UK’s lithium refinery to boost electric vehicle industry
Engineering services company Worley is collaborating with Green Lithium to build a large-scale merchant lithium refinery in Teesside, UK. This initiative will ensure a supply of low-carbon, battery-grade lithium chemicals that will be used in the European market to manufacture energy storage systems and electric vehicles (EVs). The objective of the proposed refinery include: Production […]
Climate pact in aviation key to reducing emissions
Despite the disagreement over climate change and the impact of the Ukraine war, the International Civil Aviation Organization (ICAO) Assembly began in Montréal, Canada, to reach a consensus on critical issues such as reducing airline emissions. Industry stakeholders such as Airbus urged participating nations to work towards achieving climate goals. The ICAO assembly held talks […]
Australia’s emission reduction targets threatened
The government has been urged to drop a plan that would have given free carbon credits to major industrial polluters by the climate company RepuTex, on which Labor based its policies. RepuTex has warned that doing so might cause Australia to miss its targets for reducing emissions. The safeguard system has not been effective in […]
Biden Administration’s investment in climate-smart farming
The US Department of Agriculture (USDA) has announced its investment of up to $2.8bn in 70 climate-smart agriculture projects as part of its Partnerships for Smart Commodities programme. The USDA launched the Partnerships for Climate-Smart Commodities to support sustainable and climate-resilient agricultural practices to create fresh market opportunities for American agricultural commodities. This effort aims […]
Aligning net-zero pathways for high emitting industries
In an effort to create a “simplified pathway” for decarbonizing firms in high emitting industries in line with net zero targets, the Science-Based Targets initiative (SBTi) has linked up with numerous enterprises and climate specialists from the Missions Impossible Partnership (MPP). The collaboration will help the speedy transition of high carbon industries: Aluminium Concrete/cement Chemicals […]
BASF and Samsung Heavy Industries on green shipping technology
A partnership has been signed by chemical tycoon BASF and shipbuilder Samsung Heavy Industry (SHI) to investigate the viability of deploying carbon capture and storage (CCS) technology on board ships. In accordance with a Memorandum of Understanding, which was signed late last week at the trade event Gastech 2022 in Milan, the parties will examine […]
Technology for achieving net zero
According to the World Economic Forum, when used effectively, digital technology can reduce global emissions by 20%. This demonstrates the enormous potential and chance to reduce emissions in a way that is less disruptive than other methods and saves money. We believe that now is the ideal time to thoroughly examine the impact that digital […]
Tensions in the Carbon Offsets Market
According to Andurand Capital Management LLP, investors are in danger as conflicts between governments and private parties in the market for voluntary carbon offsets grow. The amount of carbon market, governments, will likely claim for their purposes is presently unknown, as well as the quality of the accounting system. Lawyers have previously expressed concern about […]
UK becoming the first net zero finance centre
The UK government was ordered last month to produce an updated climate strategy outlining how it will accomplish its own climate targets after the High Court ruled that the net-zero policy was illegal. The London Fire Brigade experienced their busiest day since the Second World War at the same time as the UK set a […]
Biodiversity credits to surpass voluntary carbon market
A biodiversity credit is a strategy to use sustainable land practises to raise a specific area’s biodiversity profile. They might be purchased by a business to mitigate harm to biodiversity elsewhere. In two or three years, biodiversity credits may follow the expansion of the voluntary carbon markets and reach a significant market size. Benefits of […]