CO2 emissions lowest in Europe in November, says CREA report

CREA, the Center for Research on Energy and Clean Air, tracks carbon emissions in Europe. In its latest report, it says November 2022 saw the lowest values for the month in the EU in at least 30 years for total CO2 emissions, gas consumption, power sector CO2 emissions, and power generation from fossil fuels. Some

ANZ to fast-track net zero transition

Australia and New Zealand Banking Group Ltd (ANZ) said it had earmarked A$100 billion (US$67.63 billion) to help its customers lower carbon emissions by 2030, as the lender looks to accelerate its transition to net zero. Part of the amount will be used for initiatives, which include facilitating concessional loans for businesses to buy energy-efficient

Wärtsilä continues to speed energy transition with biogas upgrading and liquefaction solution

The technology group Wärtsilä will supply a biogas upgrading and liquefaction solution for a new biogas plant in Sweden. The plant will be used to reduce carbon emissions from transport, and to speed the transition to cleaner energy. The order was placed by the energy company St1 and will be located at the Borås Energi

Centre to apply PLI scheme for green hydrogen

Union Minister for New and Renewable Energy RK Singh informed that Centre may come up with production linked incentive (PLI) scheme for green hydrogen. Speaking at the third edition of CII’s ‘AatmaNirbhar Bharat in Renewable Energy’ conference, the minister said that the incentive would be required only for the initial green hydrogen projects in the

Aviation sector’s netzero goal puts pressure on IMO

With two months to go until the 79th gathering Marine Environment Protection Committee (MEPC), the International Maritime Organization (IMO) is facing pressure to up its game when it comes to green targets. Member states at IMO’s sister body at the United Nations, the International Civil Aviation Organisation (ICAO), voted to adopt a collective long-term global

South Western Railway to reach netzero target by 2040

South Western Railway have announced a landmark commitment to reach net zero carbon emissions by 2040 at the latest. South Western Railway (SWR) has announced a landmark commitment and roadmap to deliver net zero carbon emissions by 2040 at the latest, ten years ahead of the UK’s overall legal deadline to be net zero by

HPCL-Mittal Energy to start bio-ethanol plant in Bathinda

India’s HPCL-Mittal Energy Ltd will start up a bio-ethanol plant at its Bathinda refinery in northern India in 2023 as part of measures to reduce its carbon emissions. The plant will be operational next year. HMEL is a joint venture between state-run Hindustan Petroleum Corp Ltd and Mittal Energy Investments. India, the world’s third-biggest oil

HMM and Panasia to work together for developing onboard carbon capture

Flagship carrier HMM has signed a memorandum of understanding with compatriot Panasia to collaborate on developing onboard carbon capture systems. The two will start by carrying out a feasibility study before likely testing a prototype on some of HMM’s ships. HMM aims to reach net-zero carbon emissions across its entire fleet by 2050 and is

Carbon-accounted tanker assessments under ETS by Platts

S&P Global Commodity Insights has announced that it will introduce daily Platts price assessments for freight emissions under the European Union’s Emissions Trading System (ETS). The new assessments will show the cost of carbon dioxide emissions from fuel combustion to transport crude or fuel oil on an aframax tanker via an initial four European shipping

Half of the global carbon emissions made by a few financial actors

Just ten financial actors pollute almost half of all global carbon emissions but could have a decisive role in helping decarbonise the planet. They hold a massive amount of wealth which unfortunately contributes greatly to climate change. These ten actors, who have the most influence on the fossil fuel economy, own 49.5% of global carbon