Steel group releases global standard for measuring GHG emissions, adopting 1.5C ‘glidepath’
A climate policy steel group with members across the industry’s entire supply chain has released a draft global standard to measure and report emissions from steelmaking, it was announced.
Read MoreSouth Korea targets clean hydrogen standards in place by 2024
South Korea has outlined broad plans to introduce a certification system for clean hydrogen, covering the setting of standards and providing incentives to enable low-carbon hydrogen to contribute to the country’s long-term climate policy goals.
Read MoreGreen hydrogen project pipeline accelerates in reaction to last year’s gas price hike -analysts
The global low-carbon project pipeline has accelerated in the past year to reach over 400 projects in the first quarter of 2023, driven by green hydrogen projects as last year’s elevated gas prices have taken the shine off prospects for fossil-fuel based projects equipped with CCS, analysts told a webinar on Tuesday.
Read MoreBig Chinese power producers to see better days ahead, more focus on renewables
China’s top independent power producers (IPPs) stand to benefit from moderating coal prices over the next twelve months, lifting their credit profiles and enabling them to be better placed to execute China’s energy transition goals, research from a ratings service has found.
Read MoreJapanese shipping firm to invest in carbon removal projects
A Japanese shipping giant has set a target to remove over 2 million tonnes of CO2e by 2030 by investing in carbon removal projects, the company announced on Friday in an update on its climate and environmental targets.
Read MoreAustralian, Canadian firms team up to develop CCS solutions for heavy industry
An Australian oil and gas company venturing into the carbon management space has signed a Memorandum of Understanding (MoU) with a Canadian carbon capture and removal technology firm, to collaborate in the offering of a ‘one-stop shop’ solution for industrial businesses dealing with hard to avoid CO2 emissions, they announced on Friday.
Read MorePertamina businesses sign deal to co-operate on carbon trading
Three of Pertamina’s business units have combined to sign a carbon trading cooperation agreement to help the Indonesian national oil company (NOC) realise its long-term net zero emissions goal, they announced.
Read MoreSteelmakers may face choice to ‘decarbonise or bust’ despite steep green investment needed
Global emissions from the carbon-intensive steel sector reflect an “untenable status quo” as key producers in North America, Europe, and Asia aim to meet their climate targets, but adopting hydrogen-based technologies offers the most viable path for producing carbon-free steel, research from an investment bank has found.
Read MoreFinnish start-up secures €11 mln in funding round for sustainable protein food source
A Finnish biotech start-up has raised €11 million in a Series A funding round to scale up production of a low-carbon protein product that has much less land and water usage impact than its targeted competitor, soybeans, it announced on Wednesday.
Read MoreThai oil company signs up with local bank to set up carbon credit-linked derivatives
Thailand’s PTT has signed a carbon credit derivatives framework agreement with a Thai state-owned bank, the country’s national oil company (NOC) has announced.
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