Southeast Asian steelmaker to double production, cut emissions in new deal
A major Indonesian steelmaker with over 1 million tonnes of capacity a year has committed to producing lower-carbon products after announcing a partnership with a European company hoping to meet EU steel demand without having to buy additional CO2 allowances under the carbon border adjustment mechanism (CBAM).
Read MoreAluminium, ammonia key to Australia’s net zero goal, report finds
Decarbonising one of Australia’s leading industrial zones could reduce emissions by several million tonnes of CO2e every year, but would require ramping up renewable energy by a factor of 10 at a minimum, a think tank found Wednesday.
Read MoreAustralian agency says Coalition’s nuclear plan would lead to 2 bln tonnes of CO2 emitted
The Australian conservative Coalition’s flagship energy policy to hold back the renewable energy roll-out and keep coal power online longer while a fleet of nuclear power stations are built would add an additional 2 billion tonnes of cumulative CO2 emissions, according the the country’s Climate Change Authority (CCA).
Read MoreNew Zealand confirms CCS for ETS this year
New Zealand is on the path to allowing carbon capture and storage (CCS) as an emissions reduction method, the government said Friday, and have stored CO2 recognised and rewarded in its emissions trading scheme (ETS).
Read MoreANALYSIS: Could energy protectionism and technical capacity hamper Indonesia’s great CCS hopes?
A major energy firm pressing go on a combined LNG and carbon capture and storage (CCS) project in Indonesia has boosted confidence in the country’s hope to become a regional CO2 storage hub, but the new government’s protectionist rhetoric around energy could stymie much-needed international investment and expertise in the space.
Read MoreAustralia announces A$1-bln green iron fund
Australia’s Labor government has announced A$1 billion ($634 million) to develop green iron in the country, with up to half of that going to save South Australia’s Whyalla Steelworks, which was put into administration this week after its billionaire backer failed to make repayments to the state government.
Read MoreIndonesia’s captive coal needs reform, think tank says
Indonesia’s expansion of its less regulated captive coal sector will drive up emissions, cost more money, and hamper its transition to renewable energy, a think tank wrote Thursday.
Read MoreSantos pushes part of net zero target back by a decade
Australia’s Santos has pushed back the net-zero target date for its Scope 2 emissions by a decade to 2050, while the 2040 date remains in place for its net equity share of Scope 1 emissions, its Climate Transition Action Plan (CTAP) released Wednesday showed.
Read MoreINTERVIEW: Canadian CDR player makes push into Australian mining heartland
A Canadian carbon dioxide removal (CDR) firm has announced a wide-scale push into Australia’s mining heartland with two partnerships with local miners and an $8 million boost from two venture capital firms to further its tech, and a separate partnership with the Climate Recovery Institute.
Read MorePolicy support needed for Malaysian steel decarbonisation
Malaysia has the potential to decarbonise its lagging and relatively small steel industry, but government support will be needed as the sector is experiencing a downturn that makes investment in green technology difficult.
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