The EU’s Carbon Border Adjustment Mechanism (CBAM), commonly known as the “carbon border tax”, kicked off on October 1 in the first transitional phase for imports of several carbon-intensive groups of products into the European Union. The first phase of the EU’s carbon import pricing legislation will not impose levies …
Read More »Big Oil, Heavy Industry Discuss Emission Curbs Ahead of COP28
Major oil and gas company chiefs held discussions with heavy industry bosses on Sunday in the United Arab Emirates in an effort to agree a firm commitment to reduce carbon emissions ahead of a United Nations climate summit next month. The COP28 summit is scheduled to take place in Dubai …
Read More »Study Says EU could Scale Blue Hydrogen Faster than Green Alternative
Blue hydrogen, the one made by reforming natural gas using carbon capture, would be a more cost-effective solution for the EU compared to the so-called green hydrogen made from water electrolysis using renewable electricity, environmental organization Clean Air Task Force (CATF) said in a new report on Tuesday. The European …
Read More »Japan Eyes Transporting Captured CO2 to Malaysia for Storage
Japan is considering shipping captured carbon dioxide to Malaysia for underground storage as part of a decarbonization project in Asia, the industry minister revealed Monday. The project, which will be Japan’s first shipment of captured CO2 and its storage overseas, is set to start in 2028. Japan and several Southeast …
Read More »China’s Huge Coal Plant Building has Weird Climate Logic
China is building two-thirds of the coal-fired electricity generation capacity currently under construction globally, and this may not be as disastrous for the climate as it sounds. The world’s largest producer and importer of coal has 136.24 gigawatts (GW) of coal-fired generation under construction, according to data released in July …
Read More »Africa Climate Summit to Urge Investment in Continent
African policymakers will kick off a landmark climate summit in Kenya on Monday aimed at reframing the continent as a budding renewable energy powerhouse and calling for international financial help to unlock its potential. Kenyan President William Ruto says he wants the first Africa Climate Summit to help “deliver African …
Read More »Air Traffic Chaos Exposes Crisis in the Skies
“Looks like I picked the wrong week to give up drinking”, says Lloyd Bridges’ wizened air traffic controller Steve McCroskey in the 1980 disaster satire Airplane. You’d imagine National Air Traffic Services (NATS) chief exec Martin Rolfe is probably in need of a stiff drink after this week’s air travel …
Read More »Russia Sees CO2 Storage Potential at 4.6 bln Tons
Russia has a capacity to store at least 4.6 billion metric tons of carbon dioxide (CO2), enough to cover domestic needs as well as some volumes from other countries, Igor Shpurov, head of Russian State Commission on minerals, said on Monday. Russia, the world’s fifth biggest emitter of carbon dioxide …
Read More »Gulf States Bet on Green Hydrogen
After riding a fossil-fuel boom for decades, Gulf Arab states are eyeing “green” hydrogen as they try to transition their economies and ease the climate crisis at a stroke. Oil producers Saudi Arabia, the United Arab Emirates and Oman are investing heavily in the climate-friendly fuel in a search for …
Read More »China Issues First Hydrogen Industry Guideline
China on Tuesday released its first national guideline for the development of industrial standards for the production, storage, transport and use of hydrogen energy. According to the World Economic Forum’s latest white paper, China is the largest producer and consumer of hydrogen globally, but less than 0.1 percent of the …
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