Hyundai to design “world’s largest” LCO2 carrier as Asia-Pacific eyes greater role for CCS
South Korea’s Hyundai Heavy Industries (HHI) will develop a “next generation” liquefied CO2 (LCO2) carrier, it has announced, reflecting a further step being taken by Asian industrial players to bring CO2 transport options to commercial scale.
Read MoreCement industry to rely heavily on CCS to reach its 2050 net zero ambition -report
Efforts to decarbonise cement by 2050 will rely heavily on deployment of carbon capture technologies, but it will only be until after 2030 that these will become commercially viable for an industry grappling for solutions to meet its net zero emissions goal, according to a report released Wednesday.
Read MoreSingapore players to launch sale for sustainable aviation fuel credits
Singapore Airlines (SIA) has teamed up with government investment company Temasek and the Civil Aviation Authority (CAA) to launch a sale of Sustainable Aviation Fuel (SAF) credits in July, they announced Wednesday.
Read MoreJapanese corporates strike deal seeking to source hydrogen from the UAE
Japanese industrial players Eneos and Mitsui have agreed with the UAE’s oil company ADNOC to study developing a clean hydrogen supply chain between their two countries, they announced Tuesday.
Read MoreTemasek to invest S$5 bln through new outfit to boost low carbon tech, nature-based projects
Singapore’s Temasek has launched an investment platform company that will invest an initial $5 billion to accelerate the low carbon transition, the state-owned financial giant announced on Monday.
Read MoreBP signs deal with C-Quest Capital to boost India cookstove, LED projects
US-based offset developer C-Quest Capital (CQC) has reached an agreement with BP whereby the oil major will make a sizable investment in CQC’s operations in India, it has been announced.
Read MoreRenewables players, automaker sign up to net zero steel initiative
A group of key industrial players have joined SteelZero, adding momentum to the initiative as it has just published a set of policy guidelines to help speed up the transition towards the use of low carbon steel.
Read MoreLower Safeguard Mechanism emissions baselines would drive hydrogen use in Australia, Asia set to dominate global demand -regulator
Any move to lower the emissions baseline for major emitters participating in Australia’s Safeguard Mechanism will drive investment in hydrogen and other low carbon technologies, the chair of the country’s Clean Energy Regulator said at a conference on Wednesday.
Read MoreParis-aligned climate actions could see cost of carbon credits rise to $150 by 2035, report says
Carbon credit trade is set to increase 30-40-fold by 2035, in turn driving their price as high as $150/tonne by the middle of the next decade, according to a report released Wednesday modelling global market scenarios consistent with meeting the goals of the Paris Agreement.
Read MoreGlobal asset managers up alignment with net zero goals to $16 trillion
The number of global asset managers that have now set climate targets has reached over 80, with nearly 40% of their assets aligned with a net zero emissions by 2050 goal, an update from the Net Zero Asset Managers Initiative (NZAM) reported on Tuesday.
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