Indonesian coal plant ETS to launch next month
Nearly 100 coal-fired power plants will begin participating in Indonesia’s newly-introduced carbon trading scheme, marking the first of three phases for the sector to cut its emissions to help meet the country’s NDC targets, the Ministry of Energy and Mineral Resources has announced.
Read MoreNSW environmental regulator to set sectoral targets, adopt market-based approach to cutting emissions
The Environment Protection Authority (EPA) of Australia’s New South Wales (NSW) state government released on Friday final versions of its climate change policy and action plan, both of which outline how the regulator seeks to reduce, within its remit, GHG emissions in the country’s most populous state.
Read MoreTipping points in three sectors could trigger accelerated economy-wide decarbonisation -report
Deliberate climate policy actions targeting three “super leverage” points could trigger a cascade of broader decarbonisation in sectors that cover 70% of global GHG emissions, a report presented at the WEF annual summit in Davos on Friday stated.
Read MoreIndian carbon market group forms alliance with state-level renewables agency body
India’s newly-formed Carbon Markets Association has signed a Memorandum of Understanding (MoU) with a government-sponsored renewable energy organisation to help develop the country’s carbon market and make it play a greater role in reaching the country’s net zero ambitions, it announced on Thursday.
Read MoreEuropean fertiliser giant Yara signs “clean ammonia” co-firing deal with JERA for coal plant
Oslo-based global fertiliser supplier Yara has signed a Memorandum of Understanding (MoU) with Japanese utility JERA to supply a coal-fired power plant in Japan with up to 500,000 tonnes of “clean ammonia” per year.
Read MoreIndia provides detail on ambitious green hydrogen mission
India aims to displace fossil fuel sourced feedstocks for its fertiliser, oil refining, steel, and transport sectors, while also seeking a longer-term role as a key renewable hydrogen exporter, its recently released national green hydrogen mission has detailed.
Read MoreAustralian govt grants a further A$70 mln for regional hydrogen hub development
The Australian government will provide A$70 million ($49 mln) for the development of a hydrogen hub in the state of Queensland, Prime Minister Anthony Albanese and the Minister for Energy and Climate Change, Chris Bowen, have jointly announced.
Read MoreLow-carbon spending growth to slow in 2023 but hydrogen, CCUS emerge as bright spots, consultant says
Spending on low carbon energy sources will increase by around 10% in 2023, reflecting slower annual growth than last year as investors remain wary of inflation, although investment in hydrogen and carbon capture and storage will more than double this year, analysis by an energy consulting firm released on Friday has projected.
Read MoreEKI signs deal with DNV to enhance carbon market advisory services
Indian carbon offset developer EKI Energy Services will collaborate with DNV to promote awareness and support governance to develop a climate transition ecosystem, which will involve its provision of advisory services to the classification society’s assurance customers to help them reach their carbon neutral goals, the two entities announced on Thursday.
Read MoreClean energy tech investment can surge with climate policy backing, IEA says
The global market for key mass-manufactured clean energy technologies will reach around $650 billion per year by 2030, around three times the current level, if countries worldwide fully implement their announced climate policies and pledges, the International Energy Agency (IEA) stated in a report released on Thursday.
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