Quaise Energy has secured $134 million in Series B financing for Project Obsidian, which aims to deliver electricity to the grid by 2030 by harnessing superhot geothermal energy in Oregon, targeting subterranean temperatures between 300°C and 500°C. The innovative millimetre wave drilling technology underpinning the project has the potential to contribute significantly to sustainable energy solutions, although additional funding is necessary for full commercial deployment.
At the Our Ocean Conference in Mombasa, governments and institutions pledged billions to advance the blue economy through initiatives such as cleaner shipping and marine protection, recognizing the critical role of community involvement and rigorous environmental impact assessments. These discussions highlighted the importance of respecting indigenous knowledge systems to ensure sustainable development pathways.
In the realm of corporate accountability, courts worldwide are navigating the complexities of holding fossil fuel companies accountable for their Scope 3 emissions, which represent a significant portion of their climate impact. While there is growing recognition of corporate responsibility, challenges persist in establishing clear sectoral standards and reduction targets.
Additionally, a study from UC San Diego suggests that geoengineering techniques, specifically marine cloud brightening, may mitigate the impacts of extreme weather events, including “super” El Niño phenomena, underscoring the potential for innovative solutions in addressing climate-related challenges.
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Places mentioned in this update: Ireland, Mombasa, New York State, Oregon, PlemCat, Spanish Mediterranean