“There is still hope” for a renewables revolution, despite Trump -experts
The goal of tripling global renewable energy capacity by the end of this decade is still within reach, despite the US likely backtracking on its energy transition in the next four years, renewable energy leaders and governments said on Thursday.
Read MoreSteel emissions remains challenging for South Korean car giant, report says
South Korea’s car making giant Hyundai may start to lose out to peers with stronger emissions reduction plans as tariffs such as the EU Carbon Border Adjustment Mechanism (CBAM) come into effect, penalising automakers whose steel emissions remain high, a think tank said Thursday.
Read MoreINTERVIEW: Korean securities firm seeks opportunities in international carbon markets
One of South Korea’s largest securities companies is gearing up for expansion in carbon markets both at home and abroad, with a potentially growing international offset project pipeline, a company official told Carbon Pulse.
Read MoreSouth Korea prepares for carbon-linked financial products
Regulators in South Korea are preparing to introduce emissions-linked financial products, as more financial institutions will soon have access to the country’s national carbon market.
Read MoreKorean steelmakers may face US tariffs as extra carbon permit allocation deemed subsidy
Top steelmakers in South Korea could face additional tariffs imposed by the US, as extra permit allocation to steel companies under the Korean emissions trading scheme is considered to constitute a subsidy, according to a recent judicial decision.
Read MoreAnalysts predict big 2025 ramp-up for CCUS
The world looks close to adding 20% new carbon capture utilisation and storage (CCUS) capacity in 2025, a leading energy consultancy said this week, calling it the “largest annual increase to date”.
Read MoreSouth Korea backs methane reduction projects in Southeast Asia
A Seoul-headquartered intergovernmental organisation has initiated a $20 million methane mitigation programme to drive down emissions in Southeast Asia.
Read MoreNuclear resurgence locked and loaded as SMRs lead the way to a new finance era -IEA
Nuclear energy is set to see a resurgence for a complex conflagration of drivers including decarbonisation plans coupled with the need for reliable baseload power, new electricity demand from the computing sector, nations’ interest in energy self-sufficiency, and a projected fall in costs for new types of nuclear energy like small modular reactors (SMRs), according to the International Energy Agency (IEA).
Read MoreResearchers flag gaps in nature-related disclosures in Asia-Pacific
A study on corporate reporting in the Asia-Pacific region has found that only a quarter of surveyed companies believe biodiversity issues impact their business, with South Korea, Vietnam, and China among the countries with the biggest gaps in nature-related disclosures.
Read MoreResearchers say they may have cracked the blue hydrogen code
Korean researchers believe they may have found a lower cost approach to make hydrogen from natural gas and then liquefy it for export with the same carbon profile than hydrogen made from water and renewable energy.
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