Australia spends on new tech to reduce ‘hard-to-abate’ emissions, cement the winner
Australia on Tuesday announced A$65 million ($43 mln) in new spending on seven projects to support smaller, more nascent carbon capture, storage, and utilisation projects across the nation, with a focus on technologies to reduce emissions from the cement manufacturing process.
Read MoreStudy finds close balancing act for carbon storage in world’s forests
The world’s forests have been finely balancing carbon sequestration for the past three decades as the ability of some forests to store the greenhouse gas has dropped while others expanded, a global study of 30 years of data to 2019 found.
Read MoreMiners want coal to make steel, money men think otherwise -report
Investors believe steel can be made cleanly and are willing to spend on it, whilst also being increasingly sceptical about the long-term financial viability of the metallurgical coal used to make the vast majority of steel, an Australian activist investor group said Friday in a report based on a survey of 500 respondents from 34 nations with cumulative billions of dollars under management.
Read MoreAustralia’s Fortescue abandons hydrogen target, pivots to clean electricity
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.
Read MoreAustralia eyes 2025 start for Guarantee of Origin scheme
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.
Read MoreFossil fuel funding falling from Australian banks, but not fast enough -report
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.
Read MoreSingapore delegation goes carbon credit shopping in Ghana
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.
Read MoreRenewables 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.
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