Australia’s Fortescue abandons hydrogen target, pivots to clean electricity

Published 13:52 on July 17, 2024  /  Last updated at 14:11 on July 17, 2024  / Helen Clark /  Asia Pacific, Australia

One of Australia’s most ambitious hydrogen developers has all but abandoned its plans for the green fuel, it said Wednesday, which the firm had once suggested could rival the scale of Saudi Aramco’s oil output.

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Australia eyes 2025 start for Guarantee of Origin scheme

Published 10:33 on July 16, 2024  /  Last updated at 10:33 on July 16, 2024  / Helen Clark /  Asia Pacific, Australia

Australia is seeking to put legislation in place in time for a late 2025 start for its Guarantee of Origin (GO) scheme, the government said Tuesday.

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Fossil fuel funding falling from Australian banks, but not fast enough -report

Published 00:25 on July 16, 2024  /  Last updated at 00:25 on July 16, 2024  / Helen Clark /  Asia Pacific, Australia, International

Australia’s banks are still funding fossil fuel projects and their developers at a rate inconsistent with Paris climate targets and their own net zero timelines, a report released Tuesday by activist shareholder group Market Forces said.

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Singapore delegation goes carbon credit shopping in Ghana

Published 09:50 on July 15, 2024  /  Last updated at 02:19 on July 16, 2024  / Helen Clark /  Africa, Asia Pacific, EMEA, International, Other APAC, Paris Article 6

Singaporean Minister of State for Trade and Industry Alvin Tan has taken a delegation of 22 companies with him to Ghana this week with the intention of cultivating a pipeline of Article 6 carbon credit projects.

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Renewables targets need to be stronger for 1.5C world, IEA says

Published 11:19 on June 4, 2024  /  Last updated at 11:19 on June 4, 2024  / Helen Clark /  Americas, Asia Pacific, EMEA, International

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.

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Rio Tinto debuts novel, clean steelmaking process

Published 05:49 on June 4, 2024  /  Last updated at 05:49 on June 4, 2024  / Helen Clark /  Asia Pacific, Australia

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.

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Novel hydrogen and graphite developer partners with South Korean steel giant in emissions-cutting plan

Published 10:01 on May 31, 2024  /  Last updated at 10:01 on May 31, 2024  / Helen Clark /  Asia Pacific, Australia, International, South Korea

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.

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Queensland bans all CCS over giant underground water source

Published 07:57 on May 31, 2024  /  Last updated at 07:57 on May 31, 2024  / Helen Clark /  Asia Pacific, Australia

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. 

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Asian CCUS makes strides, will need continued govt support, report finds

Published 08:18 on May 30, 2024  /  Last updated at 09:04 on May 30, 2024  / Helen Clark /  Asia Pacific, Australia, International, Other APAC

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.

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Philippines government partners with developer, bamboo company for large-scale reforestation to earn carbon credits

Published 11:24 on May 29, 2024  /  Last updated at 11:24 on May 29, 2024  / Helen Clark /  Asia Pacific, Nature-based, Other APAC, Voluntary

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.

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