Renewables targets need to be stronger for 1.5C world, IEA says
Countries are on track to fall well short of the goal of tripling renewable penetration by the end of this decade, and even if all planned new capacity gets installed by the end of the decade it will still be insufficient to align with the 1.5C target, the International Energy Agency (IEA) said Tuesday.
Read MoreRio Tinto debuts novel, clean steelmaking process
Australian mining giant Rio Tinto announced Tuesday it will spend $143 million on an R&D facility to assess the effectiveness of its novel low-carbon ironmaking process, dubbed BioIron, that it says could cut up to 95% of the emissions associated with steelmaking.
Read MoreNovel hydrogen and graphite developer partners with South Korean steel giant in emissions-cutting plan
Western Australia-based hydrogen and graphite start up Hazer on Friday announced it has signed a Memorandum of Understanding with South Korean steelmaking giant Posco to collaborate on green steel development.
Read MoreQueensland bans all CCS over giant underground water source
The Queensland government on Friday permanently banned carbon capture and storage (CCS) anywhere in the state above its vast Great Artesian Basin (GAB) to protect a water source vital to its agricultural industry.
Read MoreAsian CCUS makes strides, will need continued govt support, report finds
Last year saw rapid progress for CCS and CCUS projects across Asia Pacific, with the ability to start dealing with CO2 imports making strides in key regions like Australia, Indonesia, and Malaysia, consultants said Thursday.
Read MorePhilippines government partners with developer, bamboo company for large-scale reforestation to earn carbon credits
The Philippine government and a French land-based carbon project developer signed an agreement Wednesday to restore 90,000 hectares of degraded forest in the northwest of Samar Island’s natural park, in partnership with a local bamboo firm.
Read MoreChina sets up $210-mln biodiversity fund for developing nations
China has launched the Kunming Biodiversity Fund, with the signing of the new venture witnessed by Chinese environmental officials and UN agencies this week after first establishing the framework over two years ago.
Read MoreAustralia’s major retirement funds remain too committed to fossil fuel-weighted investment -report
Activist shareholder group Market Forces, which was among those standing up to give Woodside Energy a black eye over its failed climate plans at its April annual general meeting, said Tuesday Australian superannuation funds have increased their exposure to fossil fuel companies despite net zero target dates of 2050.
Read MoreDeclining biodiversity and increasing carbon caught in vicious loop, report says
Declining biodiversity will hit stored carbon stocks given an ecosystem’s ability to keep carbon out of the air is linked to its biological diversity, a paper published last week has found.
Read MoreClimate change takes backseat role as G7 finance ministers have focus elsewhere
G7 finance ministers and central banks met in Italy over the weekend, but with focus on issues like artificial intelligence and Ukraine there was little room for earnest talks on climate issues.
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