Singapore investment arm buys into green hydrogen outfit with Australian, Middle East projects
Singapore’s sovereign wealth fund, GIC, has made what it calls a “strategic equity investment” into Hong Kong-based Intercontinental Energy (ICE), a company with a portfolio of large-scale renewable hydrogen projects on its drawing board, the key investment arm of the Singaporean government announced.
Read MoreFEATURE: Japan, South Korea chase hydrogen supply, but forced to rely on dirtier options in the near term
A liquefied hydrogen carrier will shortly leave Australia to deliver a cargo, the world’s first, to Japan in what has been touted as a new phase for hydrogen’s role in the energy transition, a fuel that key economies in Northeast Asia have also pinned their hopes on to help decarbonise their economies.
Read MoreReaching global net zero emissions status by 2050 requires $275 trillion spend, report says
The cumulative spend of a net zero energy transition for the global economy would amount to $275 trillion by 2050, reflecting an annual average cost of just over $9 trillion over the next three decades, a report released on Tuesday has found.
Read MoreIndonesian forestry agreement made only paltry contribution to climate targets, study says
An emissions reduction scheme to curtail deforestation in Indonesia resulted in the prevention of around 70 MtCO2e over 2011-18 from being released into the atmosphere, but this amounted to just 3% of the total required by Indonesia’s NDC, a study has found.
Read MoreCapping global warming to 1.5C would cause 2% shrink in world GDP by 2050, report says
An accelerated energy transition that aligns with a 1.5C pathway would result in global GDP being shaved by 2% by 2050, according to a report from energy consultants Wood Mackenzie.
Read MoreANALYSIS: US oil companies lag in climate targets, avoid lifecycle commitments
The climate goals of US oil and gas companies are less ambitious compared with their European counterparts as they avoid firm commitments to address full lifecycle emissions and set targets that enable their absolute greenhouse gas output to rise.
Read MoreAustralia’s FFI scores German hydrogen supply agreement, as analysts predict bright future
The green energy arm of Australian iron ore mining giant Fortescue Metals Group, has added another green hydrogen deal to its list by signing a supply agreement with Covestro, a German chemicals company, FFI announced on Monday.
Read MoreRebound in demand saw global electricity emissions spike by 7% in 2021, IEA says
Strong growth in global electricity demand of 6% in 2021, brought about by the recovery of global GDP from the Covid-19 induced slump from the year before and extreme weather conditions, saw electricity CO2 emissions spike by nearly 7% to reach a record level in the year of COP26, the International Energy Agency (IEA) stated on Friday.
Read MoreMaersk brings forward net zero ambition to 2040, sets new interim emissions target
Danish shipping giant Maersk has accelerated its net zero emissions target by a decade to 2040, and has set a more ambitious interim emissions goal to be reached by 2030.
Read MoreCarbon offset prices could surge fifty-fold by 2050, report says
The price of carbon offsets will surge over the next few decades to $47-120 per tonne by 2050, up from around $2.50 in 2020, according to report from an energy research firm released on Monday.
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