Companies lag at global level in setting science-based climate targets -report
Global corporations have been found lacking in setting viable emissions reduction pathways, with only 2% of 60,000 companies surveyed having made a “climate neutrality” pledge and with only a small share of those applying science-based targets (SBT), according to a survey released on Monday.
Read MoreEnvironmental regulator approves 50-year extension for Australia’s North West Shelf with net zero conditions
Western Australia’s (WA) EPA has recommended that the life of the giant North West Shelf (NWS) LNG and gas project, Australia’s largest carbon-emitting establishment, be extended for a further fifty years provided that its operator, Woodside, and its project partners commit to staged net reductions in GHG emissions until reaching net zero in 2050.
Read MoreJapanese firms develop clean ammonia supply chain with UAE
Three Japanese companies have successfully demonstrated a clean ammonia supply chain to link Japan to the oil and gas-rich United Arab Emirates, they announced Thursday.
Read MoreCIX teams up with Nasdaq in preparation for early 2023 carbon exchange launch
Singapore-based Climate Impact X (CIX) has formed a strategic technology-based partnership with US exchange operator Nasdaq to enable price transparency and liquidity in its voluntary carbon market operations, it was announced on Wednesday.
Read MoreMore than half of listed companies need to lift climate performance to limit warming to 1.5C -report
The world’s publicly listed companies must reduce their carbon intensity by an annual average of 8-10% every year until 2050 if the target to limit warming to 1.5C is to be met, although only 39% of companies have managed to reduce their emissions intensity at that rate over 2019-20, research has found.
Read MoreOil majors join up in big plan for China offshore CCS hub
Oil and gas heavyweights Shell and ExxonMobil have teamed up with Chinese national oil company giant CNOOC to explore the feasibility of establishing a large-scale offshore CCS hub in southern China, they announced on Tuesday.
Read MoreSeychelles launches roadmap to capitalise on blue carbon opportunities
The government of Seychelles has released a roadmap for developing its untapped blue carbon potential which aims to protect its seagrass and mangrove ecosystem assets as a key part of the country’s strategy to address climate change.
Read MoreOver $1 trillion of oil and gas assets at risk of being “stranded” by energy transition, report says
Global stock markets are financing energy companies that own three times more coal, oil, and gas reserves than can be burned without breaking the Paris climate agreement’s target to limit global warming to 1.5C, raising the risk of stranded assets for the financial sector, a report released on Thursday claimed.
Read MoreClean energy investment splurge masks faster progress needed for net zero goals amid energy security woes, report warns
A record level of clean energy spending will drive global energy investment up by 8% in 2022, but despite this impressive headline figure global policymakers should not allow energy security fears stemming from the Russian invasion of Ukraine to derail the prospect of longer-term progress on the energy transition, the International Energy Agency (IEA) warned on Wednesday.
Read MoreAirline group calls for net zero incentives, SAF uptake costs can be managed with policy support -report
Aviation industry group IATA urged governments to adopt an aspirational net zero emissions goal with a diminishing role for offsets, as a report has found that a growing market share for Sustainable Aviation Fuel (SAF) can be achieved with manageable costs to industry provided there is policy support.
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