NTT Data, a major data center operator, is buying carbon removal credits from startup Climeworks to help meet its climate goals, the companies exclusively shared with Axios on Thursday. Why it matters: Surging energy demand from AI is increasing scrutiny of data centers' emissions — and could expand the pool of buyers for carbon removal as the sector faces setbacks. Driving the news: Japan-based NTT Data Group has agreed to buy an unspecified amount of carbon removal credits from Climeworks — the first agreement between the Switzerland-based startup and a major AI infrastructure company. - The companies aren't disclosing terms of the agreement, but Climeworks co-CEO Christoph Gebald said the deal could provide a few hundred thousand…
NTT Data, a major data center operator, is buying carbon removal credits from startup Climeworks to help meet its climate goals, the companies exclusively shared with Axios on Thursday. Why it matters: Surging energy demand from AI is increasing scrutiny of data centers' emissions — and could expand the pool of buyers for carbon removal as the sector faces setbacks. Driving the news: Japan-based NTT Data Group has agreed to buy an unspecified amount of carbon removal credits from Climeworks — the first agreement between the Switzerland-based startup and a major AI infrastructure company. - The companies aren't disclosing terms of the agreement, but Climeworks co-CEO Christoph Gebald said the deal could provide a few hundred thousand…Open
The carbon removal industry is reframing its pitch to win support in the Trump era, by focusing on energy dominance over climate change. Why it matters: Billions of dollars have already flowed into a sector built to fight global warming, and its future may depend on how well it fits President Trump's priorities. Driving the news: The shift was on display when two major Biden-era projects got the green light from Trump's Energy Department to move forward earlier this month. "Carbon removal can be the next prosperous and competitive American industry," said Giana Amador, founding executive director of the Carbon Removal Alliance, a trade group launched in 2023 to represent the nascent sector. - Speaking on the sidelines of San Francisco…
The carbon removal industry is reframing its pitch to win support in the Trump era, by focusing on energy dominance over climate change. Why it matters: Billions of dollars have already flowed into a sector built to fight global warming, and its future may depend on how well it fits President Trump's priorities. Driving the news: The shift was on display when two major Biden-era projects got the green light from Trump's Energy Department to move forward earlier this month. "Carbon removal can be the next prosperous and competitive American industry," said Giana Amador, founding executive director of the Carbon Removal Alliance, a trade group launched in 2023 to represent the nascent sector. - Speaking on the sidelines of San Francisco…Open
JPMorganChase has inked a deal with a startup to remove carbon from the air — a step that could also prevent wildfires, Axios has learned. Why it matters: The purchase signals that the carbon removal industry is pushing ahead despite policy setbacks — and highlights how near-term benefits can help drive deals. Driving the news: Graphyte, a carbon removal company founded in 2023, will supply 60,000 tons of removal credits over 10 years from an existing Arkansas project and a planned facility in Arizona enabled by the deal. - Financial terms weren't disclosed. The big picture: Carbon removal — which pulls CO₂ from the atmosphere — is seen as critical to meeting climate goals. - But the market is still in its early stages and has…
JPMorganChase has inked a deal with a startup to remove carbon from the air — a step that could also prevent wildfires, Axios has learned. Why it matters: The purchase signals that the carbon removal industry is pushing ahead despite policy setbacks — and highlights how near-term benefits can help drive deals. Driving the news: Graphyte, a carbon removal company founded in 2023, will supply 60,000 tons of removal credits over 10 years from an existing Arkansas project and a planned facility in Arizona enabled by the deal. - Financial terms weren't disclosed. The big picture: Carbon removal — which pulls CO₂ from the atmosphere — is seen as critical to meeting climate goals. - But the market is still in its early stages and has…Open