Shipping firms partner with Malaysia’s Petronas to build CO2 fleet
Japanese shipping firm Mitsui O.S.K. Lines and Malaysia’s MISC Berhad have formed a joint venture with a CCS-focused subsidiary of oil major Petronas to develop and own vessels that transport liquid CO2, the companies announced Tuesday.
Read MorePhilippine rice methane project moves towards JCM credit issuance
Two Japanese companies have formally submitted a Project Design Document (PDD) and a first monitoring report to Japan’s Joint Crediting Mechanism (JCM) secretariat, in a move that may soon see the issuance of the world’s first compliance-grade carbon credits from the agriculture sector, they have announced.
Read MoreAlgae producer turns to direct air capture for CO2 removal in Iceland
Two project developers in different sectors of the durable carbon removal (CDR) market are collaborating to advance circular CO2 utilisation, they announced Tuesday.
Read MoreAlliance launches to scale corporate action on nature
A group of companies has launched an alliance to expand nature-positive efforts within the private sector, including through promoting the development of nature credit markets.
Read MorePeak emissions from oil now due in 2027, IEA says
Carbon emissions from the global oil market will peak in 2027, earlier than peak demand, as the petrochemical sector becomes the dominant source of growth, according to the International Energy Agency (IEA).
Read MoreAustralia’s sustainable finance taxonomy backs carbon credits, biochar in green investment push
Australia on Tuesday launched a sustainable finance taxonomy, establishing a classification system designed to channel private capital towards green investments, notably agricultural decarbonisation measures such as biochar application and carbon credit generation.
Read MoreLead Shell carbon analyst joins Energy Aspects as environmental products boss
Energy Aspects has hired Shell’s lead carbon markets analyst as its new London-based head of environmental products.
Read MoreAirline greenwashing persists despite regulatory crackdown, consumer group says
Two years after a sweeping complaint against European airlines for misleading environmental claims, consumer advocates say greenwashing remains widespread in the aviation sector, despite regulatory pressure, national court rulings, and some changes to airline marketing practices.
Read MoreCarbon removal provider, tech firm enter into agreement worth millions
A global tech company and a carbon removal (CDR) provider have entered into a “multi-million-euro” partnership to remove 37,000 tonnes of CO2 by 2034.
Read MoreAustralian climate fund closes after latest investments tip it past A$50-mln target
An Australian climate fund has reached its first close, boosted by two new investments totalling A$30 million ($19.6 mln).
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