Shell flags greening of its Singapore facilities as nation unveils CCS plans
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.
Read MoreAustralia, Germany to kickstart bilateral funding for new hydrogen projects
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.
Read MoreVCM Report: VERs ride COP26, crypto wave to new all-time highs
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.
Read MoreSeveral nations baulk at 2050 net zero shipping goal as IMO talks resume
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).
Read MoreXpansiv taps second CME veteran for carbon market role
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.
Read MoreWoodside seals merger with BHP petroleum unit, approves Scarborough & Pluto LNG train projects
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.
Read MoreFEATURE: Crypto has big plans for the carbon market
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.
Read MoreANALYSIS: REDD faces longer road to Paris era crediting after Glasgow talks setback
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.
Read MoreIndonesia rules out international ties to domestic carbon market
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.
Read MoreICE exchange to host forestry VER auctions for Permian Global
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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