New carbon capture partnership to explore steelmaking decarbonisation in India
A UK carbon capture firm will collaborate with an Indian steelmaker and a global mining company to speed up the deployment of carbon capture technology to decarbonise steel in India, it announced on Thursday.
Read MoreUK rolls out ‘cap and floor’ scheme to draw investment in long-duration energy storage
The UK government announced on Thursday a new “cap and floor” scheme to incentivise billions in private investment in long-duration energy storage (LDES) technologies to support renewable power integration and boost energy security.
Read MoreMulti-donor initiative pledges $2.5 bln to help Cameroon halt deforestation
A UN-backed multi-donor coalition this week committed $2.5 billion over the next decade to support Cameroon in transitioning away from traditional land-use practices towards deforestation-free production models.
Read MoreGreen hydrogen costs may far exceed estimates once storage, distribution are factored in -report
Despite the growing interest in green hydrogen as a way to decarbonise hard-to-abate sectors, its high carbon abatement costs — driven largely by storage and distribution expenses — may hinder widespread adoption, according to new research.
Read MoreClimate tech firm launches spin-off for carbon capture and fertiliser production
A Swiss climate technology company has launched a new entity that will take over key projects, such as transforming sulphur into ammonium sulphate fertiliser and developing carbon capture solutions, it announced on Wednesday.
Read MoreEnergy emissions will peak in 2024, but Paris goals still out of reach -report
Global energy-related emissions will likely peak in 2024 and start a sustained decline for the first time since the industrial revolution – yet global warming will remain on track to shoot past 2C, according to a report on Wednesday.
Read MoreMethane standards-setter announces certification of Europe’s largest LNG terminal
A Colorado-based methane standards-setter has certified Europe’s largest LNG terminal, it announced on Wednesday during the BloombergNEF London Summit.
Read MoreUS carbon standard registers first biochar project
A US-based carbon credits standard has registered the first project under its biochar methodology, the company said in a press release.
Read MoreUK shipping industry lays out £700 mln investment plan to reach net zero by 2050
A UK shipping trade association is calling for a £700 million government investment in the country’s upcoming budget, as part of a roadmap to carry the sector to net zero emissions by 2050.
Read More85% of banks worldwide still open to financing new coal -report
Some 85% of banks are open to financing new coal projects, and only 8% of banks are committed to ending project financing of new oil and gas fields, according to research published on Tuesday.
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