Chevron, Pertamina to collaborate on offsets, low carbon projects in Asian markets
Indonesia’s national oil company (NOC) Pertamina has formed a partnership with US major Chevron to co-operate on low carbon business opportunities in Indonesia and other Asian markets, the companies announced Friday.
Read MoreOil and gas gamble on emissions tech comes with risk to credibility on meeting climate goals, report says
Oil and gas companies are upgrading their climate targets but the sector still faces a credibility gap due to reliance on technologies to mitigate emissions that are expensive and unproven at scale, a report released on Thursday has found.
Read MoreSingapore to use CORSIA eligibility criteria for offsets in carbon tax scheme, door open for greater credits role
Singapore will use the eligibility criteria set out in CORSIA, the global aviation offset mechanism, for emitters who will be allowed to offset a small portion of their emissions under the country’s carbon tax scheme, an official from the country’s National Climate Change Secretariat (NCCS) said on Wednesday.
Read MoreIndia faces challenges, opportunities in building carbon market framework
India’s plans to establish a uniform and more effective framework for a voluntary carbon market (VCM) has wide backing domestically from industry players, but moves to facilitate the rapidly growing interest in carbon credits also face complex challenges for regulators, according to analysts.
Read MoreSouth Korean energy player buys stake in big US CCS ethanol project
SK E&S, an energy subsidiary of South Korean conglomerate SK Group, will invest $110 million in a CCS project that aims to capture and store CO2 from over thirty ethanol plants in the US mid-west, the company announced on Tuesday.
Read MoreSwitch from coal to renewables cheaper than shifting to gas, report finds
The rapidly declining cost of renewable energy with battery storage, coupled with increasing volatility in gas prices, now reflect that it is cheaper to make the switch from coal to clean sources of electricity than it is to shift from coal to gas-fired power, research released on Tuesday has found.
Read MoreShipping firm signs up to carbon credit scheme for vessel retrofits
A second shipping company has joined a unique scheme in the marine industry that allows participants to claim carbon credits for investment in retrofitting of vessels designed to reduce emissions.
Read MoreAustralia’s Woodside to launch pilot project to convert GHGs to ethanol
Australian oil and gas company Woodside plans to develop a carbon-to-products pilot project with the use of technologies being developed by two US-based companies, it announced on Thursday.
Read MoreCement’s net zero emissions path to feature mounting costs, offsets -report
Cement manufacturers will need to commit only a modest level of investment to achieve a 17% cut in emissions intensity by 2030, but the industry will need to allocate $1 trillion worth of investment by 2050 if it is to reach net zero emissions status by that year, analysts said in a report published this week.
Read MoreIEA launches high level group to advise on coal transition
The IEA has convened a high-profile group of advisors to provide strategic input for an upcoming report on guiding coal-based emissions towards a net zero path amid major energy security and affordability challenges, the Paris-based energy watchdog announced on Thursday.
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