• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

2

Current price of gold as of July 8, 2026

3

Self-made multimillionaire says Canadians 'give no money away' compared with Americans—research shows U.S. giving is more than twice as high

1

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

2

Current price of gold as of July 8, 2026

3

Self-made multimillionaire says Canadians 'give no money away' compared with Americans—research shows U.S. giving is more than twice as high
EnvironmentCarbon Emissions
Europe

Germany’s latest ‘net zero’ plan involves storing carbon dioxide underground beneath the sea

By
Geir Moulson
Geir Moulson
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Geir Moulson
Geir Moulson
and
The Associated Press
The Associated Press
Down Arrow Button Icon
February 26, 2024, 7:29 AM ET
German Federal Economy and Climate Action Minister Robert Habeck leaves after presenting the 2024 German economy report and projection to the media on Feb. 21, 2024 in Berlin.
German Federal Economy and Climate Action Minister Robert Habeck leaves after presenting the 2024 German economy report and projection to the media on Feb. 21, 2024 in Berlin. Michele Tantussi—Getty Images
Add Fortune on Google for similar content.

Germany plans to enable underground carbon storage at offshore sites, pushing ahead with a much-discussed technology in an acknowledgement that time is running out to combat climate change, the country’s vice chancellor said Monday.

Europe’s biggest economy is making good progress with expanding renewable energy sources and usage, but a solution is needed for the carbon dioxide emitted by some sectors such as the cement industry that are “hard to abate,” said Robert Habeck, who is also the economy and climate minister.

Germany, which is home to many energy-intensive industries, aims to cut its emissions to “net zero” by 2045.

Habeck’s proposed “carbon management strategy,” which still needs to be turned into detailed legislation, foresees enabling the transport of carbon dioxide and its storage under the sea in Germany’s exclusive economic zone, except in marine conservation areas. It doesn’t foresee allowing storage sites on land, but Habeck said that could be considered later if German state governments approve.

Opponents maintain that so-called carbon capture and storage is unproven at scale and has been less effective than alternatives such as solar and wind at decarbonizing the energy sector.

Habeck, a member of the environmentalist Green party, recalled opposition to carbon storage when it was discussed in the 2000s. But he said “the technology has been developed further … and from my point of view it is mature and safe,” and that it is now being used elsewhere, not just in research projects.

Neighboring Denmark last year launched an ambitious project that aims to bury vast amounts of carbon dioxide beneath the North Sea.

“Time has run out,” Habeck said at a news conference in Berlin. “In the 2000s, you could perhaps say, ‘let’s wait and see what might happen’; today we see that we haven’t found any technological solution for cement and other areas that ensures climate neutrality.”

“We are heading toward exceeding 1.5 degrees, which means that we are no longer in a luxury or comfort zone where we can somehow wait,” Habeck added. “We have to use what we have.”

He was referencing the international goal of trying to limit future warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) since pre-industrial times.

Stopping warming at 1.5 C or so can avoid or at least lessen some of the most catastrophic future climate change harms and for some people is a life-or-death matter, scientists have found in many reports.

Habeck said it will be “a few years” before Germany can store CO2 under the sea, and that it would be wise to coordinate European initiatives. As well as the Danish project, he pointed to Norway, the Netherlands and the United Kingdom.

Environmental group Greenpeace complained that the German plans “bear the mark of the energy industry and heavy industry” and would allow even industries for which there are “climate-friendly solutions” to carry on as they have to date.

“That is expensive, not sustainable and encumbers future generations with further long-term liabilities,” Karsten Smid, an energy expert with the group’s German branch, said in a statement.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it.
About the Authors
By Geir Moulson
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Environment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Environment

Microsoft’s emissions surged 25% in 2025 during data center boom
EnvironmentMicrosoft
Microsoft’s emissions surged 25% in 2025 during data center boom
By Matt Day and BloombergJuly 9, 2026
4 hours ago
This year’s El Niño is not ‘run-of-the-mill’—and it could rival one that killed 23,000
EnvironmentWeather and forecasting
This year’s El Niño is not ‘run-of-the-mill’—and it could rival one that killed 23,000
By Seth Borenstein and The Associated PressJuly 9, 2026
9 hours ago
kg
EnvironmentAutomation
Ken Griffin says everyone is misinterpreting the AI revolution — and wishes Zohran and Bernie would ‘read a damn history book for once’
By Nick LichtenbergJuly 9, 2026
10 hours ago
Vets issue urgent warning to pet owners as flesh-eating screwworm spreads through Texas and New Mexico
Healthpets
Vets issue urgent warning to pet owners as flesh-eating screwworm spreads through Texas and New Mexico
By John Hanna and The Associated PressJuly 8, 2026
1 day ago
How climate change could raise your water bill
EnvironmentConsumer Prices
How climate change could raise your water bill
By Emma Court and BloombergJuly 8, 2026
1 day ago
Andrew Forrest, chairman of Fortescue Metals Group Ltd., during a panel session at the World Economic Forum (WEF) Annual Meeting of the New Champions in Dalian, China, on Tuesday, June 23, 2026.
C-SuiteLeadership
Mining CEO worth $24 billion nearly drowned and had to break his own leg in a freak hiking accident—he used the recovery time to go back to school
By Eleanor PringleJuly 8, 2026
1 day ago

Most Popular

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
Success
Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
By Preston ForeJuly 6, 2026
3 days ago
Current price of gold as of July 8, 2026
Personal Finance
Current price of gold as of July 8, 2026
By Danny BakstJuly 8, 2026
1 day ago
Self-made multimillionaire says Canadians 'give no money away' compared with Americans—research shows U.S. giving is more than twice as high
Success
Self-made multimillionaire says Canadians 'give no money away' compared with Americans—research shows U.S. giving is more than twice as high
By Preston ForeJuly 9, 2026
7 hours ago
Investment firm's cofounder sues after being fired for neglecting the in-person work mandate he signed, saying it applies to employees not owners
Law
Investment firm's cofounder sues after being fired for neglecting the in-person work mandate he signed, saying it applies to employees not owners
By Jason MaJuly 5, 2026
4 days ago
Current price of oil as of July 9, 2026
Personal Finance
Current price of oil as of July 9, 2026
By Joseph HostetlerJuly 9, 2026
10 hours ago
Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
AI
Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
By Marco Quiroz-GutierrezJuly 5, 2026
4 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our and Privacy Policy |  | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.