Australian steel company invests in low-carbon mill

Published 12:11 on December 10, 2024  /  Last updated at 13:18 on December 10, 2024  / /  Asia Pacific, Australia

Australia is set to get a new, low-carbon steel mill in Queensland built by one of the nation’s largest steel suppliers, who buys from local and international sources.

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29 banking jurisdictions beginning nature focus, UNEP FI says

Published 12:01 on December 10, 2024  /  Last updated at 11:46 on December 10, 2024  / /  Africa, Americas, Asia Pacific, Biodiversity, EMEA, International

Some 29 jurisdictions, totalling more than €75 trillion of banking assets, have started reflecting nature-related considerations in their regulations, the UN Environment Programme Finance Initiative (UNEP FI) has said in a report.

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Balancing power generation technologies could save €65 trillion by 2050, cut carbon by 21% -report

Published 11:51 on December 10, 2024  /  Last updated at 11:51 on December 10, 2024  / /  EMEA, EU ETS

The deployment of balancing power generation technologies such as flexible gas-fired plants and energy storage, alongside renewables, could slash cumulative power system costs by €65 trillion and cut carbon emissions by 21% by 2050, according to a new report.

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FEATURE: Carbon market experts see huge potential for crediting SF6 emissions mitigation from grid expansion

Published 11:28 on December 10, 2024  /  Last updated at 11:28 on December 10, 2024  / /  Americas, Asia Pacific, Climate Talks, EMEA, International, Paris Article 6, Voluntary

Market experts see significant potential in crediting the reduction of sulphur hexafluoride (SF6) emissions linked to grid expansion in the power sector and the clean energy transition, with a German government-backed initiative also looking at the role of carbon finance in the relatively untapped field of mitigation.

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Experts warn CCP-approved REDD carbon methodologies risk significant over-crediting, leave integrity body

Published 11:25 on December 10, 2024  /  Last updated at 15:06 on December 10, 2024  / /  Americas, Asia Pacific, EMEA, International, Nature-based, Voluntary

The Integrity Council for the Voluntary Carbon Market (ICVCM)’s quality assessment process has been put under the spotlight after current and former experts of the stakeholder initiative’s expert panel warned that three recently-approved REDD methodologies could produce “large volumes” of over-crediting, with several members stepping away from the organisation.

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New partnership targets full-chain carbon capture and storage solutions

Published 11:00 on December 10, 2024  /  Last updated at 10:54 on December 10, 2024  / /  EMEA, Voluntary

A carbon capture technology developer has partnered with a carbon storage provider to offer an integrated solution for reducing industrial emissions, the two companies announced on Tuesday.

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Carbon savings from clean tech “vastly outweigh” mining impact -study

Published 09:00 on December 10, 2024  /  Last updated at 13:17 on December 9, 2024  / /  Americas, Asia Pacific, EMEA, International

The total carbon footprint of mining and refining critical raw materials (CRMs) is set to skyrocket 155% by 2035 if no action is taken to reduce environmental impact – but the carbon savings enabled by CRMs outweigh those emissions by a factor of 80, according to a new study.

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Poland puts energy security on top of EU presidency agenda, sidelining climate

Published 08:49 on December 10, 2024  /  Last updated at 09:10 on December 10, 2024  / /  EMEA

Poland is preparing to take over the EU’s six-month rotating presidency at a time of war, the country’s minister of state assets told an EU audience on Monday, saying “immediate security considerations” should take precedence over climate in these troubled times.

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Japanese climate tech company acquires software firm to improve emissions data accuracy

Published 08:46 on December 10, 2024  /  Last updated at 08:46 on December 10, 2024  / /  Asia Pacific, Japan, Voluntary

A Tokyo-based climate tech company has acquired a software firm to streamline emissions data collection and improve the accuracy of primary data, it announced Tuesday.

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Australia consults on sunsetting unused ACCU methods

Published 05:31 on December 10, 2024  /  Last updated at 05:31 on December 10, 2024  / /  Asia Pacific, Australia

The Australian government is seeking feedback on how carbon credit methodologies that have not been taken up should be retired.

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