China needs CCS but the technology requires better incentives -study
China will need carbon capture and storage (CCS) to reduce emissions from its most polluting sectors and both subsidies and credit finance will be useful to roll out the technology, but incentives will also “exacerbate the carbon rebound effect”, researchers have warned, highlighting trade offs.
Read MoreAustralian miner partners with steel giant for green iron project
Australian iron ore miner Fortescue and Chinese steelmaker Baowu signed a memorandum of understanding this week in Shanghai to pursue green iron making, one of Fortescue’s great green dreams for decarbonisation and an ultimate realisation of ‘real zero’, as opposed to net-zero.
Read MoreIndonesia looking to expand customary forest management, says organisation
Indonesia is looking to protect 5 million hectares of forest land by forming a task force that will drive recognition of customary land holders, the Customary Territory Registration Agency (BRWA) said this week.
Read MoreEU methane regulations could hit LNG, but drive low-carbon cargo uptake -analysis
New European regulations on methane imports will pose challenges and possible boons for LNG importers and those planning exports to the continent, according to an analysis published this week.
Read MoreInvestors file resolution ahead of Shell annual meeting questioning gas plans
A group of activist and institutional shareholders have filed a resolution against Shell and its gas expansion plans at the oil giant’s upcoming annual general meeting (AGM), a statement by the group said Tuesday.
Read MoreID Market: 2024 trade a fraction of first-day burst but participants grow to 100
Indonesia’s carbon market closed December with a total of some 400,000 tonnes of carbon traded over the year, despite a steep end-of-year downturn, market data showed.
Read MoreWorld Bank commits $900 mln to Bangladesh for carbon market access, climate resilience
The World Bank and Bangladesh have signed two financing agreements worth $900 million, part of which will help expand the country’s access to carbon markets, the organisation said this week.
Read MoreID Market: November traded volumes rise sharply
Indonesia saw an uptick in activity on in its domestic carbon market in November, with traded volumes of Indonesia Technology Based Solutions (ITBS) units totalling 1,552 compared with the prior month’s 379, according to monthly data published by its exchange.
Read MoreAustralia’s large miners push back against SBTi Scope 3 emissions cuts
A group of the largest miners working in Australia have “warmly welcomed” the Science-based Target initiative’s (SBTi) discussion paper on Scope 3 emissions, but said the idea of up to a 50% cut in Scope 3 emissions by next decade would not be possible.
Read MoreAustralia approves four more coal mine life extensions
Australia on Thursday approved life extensions for four more coal mines, to condemnation from environmental groups.
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