- Mon 09:41Bonn chance - The UN's dwindling budget, the global roadmap to $1.3 trillion per year of climate finance, the international work programme for mitigating climate, and the Global Goal on Adaptation are at the top of the agenda for climate negotiators meeting in Bonn over the next 10 days, UNFCCC Executive Secretary Simon Stiell said on Monday morning, opening the intersessional, SB 62. The UNFCCC has found "significant cost savings and efficiencies" in its budget to deliver on its growing mandates, but it's not a sustainable approach, Stiell said, urging countries to address them during the Bonn negotiations. The meeting should also deep-dive into the Baku to Belem Roadmap to $1.3 Trillion, making it a how-to-guide with clear next steps, he said.
- Mon 09:33The Queensland state government in Australia has released a methodology for calculating co-benefits from carbon farming projects for use under its Land Restoration Fund (LRF).
- Mon 09:00Have fun - A karaoke contest that aims to capture the CO2 emitted from breathing out while singing was held during Expo 2025 in Osaka over the weekend, according to the event sponsor Xing Inc. The project builds upon the application of metal organic frameworks (MOFs), a material with an exceptionally high surface area and various functions such as gas adsorption and separation. A wristband with the CO2 capture device was provided for karaoke participants to collect CO2, and the captured CO2 was then dissolved in a foot bath, the company said.
- Mon 08:45Some 32 billion tonnes of CO2e would be kept in the ground if just four countries abandon their oil and gas expansion plans for the next decade, according to an analysis published Monday.
- Mon 08:18Switzerland and Norway are to formally sign a CO2 storage agreement early this week, as both countries seek to strengthen their positions as among the first-movers in scaling cross-border carbon finance deals.
- Mon 05:18We can help - A carbon map system supported by South Korea's land ministry, which visualises data on emissions from buildings and transport infrastructure, will be used in the Asian Development Bank's (ADB) urban planning pilot project in Uzbekistan, Yonhap reported. Sundosoft, the developer of the geographic information system, is set to sign a contract with ADB, the report said. This marks the first case of South Korea's emissions mapping and carbon-neutral urban planning technologies being exported through an international organisation, according to the land ministry.
- Mon 05:17Shaking the tin - Australian junior clean-tech firm Hazer has raised A$8 mln ($5.17 mln) from sophisticated and institutional investors, including A$1 mln from its own board and directors as well as from the investment vehicle of one of the directors and has launched a A$2 mln share purchase plan to its retail arm. The Perth-headquartered hydrogen startup has been working for several years to develop its patented methane-splitting method that uses waste gas and sequesters the resulting carbon in synthetic graphite. It has previously signed MoUs with large industrial groups like South Korea’s Posco.
- Mon 03:42Ad-Tos? - Abu Dhabi’s national oil company ADNOC has made a A$30 bln ($19.45 bln) takeover bid for Australia’s second-largest oil and gas company Santos, offering a 28% premium to the current share price that works out at A$8.80 per share. The Australian company advised the local bourse Monday morning it planned to recommend the offer. ADNOC has promised to retain the Adelaide head office and keep the company and its Australia-heavy assets largely as-is to avoid questions from the Foreign Investment Review Board (FIRB). If successful, ADNOC will take a large LNG portfolio but also some serious decommissioning liabilities and a series of carbon capture and storage (CCS) projects at different stages of development, as well as Santos’ carbon farming ventures, which include projects in PNG.
- Mon 01:15Some marine CO2 removal (mCDR) methods could significantly exacerbate oxygen loss in the world’s oceans, a new study has warned.
- Mon 01:00A total of 63 oil and gas fields in development worldwide could emit over 2 million tonnes of methane annually from their production activities before 2030, resulting in a far greater impact than initially thought, new analysis shows.
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