Big corporate emitters fail to account for climate risk in their financial reporting, survey finds
Almost all of the world’s largest corporate emitters do not sufficiently acknowledge climate risks in their financial statements, leaving investors ‘in the dark’ as to whether and how their financial reporting takes into account the impacts of climate change, according to a report released on Thursday.
Read MoreRegulator lays out tighter GHG emissions reduction conditions for Chevron’s Gorgon project
Western Australia’s (WA) state Environmental Protection Authority has outlined measures for GHG abatement at Chevron’s Gorgon gas and LNG project that will require the project’s operator to commence a straight line GHG emissions reduction trajectory from 2025 to achieve net zero GHG emissions by 2050.
Read MoreJapan’s “misguided” hydrogen strategy needs fundamental revision, green energy think tank says
Japan’s hydrogen strategy is misguided in terms of what hydrogen can be best used for and how it can be best produced, and needs to be fundamentally revised if it is to contribute to the country’s decarbonisation goals, a Japanese green energy think tank has argued in a report.
Read MoreRenewables generation growth flattens H1 ’22 global power sector emissions -report
Steady year-on-year growth in renewables generation was enough to meet the rise in global electricity demand in the first half of 2022, enabling global power sector emissions to be unchanged from the same period last year, according to analysis from an energy and climate think-tank released on Wednesday.
Read MoreShift from coal to gas-fired power threatens global climate policy goals, report says
Efforts to decarbonise the power sector by shifting away from coal-fired generation are at risk due to an apparent pivot towards gas, with nearly 90 GW of gas plant capacity in the global development pipeline being coal-to-gas conversions or replacements, according to a report released on Tuesday.
Read MoreMalaysia’s untapped carbon market potential can scale with policy, regulatory support -report
Malaysia has significant potential to utilise carbon markets to help meet the Southeast Asian economy’s climate targets, but this will require harmonising the design of voluntary and compliance markets, definitions of clear rules and guidelines for project development, and a scale-up of financing, a report has found.
Read MoreChevron delivers “carbon neutral” LNG cargo from Gorgon in deal with Taiwan’s CPC
US oil and gas major Chevron has delivered its first “offset-paired” LNG cargo, covering the full lifecycle emissions of the shipment in a deal with Taiwan’s national oil company CPC, the company has announced.
Read MoreANALYSIS: Japan seeks Asian region to adopt broader use of technologies for lower emissions path
Japan is seeking to enhance its role in the promotion and financing of low carbon projects in Asia, with a focus on kickstarting what officials term “transition technologies” that would nevertheless prolong the use of fossil fuel consumption if the emissions generated from that use, such as in power generation, are reduced or abated by those technologies.
Read MoreHK-listed firm signs 2 Mt carbon credit deal with Singapore trading company
A Hong Kong-listed investment company has signed a carbon credits transaction agreement with a Singaporean trading company involving the purchase of 2 million voluntary carbon credits, it announced on Thursday.
Read MoreCo-firing coal plants with ammonia costly for Japan’s decarbonisation goals -report
Japanese utilities are exploring ways to reduce CO2 emissions from coal-fired power by co-firing plants with ammonia, but this is not the most cost-effective way for the Northeast Asian economy to reach its power sector decarbonisation goals, a report released on Wednesday has found.
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