Mining giant notes bumps in road from brown to green

Published 11:01 on September 29, 2023  /  Last updated at 11:34 on September 29, 2023  / Helen Clark /  Asia Pacific, Australia, International

There is a a looming shortfall of the materials needed for electrification and the energy transition, according to a report released Friday by miner BHP and investment firm BlackRock on the challenges ahead facing the mining sector, new energy sectors, and hard-to-abate sectors such as steel making and cement.

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Green group brands Japanese plastic-to-oil plan a “distraction”

Published 05:19 on September 29, 2023  /  Last updated at 09:36 on September 29, 2023  / Helen Clark /  Asia Pacific, Japan

An anti-plastics waste group has poured cold water on a consortium of Japanese heavyweights’ plans to skim microplastic from the surface of a harbour and turn it into oil, suggesting it is nothing more than a “distraction” in the climate debate.

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Indian green hydrogen ambitions may dampen Australia’s coal exports, report finds

Published 03:45 on September 29, 2023  /  Last updated at 09:27 on September 29, 2023  / Helen Clark /  Asia Pacific, Australia, International, Other APAC

Australia’s metallurgical coal may lose market share in coming decades as China’s steel industry recedes and its domestic production of coking coal rises while India’s plans to transition to using hydrogen in the steel making process could put a further dent on exports, according to a think tank.

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CO2 yet to decouple entirely from GDP growth, rating agency says

Published 10:44 on September 28, 2023  /  Last updated at 10:44 on September 28, 2023  / Helen Clark /  Americas, Asia Pacific, China, EMEA, International

While the link between global CO2 emissions and GDP growth is getting weaker, it has yet to decouple entirely, said a research note published Thursday.

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Miners must do far more to align global critical mineral development with emissions targets, report says

Published 09:09 on September 28, 2023  /  Last updated at 09:09 on September 28, 2023  / Helen Clark /  Americas, Asia Pacific, International, US

A US-based think-tank has suggested better ESG practices, lower emissions technologies, and practices to conserve biodiversity near mines could have far-reaching implications for social licence and ultimately mine permitting, leading to faster development of the critical minerals needed for the world to meet net-zero goals.

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Ammonia trade set to scale up to support green hydrogen exports

Published 10:26 on September 27, 2023  /  Last updated at 00:19 on September 28, 2023  / Helen Clark /  Americas, Asia Pacific, EMEA, International

Ammonia is likely to become a favoured method of transporting hydrogen, and export and import capacity to move it around will grow exponentially in coming decades, according to a report released Wednesday.

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Malaysian bourse trades 16,500 Verra-registered credits in second-day trade

Published 09:18 on September 27, 2023  /  Last updated at 09:18 on September 27, 2023  / Helen Clark /  Asia Pacific, International, Other APAC, Voluntary

The world’s first Shariah-compliant voluntary carbon market opened trading this week, attracting large players but modest volumes.

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Australia could see big cut in emissions by decarbonising three exports -report

Published 09:13 on September 26, 2023  /  Last updated at 09:13 on September 26, 2023  / Helen Clark /  Asia Pacific, Australia

Australia could see a huge export boon and get closer to its targeted 43% drop in emissions by 2030 via investing to green three iron, ammonia, and aluminium, according to a report released Tuesday.

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Far more work needed to drive clean hydrogen uptake despite increase in projects, IEA says

Published 10:51 on September 22, 2023  /  Last updated at 12:37 on September 22, 2023  / Helen Clark /  Americas, Asia Pacific, EMEA, International

Policy and direct investment need to match interest and rhetoric if hydrogen is to become a genuine source of large-scale clean energy, and project delays are to be expected given “stubborn” cost pressures, the International Energy Agency said Friday.

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Australian superannuation fund adopts emissions standards, but may keep oil and gas investments

Published 10:21 on September 22, 2023  /  Last updated at 12:28 on September 22, 2023  / Helen Clark /  Asia Pacific, Australia

An Australian superannuation fund has announced emissions targets in line with the government’s plan to reduce emissions by 43% by 2030 over 2005 levels, though it will only decide on a policy towards oil and gas companies late next year.

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