NZ utility wants new entity to operate and shut down thermal power assets
New Zealand can reach 100% renewable-powered electricity by 2030 in the most cost-effective and market friendly way if it establishes a special entity to facilitate the retirement of the country’s thermal generation assets, a report released on Monday by a New Zealand power provider claimed.
Read MoreCOP26: Sectoral commitments slightly narrow 2030 emissions gap, report finds
Key sectoral pledges regarding methane, coal, forestry, and transport, will close the emissions gap between a 1.5C pathway and stated 2030 climate targets by around 9%, or 2.2 billion tonnes of CO2e, an update on global emissions trajectories from Climate Action Tracker (CAT) said.
Read MoreAustralia’s FFI signs green hydrogen deal for aviation with US firm
Fortescue Future Industries (FFI), the green energy subsidiary of Australian iron ore giant Fortescue Metals Group, has signed a memorandum of understanding (MOU) with US-based Universal Hydrogen to promote green hydrogen use in the aviation sector.
Read MoreCOP26: Glasgow faces credibility gap with climate efforts falling short, report warns
The Glasgow climate conference faces a credibility, action, and commitment gap with the world heading for end of century warming of over 2C, even when taking into account the recent spate of net zero pledges by key economies, a report released on Tuesday said.
Read MoreANALYSIS: Shipping blueprint highlights need for R&D spend to kickstart industry decarbonisation
A recent warning from a shipping industry group that lack of investment in green technologies presents the biggest hurdle to the industry’s decarbonisation targets has sharpened focus on the technical and financial challenges facing the sector, whose emissions are seen as hard to abate, if it is to achieve net zero emissions by 2050.
Read MoreCOP26: ADB launches initiative for Indonesia, Philippines to begin transition from coal
The Asian Development Bank (ADB) launched at COP26 in Glasgow on Wednesday a partnership with Indonesia and the Philippines to help wean the two key Southeast Asian economies from their reliance on coal-fired power.
Read MoreUK firm appointed for carbon capture FEED study in Germany
UK carbon capture start up firm Carbon Clean has been appointed by global building materials manufacturer Cemex to work on a FEED study for carbon capture at an industrial site in Germany, it was announced by the company on Monday.
Read MoreFortescue’s green energy arm strikes UK hydrogen supply deal
Fortescue Future Industries (FFI), the clean energy subsidiary of Australian mining giant Fortescue Metals Group (FMG), has signed a major green hydrogen supply deal with UK construction firm JCB and supply firm Ryze Hydrogen, it announced.
Read MoreInvestors can benefit from larger role in carbon markets, report says
Rapidly growing carbon markets can be an effective tool for investors to manage climate-related risks and support companies in their transition journeys while also boosting portfolio values, provided there is greater scale and more robust governance standards, according to a report released on Friday.
Read MoreUK firm launches small-scale CCUS technology, eyeing $30/tCO2 cost
A British company has launched what it claims is the world’s smallest industrial carbon capture solution, a technology aiming to overcome a key barrier to widespread CCUS adoption and industrial decarbonisation, the company said on Thursday.
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