Trafigura is part of the First Movers Coalition
Trafigura backs DACS with credit purchase pledge
Commodities trader signs up to carbon removal commitment set by First Movers Coalition
Global commodities trader Trafigura has made a new commitment to support emerging carbon removal technologies including direct air capture and storage (DACS), bioenergy with carbon capture and storage (Beccs) and biomass carbon removal and storage (Bicrs). The Singapore-based company has pledged to buy at least 50,000t of “durable and scalable” net carbon dioxide removal credits by the end of 2030. The commitment, which Trafigura says is subject to the availability of the right technology, aligns with the core pledges set out by the First Movers Coalition (FMC), a global initiative set up by the World Economic Forum and the US Department of State to build up markets for clean technologies.
Also in this section
14 January 2025
Bioenergy will be a key part of the energy transition as the world decarbonises, and Brazil is set to be a major player in the sector
14 January 2025
The region has ample resources of both gas and renewable energy and developing both will be vital to the global effort to reduce emissions
13 January 2025
The region’s fast-growing economies stand at a pivotal juncture, with the opportunity to drive a sustainable growth strategy that will keep the world’s net-zero ambitions alive
10 January 2025
Global energy demand keeps rising, and digital technology will play a crucial role in both meeting that demand and doing so in a sustainable way
