Australian fuel retailer Ampol launches carbon neutral programme for customers
Australian downstream oil company Ampol will expand its “carbon neutral” fuels programme which aims to offset emissions from the sourcing, refining, distribution, retailing, and consumption of its petrol and diesel products, the company has announced.
Read MoreGlobal CO2 emissions to dip on strong renewables, slower demand growth, IEA says
Global electricity CO2 emissions are expected to fall, albeit slightly, in 2022 as weakening economic growth and soaring energy prices put the brakes on power consumption while renewables have a bumper year, according to the IEA in a report published Wednesday.
Read MoreAnnual CO2 storage at CCS plants as much as 30% below global capacity -study
The level of CO2 captured and stored at CCS facilities annually is well below total yearly global capacity, by 19-30% on average, highlighting the urgent need for uniform and more comprehensive reporting on CO2 capture and storage rates, a study has found.
Read MoreBHP to collaborate with India’s Tata to tackle steel emissions
BHP has signed a Memorandum of Understanding (MoU) with Tata Steel to jointly study and explore the development of lower carbon technologies for iron and steelmaking, the global mining giant announced on Wednesday.
Read MoreIndian government set to introduce bill to establish carbon market framework, boost renewables use
India’s Modi government will shortly introduce legislation to the country’s lower house of parliament, the Lok Sabha, that will facilitate a national framework for carbon trading and boost clean energy use, according to local media reports.
Read MoreAviation net zero goal needs annual investment of $175 bln, role required for CDR -report
The global aviation sector would need to invest an annual average of around $175 billion between 2022 and 2050 to realise its net zero ambition by mid-century, according to analysis sponsored by a coalition of business stakeholders across the supply chain of several industries, including aviation, whose emissions are hard to abate.
Read MorePakistan frontier region seeks “gateway” for forest carbon market development
Pakistan’s Khyber Pakhtunkhwa (KP) province has significant forest carbon potential, with officials aiming to create a “gateway” for carbon offset buyers and for investors to channel finance towards forest carbon sequestration projects, a local voluntary carbon market working group forum was told on Thursday.
Read MoreSingapore, Morocco sign MoU for carbon market co-operation under Article 6 guidelines
Singapore and Morocco have signed an agreement to co-operate on projects that will facilitate the transfer of carbon credits between the two countries under Article 6 guidelines, they announced Thursday.
Read MoreShell signs off on Europe’s largest green hydrogen plant, eyes 2025 start
Oil and gas major Shell has made a final investment decision to build what will be Europe’s largest green hydrogen plant once it becomes operational in 2025, the company announced on Wednesday.
Read MoreEurope eyes green hydrogen imports from Australia but focus needed on its best use, analysts say
Australia is positioning itself to be a key hydrogen exporter to markets in Europe, as major energy-importing economies such as Germany aim to reduce their dependence on fossil fuels over the longer term to meet their emissions reduction and energy security goals, however the need to identify where hydrogen can best be used as a low carbon solution needs to be addressed, according to analysts.
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