Taiwan commits to net-zero carbon emissions by 2050
Taiwanese President Tsai Ing-wen last week signed a major climate change law that introduces a net-zero carbon target for 2050 and a carbon fee system for large emitters.
Climate
OPEC chief tells climate negotiators to ‘look at the big picture’
OPEC’s top official urged countries to invest much more in oil to meet the world’s future energy needs and said climate policies need to be more “balanced and fair.”
India can add oil and gas while it chases green goal, Modi says
India, the third-largest greenhouse gas emitter, is planning for an expansion of its oil and gas sectors even as it aims to hit net-zero by 2070.
India says its path to net zero must pass through fossil fuels
India defended its use of fossil fuels citing energy security priorities, even as the country vowed to remain committed to decarbonisation.
Bangladesh leans to coal power as renewables face challenges
Bangladesh is set to increase its coal-based power generation capacity to ensure supply security at a time when many other countries are focussing on cutting dependency on thermal coal power to achieve climate goals.
Vietnam seals $15.5 billion deal with rich nations to exit coal
Vietnam has landed a $15.5 billion partnership with funders led by the European Union and the UK to help finance its transition away from coal.
Indonesia seeks investors for giant geothermal energy resources
Indonesia, home to the world’s largest geothermal energy potential, is opening tenders seeking investors to develop this giant resource, as it aims to expand the use of renewable energy to meet its net zero goals.
Gas key for energy transition as Indonesia seeks $179bn upstream investment
Natural gas is seen as an essential component of Indonesia’s energy transition with the government targeting to significantly boost upstream investment. Officials estimate $179 billion is needed to meet 2030 oil and gas production targets in Southeast Asia’s largest economy.
The Biden-Jokowi deal is just one step to turn Indonesia green
A massive $20 billion deal with the US and Japan will kick-start Indonesia’s drive to wean itself off coal power, though the country may still need trillions more to reach net-zero emissions while meeting growing demand for energy.
Vietnam nears $11bn deal to shift economy from coal
Vietnam is set to follow Indonesia and South Africa with a climate financing package of at least $11 billion to shift its economy away from coal and boost the rollout of renewable energy sources.
UN manipulates climate change debate in partnership with Google
Melissa Fleming, UN under-secretary-general for global communications reported last month about how the UN has partnered with Google (NASDAQ:GOOGL) to manipulate search results on climate change. “We own the science,” said Fleming, who has no meaningful scientific training.
Japan starts carbon credit trading trial to hit climate goal
Japan this month began a trial trading of carbon credits at the Tokyo Stock Exchange (TSE) as the world's fifth-largest carbon emitter aims to create a nationwide market mechanism to meet its goal of becoming carbon neutral by 2050, reported Reuters.
Labor victory in Australia will bring shift in climate policy
Australia’s new Labor government will accelerate efforts to tackle climate change, but climate policy will remain highly politicised, warns Verisk Maplecroft, a strategic risk intelligence company.
Australia aspires to be ‘renewable energy superpower’ after decisive climate change election
Australians voted in a new government that has vowed to end decades of inaction by one of the world’s highest per capita emitters. Now the fight is about just how quickly to make up for lost time.
Woodside Petroleum rebrands as Woodside Energy Group
Following a shareholder vote yesterday, Australian liquefied natural gas (LNG) developer Woodside Petroleum (ASX:WPL) will change its name to Woodside Energy Group as it prepares to embrace the energy transition.
Santos unveils new climate strategy
Santos (ASX:STO) today released its 2022 Climate Change Report which sets out the Australian company’s latest climate transition strategy and action plan to become a net-zero emissions energy and fuels business by 2040.
Woodside’s $12 billion gas project is sparking a new climate debate
A $12 billion liquefied natural gas (LNG) investment approved in Australia leads a wave of projects betting demand will rise as the world shuns more polluting alternatives like coal.
G-20 climate agreement leaves COP26 talks needing a breakthrough
Leaders of the Group of 20 countries agreed on a climate deal that fell well short of what some nations were pushing for, leaving it to negotiators at the COP26 summit in Glasgow this week to try to achieve a breakthrough.
China delivers blow to climate summit with no new targets
China said it’s sticking to existing climate change targets to zero out emissions, reducing the chances for more ambitious global action at the COP26 summit in Glasgow.
India can do more on climate by 2030 even as it snubs net-zero
India plans to take more ambitious climate action by 2030, even as the nation pushes back against pressure to set a target for net-zero greenhouse gas emissions.
Biden’s OPEC plea pits fuel price fears against climate push
President Joe Biden has pledged to wean the US off of fossil fuels, and never has that call been more urgent than now, with United Nations-backed scientists warning of a point of no return.
Covid and climate concerns delay investment decision for Abadi LNG
Inpex will delay a final investment decision (FID) for its proposed Abadi liquefied natural gas (LNG) development in the Masela Block offshore Indonesia as survey work has been disrupted by the Covid-19 pandemic and design adjustments may be needed due to climate change.
Industry collaboration on carbon capture is key to unlock net-zero economy
Carbon capture and storage (CCS) is seen as an essential requirement by the oil and gas industry for it to meet the targets of the Paris Agreement, however the only way it will become commercially viable is if companies collaborate to create shared-CCS hubs, according to Wood Mackenzie.
Exxon CEO apologises for lobbyist’s comments in leaked video
ExxonMobil’s chief executive Darren Woods says the company is “deeply apologetic” over comments caught on camera in a secret filming by Greenpeace that show one of the oil giant’s lobbyists saying a carbon tax the company has promoted for years is unlikely to happen.
UAE eyes first net-zero by 2050 goal among major Petrostates
The United Arab Emirates could become the first nation among the Organization of the Petroleum Exporting Countries (OPEC) to set a net-zero goal, a move that would please Western countries pushing for stronger climate commitments but won't require it to sell less oil.