 min  |
December 25, 2024