Australian company completes trial of sustainable biomass use to displace coal at steel plant
A Sydney-based sustainable biomass company has successfully completed the first trial of renewable carbon material that can directly replace the use of fossil carbon in Electric Arc Furnace (EAF) steelmaking, it announced on Friday.
Read MoreEU needs greater ambition for zero emissions shipping to avoid LNG trap, green think-tank warns
EU regulatory efforts to spur the decarbonisation of shipping need to be strengthened to avoid the use of LNG as a transitional lower emissions fuel for vessels, a shift which would not only undermine efforts to realise climate goals for the sector but also mitigate the region’s energy security objectives, a non-profit think-tank has warned.
Read MoreNew Forests partners with development agencies to invest in African sustainable forestry fund
Global investment manager New Forests has partnered with three European development finance agencies to invest $200 million in a sustainable forestry fund for Sub-Saharan Africa, the Sydney-based company announced on Thursday.
Read MoreNew and updated NDCs show only modest increase in climate policy ambition -report
Countries have submitted 139 new or updated Nationally Determined Contributions (NDC) as of September this year, but global policy commitments still fall well short of getting on the pathway needed to limit global warming to 1.5C, according to research from a non-profit think tank released on Wednesday.
Read MoreDigital travel booking firm partners with platform provider to boost lower carbon footprint trips
Leading digital travel company Booking.com has formed a partnership with Oslo-based climate tech outfit CHOOOSE with the aim to increase traveller awareness of the carbon footprint of their trips, and to eventually introduce carbon offsetting options for travellers, the companies announced on Wednesday.
Read MoreUK steelmaker to use biomass-based fuel source for operational CO2 reductions
UK company Liberty Steel has completed trials of a sustainable raw material that can replace anthracite, the main source of charge carbon in electric steelmaking, and reduce steel’s carbon footprint by as much as 30%, the subsidiary of global conglomerate Gupta Family Group (GFG) announced.
Read MoreCCS capacity to grow six-fold by 2030 but not fast enough for net zero track, energy consultancy says
Global capacity of carbon capture utilisation and storage (CCUS) is set to grow six-fold over the rest of the decade to around 280 million tonnes per year, although this rate of growth is still not fast enough to meet climate goals, according to research by an energy consultancy released on Tuesday.
Read MoreEKI partners with Singapore firm in launch of $125 mln climate impact fund
EKI Energy Services, the world’s largest carbon offsets developer, has launched India’s first climate impact fund, worth $125 million, in a partnership with a Singaporean fund management company, they announced on Tuesday.
Read MoreSingapore inks bilateral carbon market deal with Vietnam
Singapore has signed another bilateral agreement, this time with Vietnam, on collaboration over carbon credit trading in line with Article 6 guidelines, the island-state’s Ministry of Trade and Industry announced.
Read MoreGrowing CCS project pipeline still accounts for mere fraction of global emissions
The global pipeline for carbon capture and storage (CCS) has grown to a new record level of 196 projects, according to the latest status report from an industry group, although the total capacity of facilities either operating, under construction, or in development still accounts for a small fraction of global GHG emissions.
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