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Haroldlox

03 Jul 2025 - 08:00 pm

This company says its technology can help save the world. It’s now cutting 20% of its staff as Trump slashes climate funding
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Two huge plants in Iceland operate like giant vacuum cleaners, sucking in air and stripping out planet-heating carbon pollution. This much-hyped climate technology is called direct air capture, and the company behind these plants, Switzerland-based Climeworks, is perhaps its most high-profile proponent.

But a year after opening a huge new facility, Climeworks is straining against strong headwinds. The company announced this month it would lay off around 20% of its workforce, blaming economic uncertainties and shifting climate policy priorities.
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“We’ve always known this journey would be demanding. Today, we find ourselves navigating a challenging time,” Climeworks’ CEOs Christoph Gebald and Jan Wurzbacher said in a statement.

This is particularly true of its US ambitions. A new direct air capture plant planned for Louisiana, which received $50 million in funding from the Biden administration, hangs in the balance as President Donald Trump slashes climate funding.

Climeworks also faces mounting criticism for operating at only a fraction of its maximum capacity, and for failing to remove more climate pollution than it emits.

The company says these are teething pains inherent in setting up a new industry from scratch and that it has entered a new phase of global scale up. “The overall trajectory will be positive as we continue to define the technology,” said a Climeworks spokesperson.

For critics, however, these headwinds are evidence direct air capture is an expensive, shiny distraction from effective climate action.

Johnnyvox

03 Jul 2025 - 07:56 pm

‘Extraordinary rainstorm’ floods Nebraska city, triggers water rescues
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An entire June’s worth of rain fell in just a few hours over Grand Island, Nebraska, Wednesday night, triggering life-threatening flash flooding that inundated neighborhoods, stranded motorists and forced water rescues.

Crews have responded to dozens of calls to assist motorists stuck in flooded roads since torrential rain began Wednesday night, according to Spencer Schubert, the city’s communications manager. The flooding has also displaced an unspecified number of residents from their homes.
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“At this time we have no injuries to report,” Schubert said early Thursday morning, noting some rescues were ongoing.

Torrential rain caused sewers to back up into several homes and sent floodwater running into basements, according to a Thursday news release from the city. Some affected residents took shelter at local hotels or with friends and family.

“This was an extraordinary rainstorm and is very similar to the historic rains seen in the 2005 floods,” Jon Rosenlund, the city’s emergency director said. “We will be actively monitoring rivers, creeks and other drainage areas over the next few days for future flooding issues.”

Flooding in 2005 turned streets into rivers in Grand Island. At one point, the city tore up a major road to open up a channel to drain flooding away from homes, CNN affiliate KHGI reported.

The central Nebraskan city is home to around 53,000 people and is about 130 miles southwest of Omaha. The rain came to an end around sunrise Thursday, but the danger remains, with a flood warning in effect until 7 p.m. CDT.

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03 Jul 2025 - 12:49 pm

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Antionehoutt

03 Jul 2025 - 12:27 pm

“It’s true that both plants are not yet operating at the capacity we originally targeted,” said the Climeworks spokesperson.
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“Like all transformative innovations, progress is iterative, and some steps may take longer than anticipated,” they said.

The company’s prospective third plant in Louisiana aims to remove 1 million tons of carbon a year by 2030, but it’s uncertain whether construction will proceed under the Trump administration.

A Department of Energy spokesperson said a department-wide review was underway “to ensure all activities follow the law, comply with applicable court orders and align with the Trump administration’s priorities.” The government has a mandate “to unleash ‘American Energy Dominance’,” they added.

Direct air capture’s success will also depend on companies’ willingness to buy carbon credits.
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Currently companies are pretty free to “use the atmosphere as a waste dump,” said Holly Buck, assistant professor of environment and sustainability at the University at Buffalo. “This lack of regulation means there is not yet a strong business case for cleaning this waste up,” she told CNN.

Another criticism leveled at Climeworks is its failure to offset its own climate pollution. The carbon produced by its corporate activities, such as office space and travel, outweighs the carbon removed by its plants.

The company says its plants already remove more carbon than they produce and corporate emissions “will become irrelevant as the size of our plants scales up.”

Some, however, believe the challenges Climeworks face tell a broader story about direct air capture.

This should be a “wake-up call,” said Lili Fuhr, director of the fossil economy program at the Center for International Environmental Law. Climeworks’ problems are not “outliers,” she told CNN, “but reflect persistent technical and economic hurdles faced by the direct air capture industry worldwide.”

“The climate crisis demands real action, not speculative tech that overpromises and underdelivers.” she added.

Some of the Climeworks’ problems are “related to normal first-of-a-kind scaling challenges with emerging complex engineering projects,” Buck said.

But the technology has a steep path to becoming cheaper and more efficient, especially with US slashing funding for climate policies, she added. “This kind of policy instability and backtracking on contracts will be terrible for a range of technologies and innovations, not just direct air capture.”

Direct air capture is definitely feasible but its hard, said MIT’s Buck. Whether it succeeds will depend on a slew of factors including technological improvements and creating markets for carbon removals, he said.

