Norway venture signs first ever deal on cross-border CO2 transport and storage
Northern Lights has made the world’s first cross-border commercial agreement to transport and store CO2, the Norwegian CO2 storage company announced on Monday, signing a deal with a Netherlands-based facility to deliver CO2 from the site for sequestration in the offshore venture.
Read MoreSarawak forest carbon rules must adhere to international guidelines, official says
The Malaysian state of Sarawak’s forthcoming framework for generating offsets from forest carbon activities must learn from international examples as well as comply with standards that are set globally, the region’s premier, Tan Sri Abang Johari Openg, said on Friday.
Read MoreAustralian power and gas player Origin sets 2050 net zero target, excludes upstream gas assets
Australian power and gas company Origin Energy has set a new target to reach net zero Scope 1-3 emissions by 2050, as well as raised its short and medium term emissions targets for 2023 and 2030, as it released its first climate change transition action plan (CTAP) on Friday.
Read MoreThailand signs MoU with Verra to align domestic carbon market with global standards
The Thailand Greenhouse Gas Management Organisation (TGO) has signed a Memorandum of Understanding (MoU) with offset standard developer and manager Verra to support the implementation of the Southeast Asian country’s voluntary emissions reduction programme, known as T-VER.
Read MoreClimate group broadens legal case against Santos for net zero greenwashing
A climate research and advocacy group announced on Thursday it had expanded its legal case against Australian oil and gas operator Santos for allegedly greenwashing its net zero plans, in a move that reflects growing scrutiny of energy company climate targets as well as the debate over gas’ role as a viable energy transition fuel.
Read MoreINTERVIEW: New initiative to build framework for low emissions hydrogen to access carbon markets
A recently launched initiative to facilitate access to carbon markets for low carbon hydrogen projects will involve the development of a methodological framework and a stakeholder engagement platform as part of the aim to introduce the use of carbon credits to accelerate the decarbonisation of hard to abate sectors with hydrogen use.
Read MoreJapan’s MOL gets approval to design large-scale LCO2 carrier to transport 1 MtCO2 a year
Japanese shipping company Mitsui OSK Lines (MOL) has acquired “in-principle approval” for the design of a large-scale liquefied CO2 (LCO2) carrier by the Tokyo-based classification group ClassNK, it announced on Tuesday.
Read MoreGreen hydrogen has the low carbon credentials but investors need policy backing, report says
Green hydrogen offers a more viable option for Australian investors than its blue rival, as hydrogen made from renewables appears to be more economically viable and comes with fewer investment risks than hydrogen from fossil fuels with CCS, a report from an investor group focused on the impact of climate change stated on Thursday.
Read MoreMalaysian state of Sabah to develop carbon market law within a year -media
Malaysia’s Sabah state plans to develop legislation to introduce a carbon market within the next twelve months, according to local media reports.
Read MoreBlue carbon needs broader access to carbon markets, finance, to unlock potential -study
Blue carbon ecosystems (BCEs) have significant potential for carbon sequestration globally, but to date this has been untapped due to constraints preventing a bigger role in the rapidly growing carbon market and other financial barriers, according to a study released this week.
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