World could add 40% new LNG capacity before decade’s end, report says
The world’s long-term supply of LNG may well outstrip demand and markets may tip into oversupply in just two years, according to a report published this week, adding to concerns over the fossil fuel industry’s ability to reduce carbon emissions in line with global targets.
Read MoreAustralia’s largest resources export state fails again to buck emissions trend
Carbon emissions rose in Australia’s main gas-exporting state in 2022, government data showed Wednesday, making it tougher for the country to meet its obligations under the Paris Agreement.
Read MoreAustralia’s Woodside sees climate plans rejected by AGM
Australia’s Woodside Energy saw its climate action plan rejected by shareholders at its annual general meeting in Perth on Wednesday with nearly 60% of investors voting against it, while the chairman suffered one of the largest shareholder revolts recorded for an ASX50 company in recent years.
Read MoreNatural capital fund launches with eyes on Article 6 market
A Singapore-based environmental venture and a global natural capital firm have partnered to launch a new fund tied to Article 6 deals with governments, the two announced Tuesday.
Read MorePrivate companies lag on net zero commitments, report says
Public companies are well ahead of their private counterparts when it comes to setting emissions reduction targets and net zero pledges, with a far larger proportion of the latter yet to make any, according to a report released Monday.
Read MoreNew Zealand pledges climate finance for Southeast Asia, looks at Article 6 tie with the Philippines
New Zealand has committed NZ$41 million ($25 mln) in climate finance to Southeast Asia via the Asian Development Bank’s (ADB) Energy Transition Mechanism (ETM), it said Friday, while entering into early talks with the Philippines over potential cooperation on Article 6.
Read MoreJapanese, Indian firms sign deal on green ammonia collaboration
A major Japanese energy company has signed an initial agreement with India’s biggest renewable energy firm on ammonia supply, the second such deal in recent months for a fuel deemed by the Indian government as eligible for export under Article 6 of the Paris Agreement.
Read MoreIndonesian nickel mining could destroy 500,000 ha of forest -report
In Indonesia, an area the size of Singapore has already been deforested to supply the nation’s booming nickel industry, and eight times that amount of forest could be under threat, according to a report released Thursday.
Read MoreDenmark completes funding round for carbon capture work
Denmark’s Energy Agency (DEA) has awarded three contracts to companies for new carbon capture and storage projects after completing the funding round for negative CO2 emissions (NECCS).
Read MoreCCS won’t solve steel emissions -report
Carbon capture and storage has been passed by for better technologies to decarbonise the steel sector, according to analysis released this week.
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