BEIS

The Atlantic Gulf Stream was unexpectedly strong during the last ice age – new study

Retrieved on: 
Wednesday, July 10, 2024

Ice sheets two miles thick covered much of North America, Scandinavia and the British Isles.

Key Points: 
  • Ice sheets two miles thick covered much of North America, Scandinavia and the British Isles.
  • But our research, now published in Nature, has uncovered at least one surprise in the ice age climate: the Gulf Stream, which carries warm water northwards through the Atlantic, was stronger and deeper than it is today.

Warm water – from Mexico to Norway

  • Today, warm salty water from the Gulf of Mexico flows northward as part of the Gulf Stream.
  • As part of it flows past Europe it gives off lots of heat keeping the climate of western Europe very mild.
  • Then, as the surface water passes north of Iceland, it loses enough heat to increase its density, causing it to sink and form deepwater.

Reconstructing past ocean circulation

  • Since we don’t have any data from weather buoys or satellites, we instead reconstructed how the ocean would have circulated in the last ice age using proxy evidence preserved in marine sediment cores, which are long tubes of mud from the bottom of the ocean.
  • This allowed us to determine the depth of the Gulf Stream at the time those organisms were alive.

This adds uncertainty to climate projections

Five ways to improve the global voluntary carbon credit markets

Retrieved on: 
Wednesday, June 26, 2024

The voluntary carbon markets were set up to allow companies to buy and sell carbon credits to offset their emissions.

Key Points: 
  • The voluntary carbon markets were set up to allow companies to buy and sell carbon credits to offset their emissions.
  • A carbon credit is a promise to the purchaser that their greenhouse gas emissions will be offset in the future by the same amount.
  • The voluntary carbon markets already channel US$2 billion (£1.57 billion) a year through their systems.
  • To deal with the major issues in the voluntary carbon markets, we suggest five ways to restore trust.

1. Increase transparency

  • Financial transparency is essential to help to expose unethical practices, to demonstrate best practices and to secure fair deals for local communities.
  • It is in everyone’s interest to have a robust and sustainable carbon credit system and it must be based on transparency.

2. Improve accreditation

  • Voluntary carbon market projects need standardisation across the whole sector with a clear system of validation and accreditation to build trust.
  • A small number of organisations currently act as standard-setters, enabling a decisive shift in global standards if they work together.

3. Credits should do no harm

  • Climate change mitigation efforts, including carbon trading, can unintentionally lead to harm and human rights breaches.
  • The co-benefits, such as protecting and enhancing local biodiversity and human wellbeing, need to be measured and add additional value to the credits.

4. Focus on high-quality credits

  • In an ideal world, the voluntary carbon markets should focus on carbon removal from the atmosphere rather than emissions reductions.
  • This ensures that carbon credits contribute genuinely towards achieving global climate goals, rather than allowing companies to bypass the substantial reductions required under net zero commitments.

5. More international support


The latest CCAG report and the above recommendations make clear the need for strong political support through regulation, transparency and governance principles at national, regional and international levels. Strengthening political infrastructure in relation to voluntary carbon markets will enhance the market’s credibility and ensure that carbon offsetting schemes contribute meaningfully to global emission reduction targets over the long term.

Carbon markets can help the climate crisis

Entrepreneur and Action Sports Veteran Shaun Neff Joins X Games Ownership Group as an Investor and Advisor

Retrieved on: 
Thursday, February 22, 2024

LOS ANGELES, Feb. 22, 2024 /PRNewswire/ -- Following a historic and successful event in Aspen last month, entrepreneur Shaun Neff today announced that he has officially joined sports and entertainment brand X Games Ownership Group as an investor and advisor to accelerate the brand's expansive strategy.

Key Points: 
  • LOS ANGELES, Feb. 22, 2024 /PRNewswire/ -- Following a historic and successful event in Aspen last month, entrepreneur Shaun Neff today announced that he has officially joined sports and entertainment brand X Games Ownership Group as an investor and advisor to accelerate the brand's expansive strategy.
  • X Games already announced its return to Ventura for Summer X Games June 28-30, dates for additional new events will be announced in the coming months.
  • As the founder of Neff Headwear, X Games' newest investor is no stranger to the Action Sports industry.
  • X Games has already seen substantial viewership and engagement growth since the MSP Sports Capital acquisition.

MHI and Worley Awarded FEED Contract for UK's First CO2 Capture Plant at a Cement Production Facility

Retrieved on: 
Tuesday, February 6, 2024

- It will capture and store up to 800,000 tons of CO2 annually from the cement plant flue gas by applying proprietary CO2 capture technology.

Key Points: 
  • - It will capture and store up to 800,000 tons of CO2 annually from the cement plant flue gas by applying proprietary CO2 capture technology.
  • This contract has been awarded in accordance with the progress made by the Padeswood CCS (carbon capture and storage) project planned for the site.
  • MHI was selected after working on the initial competitive Pre-FEED* project study awarded in 2022.
  • The CO2 capture plant could start operation in 2028.

