Australian oil major sets 2040 carbon storage target
Oil and gas major Santos has set a target to build and operate a commercial carbon storage business that would permanently store around 14 million tonnes of third-party CO2 per year by 2040.
Read MoreJapanese trading house, energy company to promote AI-based evaluation system for carbon credits
One of Japan’s largest trading houses has teamed up with a domestic energy company to develop the use of AI tools in evaluating carbon credit quality, they announced Monday.
Read MoreChina thermal power growth slows in October, solar and wind expansion continues
Growth in China’s thermal power generation slowed in October with a sustained high level of coal output, with analysts remaining optimistic about the country’s emissions reduction trajectory given the current pace of renewables expansion.
Read MoreCN Markets: CEAs extend record high again, volume continues to increase
Chinese carbon prices hit record highs again over the past week as the emissions market continued to gather momentum from emerging demand ahead of the year-end compliance deadline.
Read MoreCOP29: South Korea seeks Article 6 opportunities in blue carbon, forestry projects
South Korea is seeking to expand international partnerships on blue carbon and forestry projects, as part of its efforts to secure credits aligned with Article 6 of the Paris Agreement.
Read MoreSK Market: November auction again oversubscribed, spot KAU price increases
South Korea’s latest monthly CO2 permit auction was again oversubscribed with an increase in the clearing price, while sentiment in the spot market continues to improve partly due to the relaxation of the carryover rules.
Read MoreJapan to soon add DAC methodology to national offset programme
Japan is preparing to add an offset methodology for direct air capture (DAC) projects to its national voluntary J-Credit programme.
Read MoreChina can unlock vast methane reductions at negative cost, study finds
China can reduce huge amounts of methane at a profit with the greatest short-term potential available in the energy sector, though the long-term abatement outlook will depend on government support for agriculture to explore its mitigation opportunities, according to a recent study.
Read MoreSouth Korean securities firm taps into biochar, carbon removal business
One of the largest securities firms in South Korea has secured a new biochar contract that could reduce emissions from the livestock sector, as it aims to make a foray into the international voluntary carbon market.
Read MoreChina passes first-ever energy law, backs development of renewables and hydrogen
Chinese legislators have passed the country’s first energy law, giving additional legal clout to the development of renewable energy and hydrogen.
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