US, European oil firms forge different paths to net zero
The differing approach to the energy transition by US and European oil was highlighted at an energy industry conference this week, with representatives from Chevron, BP, and Repsol outlining how their companies plan to navigate the shift towards a low carbon global economy by 2050.
Read MoreArticle 6 deal seen spurring growth in robust carbon markets worldwide
The approval of an international emissions trading rulebook under the Paris Agreement’s Article 6 last year will provide the framework needed for further growth in more transparent compliance and voluntary carbon markets, according to panellists speaking at an industry conference on Tuesday.
Read MoreBig oil climate group “strives” for zero methane emissions by 2030
An oil and gas industry body representing the world’s largest oil companies on climate policy launched on Tuesday an initiative to eliminate its members’ methane emissions by 2030.
Read MoreEurope seen taking green hydrogen lead as positive factors coalesce
Hydrogen will play an increased role in decarbonisation as the fuel receives a boost in Europe from regulatory and policy support, greater cost competitiveness, as well as enhanced efforts to realise energy security goals, a conference heard this week.
Read MoreIndia must speed up clean shift in finance, report says
Ongoing financing of coal fired-power construction in India will make it harder for the country to meet its stated target to reduce the carbon intensity of its economy by 45% by 2030, and in turn keep its climate pathway unaligned with Paris Agreement goals, a report has found.
Read MoreNew Forests closes $120 mln fund for Southeast Asian sustainable forestry investment
Global forestry investment manager New Forests has announced the first close of a new $120 million fund, the Tropical Asia Forest Fund 2 (TAFF2), with a host of sovereign, development finance, private, and philanthropic investors with the aim to capitalise on long-term investments in sustainable plantation forestry in Southeast Asia, the company announced on Thursday.
Read MoreExxonMobil to build hydrogen, CCS facility at Texas downstream complex
US oil major ExxonMobil plans to develop hydrogen production and CCS operations at its integrated refining and petrochemical project in Baytown, Texas, the company has announced.
Read MoreCarbon loss from deforestation estimated to have doubled over the last two decades, research finds
The annual level of carbon loss caused by the conversion of tropical forests to other land uses, such as agriculture, has doubled over the last 20 years, highlighting the need to implement strategies at a global scale to prevent further deforestation, a study has concluded.
Read MoreAustralian power and upstream gas players make up top ten emitters list
Big utilities that own coal generators and upstream oil and gas players with LNG facilities form the top ten list of Australia’s largest corporate greenhouse gas emitters, data released from a federal government agency has shown.
Read MoreANALYSIS: Green hydrogen set for bullish capacity growth, but carbon pricing needed to boost demand from key sectors
Green hydrogen has the potential to emerge as a key contributor to decarbonisation if expectations for growth in electrolyser capacity and falling costs are met, although accelerated use by industry would still need to be pushed with the broader use of carbon pricing, research analysed by Carbon Pulse has found.
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