
What are the IFRS Sustainability Disclosure Standards?
In this article we’ll explore what the IFRS Foundation is, why it created IFRS S1 and S2, and what the standards require from companies.
Put most simply, carbon capturing is the act of capturing carbon before it is released into the atmosphere, with the goal of mitigating its effects on the climate.
Carbon capture refers to part of a climate change mitigation process involving several steps.
Carbon can be captured directly from a location in which carbon is produced, such as coal and has power plants, or factories of steel or cement for example, by separating it from other gasses and byproducts of production. It is then compressed in a form fit for transport, and can be shipped via designated pipelines, by truck, or by ship. It is then permanently stored in secure underground locations. Carbon capture is a necessary step for achieving the IPCC’s recommendation of limiting global temperature increase by 1.5C.
