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Shell flags greening of its Singapore facilities as nation unveils CCS plans

Published 10:42 on November 23, 2021  /  Last updated at 14:51 on November 23, 2021  /  Asia Pacific, International, Other APAC  /  No Comments

Oil major Shell has announced that it will build a 50,000-tonne per year pyrolysis oil upgrader unit at its Singapore-based energy and chemicals park, one of several commitments made on Tuesday which will contribute to the company’s goal to slash its operational emissions globally in half by 2030.

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Australia, Germany to kickstart bilateral funding for new hydrogen projects

Published 05:21 on November 23, 2021  /  Last updated at 07:14 on November 23, 2021  /  Asia Pacific, Australia, Canada, EMEA, International, Japan, Middle East, Other APAC  /  No Comments

Australia and Germany will push forward with their bilateral hydrogen accord by allocating from early 2022 $90 million of jointly committed funds for new hydrogen projects, Australia’s energy and emissions reduction minister, Angus Taylor, announced on Tuesday.

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VCM Report: VERs ride COP26, crypto wave to new all-time highs

Published 22:01 on November 22, 2021  /  Last updated at 00:09 on November 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emissions reduction (VER) values on the over-the-counter and exchange-traded markets extended their year-long bull run this week, with voluntary carbon market (VCM) participants citing optimistic outlooks following the COP26 UN climate summit and blockchain ventures in driving up prices.

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Several nations baulk at 2050 net zero shipping goal as IMO talks resume

Published 21:10 on November 22, 2021  /  Last updated at 21:10 on November 22, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, Shipping, South & Central, South Korea, Switzerland, US  /  No Comments

Several countries attempted to block efforts to raise the shipping sector’s emissions target to a 2050 net zero goal on Monday, as week-long talks begin at the UN’s International Maritime Organization (IMO).

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Xpansiv taps second CME veteran for carbon market role

Published 18:43 on November 22, 2021  /  Last updated at 01:58 on November 24, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, New Market Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

A senior employee at CME Group has taken on a carbon markets role at Xpansiv, marking the latest recent hire to depart the US-based exchange for the ESG commodities trading platform.

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Woodside seals merger with BHP petroleum unit, approves Scarborough & Pluto LNG train projects

Published 11:18 on November 22, 2021  /  Last updated at 11:18 on November 22, 2021  /  Asia Pacific, Australia, International, Other APAC, Voluntary Market  /  No Comments

Australian energy outfit Woodside completed its merger with mining giant BHP’s oil and gas portfolio on Monday, as it also announced a final investment decision on the $A16.5 bln ($12 bln) offshore gas Scarborough and Pluto Train 2 LNG projects in Western Australia.

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FEATURE: Crypto has big plans for the carbon market

Published 04:09 on November 22, 2021  /  Last updated at 02:35 on November 23, 2021  /  Americas, Asia Pacific, Australia, Bavardage, International, New Market Mechanisms, US, Voluntary Market  /  No Comments

Carbon-backed crypto initiative Klima DAO has shaken the voluntary offset market since its launch a month ago, and it could be just the start as decentralised finance and blockchain ventures eye up project development and intergovernmental emissions trade.

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ANALYSIS: REDD faces longer road to Paris era crediting after Glasgow talks setback

Published 22:08 on November 19, 2021  /  Last updated at 22:09 on November 19, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Efforts to develop REDD+ forest protection carbon credits in the Paris Agreement era risk a long road ahead, as divisive views marked the Glasgow COP26 climate summit.

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Indonesia rules out international ties to domestic carbon market

Published 09:12 on November 19, 2021  /  Last updated at 09:12 on November 19, 2021  /  Asia Pacific, International, Other APAC  /  No Comments

Indonesia, which will introduce a hybrid ETS and carbon tax next year, will not allow any cross-border carbon trading to occur until the country meets its greenhouse gas emissions targets, Finance Minister Sri Mulyani Indrawati said on Friday.

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ICE exchange to host forestry VER auctions for Permian Global

Published 13:00 on November 18, 2021  /  Last updated at 14:08 on November 18, 2021  /  Africa, Americas, Asia Pacific, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Exchange operator ICE on Thursday announced it is planning to hold voluntary emissions reduction (VER) auctions for REDD+ project developer Permian Global.

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