Wintershall to develop North Sea CO2 hub with partners as part of giant Greensand CCS project
German oil and gas producer Wintershall Dea has signed an agreement with other companies to develop a CO2 hub in the Danish North Sea, a project that will be linked to the giant Project Greensand offshore CCS project, it was announced on Thursday.
Read MoreRio Tinto firms up role for offsets to help meet 2030 emissions target
Anglo-Australian mining company Rio Tinto aims to boost the role of offsets over the next decade to help meet its 2030 climate target, it announced at an investor seminar Thursday, where it laid out details about its $7.5 billion investment plan across several abatement programmes to cut its operational emissions in half by the end of the decade.
Read MoreUN publishes 2018-20 data for GHG emissions savings from forestry in Indonesia
The UN released this week data on GHG emissions from forestry for Indonesia in 2018-20, reporting that the forest-rich Southeast Asian nation had been able to achieve annual average GHG emissions savings in that sector of nearly 200 million MtCO2e for the three-year period.
Read MoreNew corporate approach needed including internal carbon pricing to make offsetting more effective -report
Voluntary carbon offsetting in its current form has not been a useful tool in leading towards meaningful emissions reductions and a new approach should be adopted including setting an internal carbon tax to enable companies to execute more effective climate strategies, a white paper released on Tuesday has claimed.
Read MoreSaudi power firm signs $7 bln agreement to develop green hydrogen in Thailand
Saudi Arabian energy company ACWA Power has signed a Memorandum of Understanding (MoU) with two state-owned Thai companies to launch a $7 billion deal to develop green hydrogen capacity in the Southeast Asian country for domestic use and exports, it announced over the weekend.
Read MoreSingapore firm, certification agency to develop emissions performance rating system
A Singapore-based company has formed a partnership with a German certification provider to help companies measure their emissions and develop a rating system of their performance, they announced on Monday.
Read MoreSBTi urged to include mechanisms for permanent carbon removal in corporate net zero standard
A group of companies have urged the Science-based Targets Initiative (SBTi) to adopt more robust requirements for the use of permanent carbon removal technologies in the organisation’s corporate net zero standard, a document which aims to steer corporates on an emissions reduction pathway that aligns with a 1.5C scenario.
Read MoreClimate policy sequencing normally a prelude to carbon pricing, study finds
Climate policy sequencing has played an important role in the eventual adoption of carbon pricing policies as well as their level of stringency, with research showing that countries have normally implemented a series of climate policy measures before ultimately placing a price on emissions, an article published in an academic journal has found.
Read MoreSingapore rolls back GST on voluntary carbon credit transactions
Singapore’s goods and services tax (GST) will be waived for transactions in the voluntary carbon credit market, the government’s tax authority has announced.
Read MoreAustralian alumina refining pathway to net zero needs low emissions technology kickstart -report
Australia’s emissions-intensive alumina refining sector has a credible pathway to reach net zero emissions by 2050, although key technologies to achieve this are still at varying stages of technological and commercial maturity and will require significant investment to make an impact, a report commissioned by an Australian government agency released on Friday has concluded.
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