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DOE unveils 2030 strategy for carbon capture

Oct 15, 2024
By Farms.com

New DOE plan targets net-zero with carbon tech

 

The Department of Energy (DOE) has released a forward-looking draft strategy detailing the expansion of carbon capture and storage (CCS) and direct air capture technologies crucial for reaching net-zero greenhouse gas emissions by 2050. This ambitious plan predicts a significant rise in CCS facilities across the U.S., from eighteen currently operational to many more in the next decade.

This strategy involves five specific actions: expanding the infrastructure necessary to support larger-scale carbon capture; enhancing regulatory support across federal agencies; focusing on deploying CCS technologies in high-emission industries like cement; increasing community involvement in CCS projects; and strengthening the U.S. role in international climate diplomacy.

Through these initiatives, the DOE aims to lead by example in the fight against climate change, facilitating a transition to a cleaner environment. This strategy not only supports the technical advancement of carbon management but also promotes economic growth through job creation in new green technologies, embodying a comprehensive approach to tackling one of the most pressing challenges of our time.


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Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz

Video: Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz


The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.