“At this point in time, no one really knows how large a role direct air capture will play in the future.”

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03 Jul 2025 - 08:57 am

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Chrislib

03 Jul 2025 - 08:46 am

Ethena: The Future of Crypto and DeFi Innovation
Ethena is rapidly emerging as a prominent name in the world of cryptocurrency and decentralized finance (DeFi). With a focus on security, innovation, and user-centric solutions, Ethena is shaping the future of digital assets and financial protocols. Let’s explore the key aspects associated with Ethena, including its platforms, tokens, and ecosystem.
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Ethena Overview
Ethena is a blockchain project dedicated to creating secure, scalable, and user-friendly DeFi solutions. Its ecosystem encompasses various components such as Ethena Fi, Ethena Lab, and its native tokens like Ethena USDE. The project aims to bridge traditional finance with innovative crypto solutions, making decentralized finance accessible to a broader audience.

Ethena Fi
Ethena Fi is the decentralized finance platform built on the Ethena ecosystem. It offers a suite of financial products including lending, borrowing, staking, and yield farming. Ethena Fi emphasizes security and transparency, providing users with reliable tools to grow their crypto assets.

Ethena Finance
Ethena Finance refers to the broader financial ecosystem powered by Ethena’s blockchain technology. It integrates various DeFi protocols, enabling seamless asset management, liquidity provision, and crypto trading. Ethena Finance aims to create a comprehensive financial environment where users can leverage their crypto holdings efficiently.

Ethena Lab
Ethena Lab is the innovation hub within the Ethena ecosystem. It focuses on research, development, and testing of new blockchain solutions, smart contracts, and DeFi protocols. Ethena Lab drives continuous innovation, ensuring the platform remains at the forefront of crypto technology.

Ethena USDE
Ethena USDE is the native stablecoin of the Ethena ecosystem. Pegged to a stable asset, USDE provides a reliable medium of exchange within the platform, facilitating smooth transactions, lending, and borrowing activities. It aims to maintain stability while offering the benefits of decentralization.

Ethena Finance Crypto
Ethena Finance crypto encompasses the entire range of digital assets, tokens, and protocols developed under the Ethena project. It includes the native tokens, stablecoins, and other crypto assets that facilitate DeFi operations, liquidity pools, and decentralized trading.

Bernardacume

03 Jul 2025 - 05:44 am

Aerodrome Finance: Innovations and Opportunities
In today's evolving landscape, the development of aerodrome infrastructure and related financial tools is becoming increasingly significant. This article explores key aspects of aerodrome finance, along with emerging trends in decentralized finance (DeFi), such as aerodrome swap, aerodrome exchange, and aerodrome DEX.
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What is Aerodrome Finance?
Aerodrome finance refers to the integration of traditional aerodrome operations with modern financial technologies, enabling optimized management of assets, investments, and operations at aerodrome bases. This concept involves creating specialized aerodrome bases that serve as platforms for financial transactions and investment activities.

Aerodrome Base
An aerodrome base is a foundational platform that combines aerodrome infrastructure with financial instruments. It provides transparency, security, and efficiency in asset management and acts as a core for implementing innovative financial solutions.

Aerodrome Swap
An aerodrome swap is a financial instrument allowing participants to exchange assets or liabilities related to aerodrome infrastructure. Such swaps help manage risks associated with fluctuations in asset values or currency exchange rates.

Aerodrome Exchange
An aerodrome exchange is a marketplace for trading assets linked to aerodromes, including tokens representing infrastructure or other financial instruments. It ensures liquidity and market access for investors and operators.

Aerodrome DeFi Solutions
Aerodrome DeFi involves applying decentralized finance protocols within the aerodrome sector. This includes establishing aerodrome finance bases where users can obtain loans, participate in liquidity pools, and earn yields by providing liquidity.

Aerodrome DEX
An aerodrome DEX is a decentralized exchange that facilitates token swaps without intermediaries. This aerodrome DEX promotes local market development and enhances access to financial services for industry participants.

Harveypinna

03 Jul 2025 - 04:38 am

“Generally, if people were more informed about the average
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(environmental) cost of generating a response, people would maybe start thinking, ‘Is it really necessary to turn myself into an action figure just because I’m bored?’ Or ‘do I have to tell ChatGPT jokes because I have nothing to do?’” Dauner said.

Additionally, as more companies push to add generative AI tools to their systems, people may not have much choice how or when they use the technology, Luccioni said.

“We don’t need generative AI in web search. Nobody asked for AI chatbots in (messaging apps) or on social media,” Luccioni said. “This race to stuff them into every single existing technology is truly infuriating, since it comes with real consequences to our planet.”
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With less available information about AI’s resource usage, consumers have less choice, Ren said, adding that regulatory pressures for more transparency are unlikely to the United States anytime soon. Instead, the best hope for more energy-efficient AI may lie in the cost efficacy of using less energy.

“Overall, I’m still positive about (the future). There are many software engineers working hard to improve resource efficiency,” Ren said. “Other industries consume a lot of energy too, but it’s not a reason to suggest AI’s environmental impact is not a problem. We should definitely pay attention.”

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