Report finds Australia well placed to drive the decarbonising of Asia-Pacific steel

Published 07:16 on June 5, 2024  /  Last updated at 07:16 on June 5, 2024  / /  Asia Pacific, Australia, Japan

Australia could be a key intermediary in decarbonising the Asia Pacific’s iron and steelmaking processes, according to a BloombergNEF report released Wednesday, saying it would be more economically feasible compared to other methods being explored by itself and its trade partners.

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Pollination launches A$150-mln Australian-focused climate and nature fund

Published 01:35 on June 5, 2024  /  Last updated at 01:35 on June 5, 2024  / /  Asia Pacific, Australia

Investment and advisory firm Pollination has launched a venture capital fund it says will drive new investment into Australian climate and nature technology and solutions.

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Carbon capture firm unveils new technology in bid to slash costs 50% by 2030

Published 19:19 on June 4, 2024  /  Last updated at 12:44 on June 5, 2024  / /  Asia Pacific, Australia, EMEA, Voluntary

A direct air capture (DAC) company has unveiled a new iteration of its technology as it aims to scale carbon removal capacity globally and slash costs, also announcing that Australia represented its ‘next frontier’ as it signalled investment interest in the country.

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Report calls for more Indigenous blue carbon opportunities in Australia

Published 08:56 on June 4, 2024  /  Last updated at 08:56 on June 4, 2024  / /  Asia Pacific, Australia

Analysis released this week has found Australian Indigenous peoples hold legal right or consent to develop carbon projects along 66% of Australia’s coastline, but are unable to do so due to a lack of applicable methods.

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Australia explores Guarantee of Origin scheme to encourage green metals development

Published 07:07 on June 4, 2024  /  Last updated at 07:07 on June 4, 2024  / /  Asia Pacific, Australia

The Australian government is looking at its Guarantee of Origin scheme (GO) as a potential demand-side driver of green metals development in the country alongside a raft of other measures, according to a consultation paper released Tuesday.

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Rio Tinto debuts novel, clean steelmaking process

Published 05:49 on June 4, 2024  /  Last updated at 05:49 on June 4, 2024  / /  Asia Pacific, Australia

Australian mining giant Rio Tinto announced Tuesday it will spend $143 million on an R&D facility to assess the effectiveness of its novel low-carbon ironmaking process, dubbed BioIron, that it says could cut up to 95% of the emissions associated with steelmaking.

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Novel hydrogen and graphite developer partners with South Korean steel giant in emissions-cutting plan

Published 10:01 on May 31, 2024  /  Last updated at 10:01 on May 31, 2024  / /  Asia Pacific, Australia, International, South Korea

Western Australia-based hydrogen and graphite start up Hazer on Friday announced it has signed a Memorandum of Understanding with South Korean steelmaking giant Posco to collaborate on green steel development.

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Queensland bans all CCS over giant underground water source

Published 07:57 on May 31, 2024  /  Last updated at 07:57 on May 31, 2024  / /  Asia Pacific, Australia

The Queensland government on Friday permanently banned carbon capture and storage (CCS) anywhere in the state above its vast Great Artesian Basin (GAB) to protect a water source vital to its agricultural industry. 

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Australian industry taskforce publishes integrated farm land management method discussion paper

Published 06:44 on May 31, 2024  /  Last updated at 06:44 on May 31, 2024  / /  Asia Pacific, Australia

A discussion paper on Australia’s long-awaited integrated farm land management (IFLM) method  has been released for consultation amid plans to submit a draft version to the Emissions Reduction Assurance Committee (ERAC) by the end of the year.

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Australia Market Roundup: Govt releases draft net zero transport and infrastructure roadmap

Published 09:17 on May 30, 2024  /  Last updated at 09:17 on May 30, 2024  / /  Asia Pacific, Australia, Aviation/CORSIA

The federal government has released a draft roadmap for car-dependent Australia on how it will reduce emissions in the transport and transport infrastructure sector for consultation, as part of its six sectoral plans to reduce emissions.

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