Steel emissions remains challenging for South Korean car giant, report says
South Korea’s car making giant Hyundai may start to lose out to peers with stronger emissions reduction plans as tariffs such as the EU Carbon Border Adjustment Mechanism (CBAM) come into effect, penalising automakers whose steel emissions remain high, a think tank said Thursday.
Read MoreIndonesia signs MoU with ExxonMobil for CCS at planned plastics plant
Indonesia signed a Memorandum of Understanding (MoU) with ExxonMobil this week to progress carbon capture and storage (CCS) work in tandem with a $10-billion petrochemical plant.
Read MoreAustralia’s CER opens consultation to ease audit burden for smaller ACCU developers
Australia’s Clean Energy Regulator (CER) on Wednesday opened its draft Audit Thresholds Instrument 2025 for Australian Carbon Credit Units (ACCUs) for consultation.
Read MoreBlue hydrogen too costly to make green steel -report
Using blue hydrogen in new forms of lower-emissions steelmaking instead of green will not have the same level of environmental benefits and will ultimately cost more money, according to a report released this week.
Read MoreAustralia announces A$2 bln green aluminium production credit scheme
Australia is putting A$2 billion ($1.24 bln) behind a green aluminium industry that will use clean energy rather than coal in the production process, offering credits to smelters under a 10-year plan.
Read MoreAnalysts predict big 2025 ramp-up for CCUS
The world looks close to adding 20% new carbon capture utilisation and storage (CCUS) capacity in 2025, a leading energy consultancy said this week, calling it the “largest annual increase to date”.
Read MoreThai bourse to operate carbon market, SEC chief says
Thailand’s Securities and Exchange Commission (SEC) chief said this week that the nation’s bourse will introduce carbon trading in a bid to gain experience and boost liquidity.
Read MoreNuclear resurgence locked and loaded as SMRs lead the way to a new finance era -IEA
Nuclear energy is set to see a resurgence for a complex conflagration of drivers including decarbonisation plans coupled with the need for reliable baseload power, new electricity demand from the computing sector, nations’ interest in energy self-sufficiency, and a projected fall in costs for new types of nuclear energy like small modular reactors (SMRs), according to the International Energy Agency (IEA).
Read MoreResearchers say they may have cracked the blue hydrogen code
Korean researchers believe they may have found a lower cost approach to make hydrogen from natural gas and then liquefy it for export with the same carbon profile than hydrogen made from water and renewable energy.
Read MoreClean energy investment to outpace upstream oil and gas in global first, analysts say
Clean energy investment will in 2025 for the first time overtake upstream spending on oil and gas development with projected spend at $670 billion, according to analysts.
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