Latest news with #climateobjectives
Arab News
28-07-2025
- Business
- Arab News
Energy minister inaugurates carbon capture unit at KAPSARC
RIYADH: A new test unit for carbon capture technology was inaugurated by Saudi Arabia's energy minister on Sunday following its installation at the King Abdullah Petroleum Studies and Research Center in Riyadh. Developed in partnership with Swiss company Climeworks, the unit is already operational, capturing carbon dioxide directly from the atmosphere. A key objective of the project is to assess the unit's performance under the Kingdom's harsh climatic conditions and high temperatures, differing from similar technologies employed in colder countries. The inauguration follows an announcement in March from Saudi Aramco, which launched the Kingdom's first direct air capture test unit. The new unit highlights Saudi Arabia's commitment to advancing the circular carbon economy by deploying direct air capture solutions in pursuit of its climate objectives aligned with Vision 2030 sustainability goals. It also demonstrates the economic potential of localizing direct air capture technologies, leveraging the country's vast renewable energy resources. The installation of the unit is part of a broader feasibility study launched after a memorandum of understanding was signed last December during the Saudi Green Initiative Forum. Saudi Arabia has announced a target to capture and utilize up to 44 million tonnes of carbon dioxide annually by 2035 through the development of major Carbon Capture, Utilization, and Storage hubs in the eastern and western regions. These centers will be designed to collect industrial emissions and convert captured carbon into high-value products. Ongoing studies are also exploring the potential to localize key materials and components of carbon capture systems, enhancing opportunities to build a robust domestic supply chain for the emerging sector.
France 24
11-07-2025
- Business
- France 24
Can the EU's Clean Industrial Deal deliver for Europeans? Juggling competitiveness and green goals
One of your browser extensions seems to be blocking the video player from loading. To watch this content, you may need to disable it on this site. To display this content from YouTube, you must enable advertisement tracking and audience measurement. The Green Deal is often seen as the flagship project of the previous EU mandate. But after last year's European elections, in which right-wing parties performed well, the Green Deal was rebranded as the Clean Industrial Deal. There is now more emphasis on industrial revival and competitiveness. MEPs and members of the European Commission say the EU should not have to choose between re-industrialisation and meeting climate objectives, but rather do both. Officially, the goal of becoming climate-neutral by 2050 remains. In practice, though, how to strike that balance is a bone of contention between competing political forces in the European Union. We dive into what's at stake with two MEPs. Programme prepared by Perrine Desplats and Isabelle Romero
