Singapore bank moves on EUA trade for Asian shippers as ETS expands

Published 09:25 on September 24, 2024  /  Last updated at 09:25 on September 24, 2024  / /  Asia Pacific, EMEA, EU ETS, International, Other APAC, Shipping

Singapore’s DBS bank announced Tuesday it will offer financing and hedging services for allowances under the EU  Emissions Trading Scheme (EU ETS) as shipping companies outside the EU are now included in emissions calculations, becoming the first Southeast Asian bank to do so.

Read More

Pertamina moves to expand role in emerging CCS market

Published 13:55 on September 23, 2024  /  Last updated at 13:55 on September 23, 2024  / /  Asia Pacific, Other APAC, Voluntary

Indonesian state-owned oil company Pertamina on Monday announced two of its subsidiaries have signed a Memorandum of Understanding (MoU) that over time will see the company enter the market for transport of liquid CO2 (LCO2).

Read More

Waste giant says emissions cuts on track for 1.5C-aligned climate target

Published 12:32 on September 23, 2024  /  Last updated at 12:32 on September 23, 2024  / /  Asia Pacific, Australia

One of Australia’s largest waste and landfill gas producers is on track to meet climate targets that it says fully align with a Paris 1.5C scenario.

Read More

Sarawak coal mine poses significant carbon risk, more transparency needed -watchdog

Published 13:33 on September 20, 2024  /  Last updated at 13:33 on September 20, 2024  / /  Asia Pacific, Other APAC

The continued existence of a large thermal coal mine in Sarawak, Malaysia, goes against the nation’s climate commitments and the opacity surrounding environmental approvals to its extension is a problem, an environment watchdog said Friday.

Read More

Australian state pulls together big data for better CCS mapping

Published 11:26 on September 20, 2024  /  Last updated at 11:26 on September 20, 2024  / /  Asia Pacific, Australia

The West Australian government is finding new ways to support companies interested in pursuing carbon capture and storage (CCS) projects in the state, as its mining and energy department has aggregated a large amount of historical oil and gas drilling information for use.

Read More

Pacific flag carrier hitting the sweet spot for SAF

Published 05:37 on September 19, 2024  /  Last updated at 05:37 on September 19, 2024  / /  Asia Pacific, Aviation/CORSIA, International, Other APAC

One of the Pacific’s largest airlines has announced a partnership with a sugar company and major development bank to develop sustainable aviation fuel (SAF).

Read More

Rising underground coal mining will drive up India’s fugitive methane emissions, report says

Published 19:30 on September 18, 2024  /  Last updated at 06:24 on September 17, 2024  / /  Asia Pacific, Other APAC

India’s methane emissions from coal mining could double should it expand its domestic industry in order to reduce reliance on imports and feed its increasingly demanding power and steel sectors, a think tank has found.

Read More

Ships receive backing from certifiers for CO2 transport

Published 12:30 on September 18, 2024  /  Last updated at 12:30 on September 18, 2024  / /  Asia Pacific, Japan, Shipping, Voluntary

A Japanese company has received approval in principle (AiP) for two new designs of liquefied CO2 (LCO2) carriers, a type of vessel integral to the nation’s plans for wholesale export of its emissions to other jurisdictions for sequestration and permanent management.

Read More

VC firm wrangles angel investors for $2.1 mln in funding for Indonesian blue carbon player

Published 10:56 on September 18, 2024  /  Last updated at 10:56 on September 18, 2024  / /  Asia Pacific, Nature-based, Other APAC, Voluntary

An Indonesian nature-based carbon project developer has taken in $2.1 million in seed funding from angel investors after a successful round led by one of the nation’s only venture capital funds.

Read More

Rio Tinto brings in local carbon business for tree planting trial for renewable diesel

Published 06:32 on September 18, 2024  /  Last updated at 06:32 on September 18, 2024  / /  Asia Pacific, Australia, Voluntary

Mining giant Rio Tinto is partnering with an Australian carbon abatement business on a renewable diesel pilot project using a particular kind of seed oil for fuel switching to help decarbonise its operations. 

Read More