Investment needed for Asian energy transition ramp-up, bank says
Much work remains in reducing energy-related carbon emissions across developing economies in Asia and the Pacific, a regional multinational development bank said Monday, calling for investment to be ramped up.
Read MoreAgtech soil carbon player debuts new product for instant ACCU access
Australia’s Agriprove Solutions has launched a new product for farmers hoping to access ag-tech and services using existing or future carbon credits, cash, or both, it said Thursday.
Read MoreJapanese policy leaves existing electric steel out to dry -report
Japan’s work decarbonising its industry and driving the uptake of renewable energy and cleaner manufacturing is blighted by its lack of support for those already at the cleaner end of the bell curve, a think tank said this week.
Read MoreSouth Korea needs to get in gear to hit NDC, paper warns
South Korea is nowhere close to meeting its Nationally Determined Contribution (NDC) without doubling its current yearly emissions reductions or the heavy use of international offsets, a paper from two think tanks has warned.
Read MoreJapanese giant presses play on huge CCS project
Another of Australia’s large-scale carbon capture and storage (CCS) projects has hit the starter with its Japanese LNG company operator announcing it has begun preliminary engineering work for a project that could be sequestering millions of tonnes of CO2 by the end of the decade.
Read MoreActivist shareholder urges ore miner to cut emissions, ditch offset use
Australia’s largest iron ore miner has done much to cut its emissions and engaged in forward facing plans to decrease them more but is still not on a Paris-aligned path and must move away from “unscientific” offset reliance, an activist shareholder group said this week.
Read MoreAustralian miner signs electric kit deal to cut carbon emissions
An Australian metals miner has signed a multimillion dollar deal for delivery of another tranche of electric kit as it works to decarbonise diesel-heavy operations in the middle of the desert.
Read MoreAustralian startup promises 80% emissions cut for cement making from new additive
An Australian junior with hopes of decarbonising the high-emitting concrete production sector said Tuesday an independent trial using its product confirmed it can decarbonise concrete while “delivering significant gains in concrete strength”.
Read MoreSafeguard Mechanism compliance sees 7.1 mln ACCUs surrendered, 2.7 MtCO2e reduced
Entities covered under the Safeguard Mechanism surrendered 7.1 million Australian Carbon Credit Units (ACCUs) in 2023-24, as the scheme completed its first compliance cycle after extensive reforms were introduced.
Read MoreMitsubishi partners with shipbuilder to capture ships’ oil production emissions
Mitsubishi Heavy Industries (MHI) and Single Buoy Moorings, a subsidiary of shipbuilder SBM, will study the application of CO2 capture modules on oil production tankers and refine it to the point it can be commercialised and scaled to contribute to carbon neutrality, the two said Tuesday.
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