MHI Selected as Technology Licensor for EET Industrial Carbon Capture Targeting UK's First Low Carbon Refinery

Retrieved on: 
Thursday, November 9, 2023

The project at Stanlow will capture CO2 emissions from the fluid catalytic cracker in the refinery process.

Key Points: 
  • The project at Stanlow will capture CO2 emissions from the fluid catalytic cracker in the refinery process.
  • The project is supported by HyNet, the carbon capture, utilization and storage (CCUS) cluster in northwest England.
  • The project at Stanlow targets 2028 as the start of operations of EET Industrial Carbon Capture.
  • Going forward, MHI Group will continue to respond to the decarbonization needs of diverse industrial sectors.

AtkinsRéalis ESG Report: A Journey to Engineer a Better Future For Our Planet and its People

Retrieved on: 
Monday, September 25, 2023

"Approximately half of our total revenues in 2022 were derived from projects contributing to a sustainable future and carbon free economy.

Key Points: 
  • "Approximately half of our total revenues in 2022 were derived from projects contributing to a sustainable future and carbon free economy.
  • In doing so, we are ultimately living up to our purpose: to engineer a better future for our planet and its people."
  • "The last year saw us take a number of measures to enhance accountability and introduce rigour to our ESG processes," said Hentie Dirker, Chief ESG and Integrity Officer, AtkinsRéalis.
  • Conducted a materiality assessment and realigned the Company's ESG priorities with its new purpose: "Engineering a better future for our planet and its people".

TEZZA App Announces 20M+ Downloads and Its Highest-Performing Year to Date, Nearing $32M in Revenue

Retrieved on: 
Tuesday, September 19, 2023

SANTA MONICA, Calif., Sept. 19, 2023 /PRNewswire/ -- TEZZA, a curated photo and video editing app that empowers people to unleash their artistic potential, today announced it reached 20 million downloads and will achieve its highest-performing year since launching in 2018.

Key Points: 
  • The app has gained more than 2.5 million active monthly users and a social media following of over 1.3 million.
  • Last month, TEZZA released Studio, a video-editing feature that lets content creators easily edit videos with carefully selected presets, vintage-inspired film effects and fonts.
  • Studio is the latest innovation from TEZZA founders Tessa "Tezza" Barton and Cole Herrmann, the husband and wife team who created the app and bootstrapped it into a multi-million-dollar company.
  • Barton and Herrmann eventually plan to expand opportunities for TEZZA creators to share and connect inside the app.

Ireland's Low Tax Advantage Boosting Data Center Construction - A Market Snapshot 2023

Retrieved on: 
Friday, July 28, 2023

The comprehensive database covers 27 existing data centers and 30 upcoming data centers in key locations including Belfast, Cork, Dublin, Ennis, Meath, Wicklow, and Clonee.

Key Points: 
  • The comprehensive database covers 27 existing data centers and 30 upcoming data centers in key locations including Belfast, Cork, Dublin, Ennis, Meath, Wicklow, and Clonee.
  • Leading colocation operators such as Echelon Data Centres, K2 Data Centres, EdgeConneX, Vantage Data Centers, Pure Data Centre, Energia Data Centre, and Equinix are actively investing in data centers within Ireland, driving the market's growth.
  • Ireland's corporation tax rate, one of the lowest in the EU at around 12.5%, is a significant advantage for data center construction and expansion in the region.
  • Dublin dominates the Ireland Data Center Market, accounting for over 90% of the existing rack capacity.

Global Intelligent Lighting Control Market Analysis 2023-2031: High Demand for Energy-Efficient Lighting Solutions Propels Growth

Retrieved on: 
Wednesday, July 26, 2023

Global Intelligent Lighting Control Market was valued at USD 12.16 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 23.64% through 2031.

Key Points: 
  • Global Intelligent Lighting Control Market was valued at USD 12.16 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 23.64% through 2031.
  • Intelligent lighting control systems have emerged as a key component of smart lighting solutions, offering the ability to adjust and optimize lighting levels, types, and properties in various spaces.
  • Considering there is a significant need for energy-efficient lighting solutions, the Intelligent Lighting Control Market is predicted to rise at a promising rate in 2023-2031.
  • Company Profiles: Detailed analysis of the major companies present in the Global Intelligent Lighting Control market.

Ireland Existing & Upcoming Data Center Portfolio 2023: Lower Corporation Tax Rates Favour Expansion and Construction

Retrieved on: 
Monday, June 12, 2023

Echelon Data Centres, K2 Data Centres, EdgeConneX, Vantage Data Centers, Pure Data Centre, Energia Data Centre, and Equinix are some colocation operators currently actively investing in data centers in the country.

Key Points: 
  • Echelon Data Centres, K2 Data Centres, EdgeConneX, Vantage Data Centers, Pure Data Centre, Energia Data Centre, and Equinix are some colocation operators currently actively investing in data centers in the country.
  • Ireland has a corporation tax rate of around 12.5%, making it the lowest in the EU (European Union).
  • The lowest tax rates favor data center construction and expansion in the region.
  • Regarding Geography, Dublin accounts for more than 90% of the existing rack capacity in the Ireland Data Center Market.