CCS capacity ramping up, NDCs may drive further growth, says report
There are now 50 carbon capture and storage (CCS) facilities operating across the world and another 628 in various stages of development, according to a report released Tuesday, with the inclusion of the technology in national UN climate strategies likely to drive further expansion.
Read MoreLNG ship building outpaces gas demand, not compliant even with most conservative climate scenario, report says
The ‘golden age’ of gas and the expanding trade in LNG has led to a glut of carriers being built that is incompatible with even the most conservative climate outlook from the International Energy Agency, a think tank said Monday.
Read MoreSatellite data tool finds methane leaks could be higher than reported in Australia
Emissions from 20 methane leak hotspots could be twice the official number, according to a Canberra-based think tank that has examined the sites using a new satellite measuring tool offering granularity past the self reporting required of emitters under Australian law.
Read MoreRenewables ramp up beyond policy plans but won’t hit COP28 target, IEA says
Renewable energy growth will be swift and large but still fall short of the commitment made at COP28 to triple penetration by the end of the decade even as it outpaces nations’ current ambitions, the International Energy Agency (IEA) said Wednesday in a renewables report.
Read MoreFEATURE: New Zealand looks to bring back gas, but challenges abound
A spike in the electricity price at the end of August in New Zealand forced an urgent review of the power sector and helped hasten a possible return of gas, via reversing a ban on new exploration permits put in place in 2018 by the then-Jacinda Ardern led Labour government.
Read MoreAustralian climate tech VC firm raises A$100 mln in new round
An Australian climate tech company has raised A$100 million ($67 mln) from the nation’s oldest bank and its clean energy financier for investment into a range of decarbonisation areas, it said Tuesday.
Read MoreSingapore opens decarbonisation plans for comment ahead of NDC submission
Singapore has opened its decarbonisation plans for public comment beginning Tuesday, as it begins work on its upcoming Nationally Determined Contribution (NDC), due in 2025.
Read MoreBHP, Indian steel giant sign MoU for new ways to make commodity more cleanly
The world’s largest miner, BHP, is partnering with a steelmaker to start addressing its iron ore Scope 3 emissions, it announced Tuesday.
Read MoreLaos prepares for access to international carbon market
Heavily forested Laos has issued a decree to “define principles” around cooperation in multilateral carbon market projects, a state-run newspaper said Thursday.
Read MoreGas projects, Safeguard requirements will struggle to co-exist in LNG hotspot, report cautions
An expected supply squeeze in Australia’s carbon credit market is set to create challenges for gas producers in its westernmost state whose major LNG ambitions have few options for meeting Safeguard Mechanism requirements beyond buying offsets or investing in CCS, according to a report released Wednesday.
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