With growing emissions in the oil and gas sectors, the Asia-Pacific is exploring carbon capture and storage (CCS) solutions to meet climate goals, but the lack of a unified strategic framework hinders progress.
With growing emissions in the oil and gas sectors, the Asia-Pacific is exploring carbon capture and storage (CCS) solutions to meet climate goals, but the lack of a unified strategic framework hinders progress.
The Pycasso project, aimed at storing CO2 to decarbonize industry in the Lacq Basin, has been abandoned. A lack of dialogue and risks to existing industries were key factors in this controversial decision.
The Pycasso project, aimed at storing CO2 to decarbonize industry in the Lacq Basin, has been abandoned. A lack of dialogue and risks to existing industries were key factors in this controversial decision.
Japan is projected to become the leading hub for captured carbon (CO2) trade in the Asia-Pacific region by 2050, according to Wood Mackenzie, with government investment and policy support being crucial to this goal.
Japan is projected to become the leading hub for captured carbon (CO2) trade in the Asia-Pacific region by 2050, according to Wood Mackenzie, with government investment and policy support being crucial to this goal.
Singapore is stepping up its efforts to achieve carbon neutrality by 2050 by co-funding feasibility studies on carbon capture and storage (CCS) in its power plants. This key project aims to reduce emissions while ensuring the country's energy security.
Singapore is stepping up its efforts to achieve carbon neutrality by 2050 by co-funding feasibility studies on carbon capture and storage (CCS) in its power plants. This key project aims to reduce emissions while ensuring the country's energy security.
Malaysia will introduce a carbon tax in 2026 targeting the steel, iron, and energy industries, in line with its emission reduction ambitions. This measure aligns with the EU's Carbon Border Adjustment Mechanism.
Malaysia will introduce a carbon tax in 2026 targeting the steel, iron, and energy industries, in line with its emission reduction ambitions. This measure aligns with the EU's Carbon Border Adjustment Mechanism.
Industrial carbon capture and storage (CCS) initiatives have seen significant growth in 2024, reaching 628 global projects. This expansion is supported by public policies and strengthened international collaboration.
Industrial carbon capture and storage (CCS) initiatives have seen significant growth in 2024, reaching 628 global projects. This expansion is supported by public policies and strengthened international collaboration.
The body overseeing Article 6.4 of the Paris Agreement has adopted unprecedented standards for project methodologies and carbon removals, facilitating the operationalization of global voluntary carbon markets.
The body overseeing Article 6.4 of the Paris Agreement has adopted unprecedented standards for project methodologies and carbon removals, facilitating the operationalization of global voluntary carbon markets.
A Rockefeller Foundation-led initiative aims to prematurely close coal-fired power plants in developing countries using carbon credits to reduce CO₂ emissions.
A Rockefeller Foundation-led initiative aims to prematurely close coal-fired power plants in developing countries using carbon credits to reduce CO₂ emissions.
Large international companies are intensifying their investments in Chinese carbon credits, attracted by the extension of the national system and the growth potential of new projects.
Large international companies are intensifying their investments in Chinese carbon credits, attracted by the extension of the national system and the growth potential of new projects.
COP28 President Sultan Al Jaber calls on governments to submit ambitious NDCs to accelerate global decarbonization, relying on technology investment and innovation to reach the 1.5°C climate target.
COP28 President Sultan Al Jaber calls on governments to submit ambitious NDCs to accelerate global decarbonization, relying on technology investment and innovation to reach the 1.5°C climate target.
Norway has launched the world's first commercial CO2 transport and storage service, marking a milestone in the management of industrial emissions in Europe thanks to the Northern Lights project.
Norway has launched the world's first commercial CO2 transport and storage service, marking a milestone in the management of industrial emissions in Europe thanks to the Northern Lights project.
Colombia, Kenya, Cambodia, Mexico and Peru are the leaders in the voluntary carbon credit market, thanks to regulatory advances and investor-friendly policies.
Colombia, Kenya, Cambodia, Mexico and Peru are the leaders in the voluntary carbon credit market, thanks to regulatory advances and investor-friendly policies.
Large companies are reducing their investments in decarbonization due to geopolitical tensions, although regulations and consumer expectations continue to push them towards better management of their emissions.
Large companies are reducing their investments in decarbonization due to geopolitical tensions, although regulations and consumer expectations continue to push them towards better management of their emissions.
The development of carbon capture technologies is crucial to achieving decarbonization targets, but projects are not progressing fast enough according to experts.
The development of carbon capture technologies is crucial to achieving decarbonization targets, but projects are not progressing fast enough according to experts.
More than half the world's companies are committed to carbon neutrality, but experts condemn the lack of concrete action to achieve this goal, despite ambitious announcements.
More than half the world's companies are committed to carbon neutrality, but experts condemn the lack of concrete action to achieve this goal, despite ambitious announcements.
The price of Australian Carbon Credit Units is set to jump by 56% between now and 2025, according to ANZ forecasts.
Prices in New Zealand and China remain stable, in the face of less restrictive policies.
The price of Australian Carbon Credit Units is set to jump by 56% between now and 2025, according to ANZ forecasts.
Prices in New Zealand and China remain stable, in the face of less restrictive policies.
Despite the war, Ukraine continues its industrial decarbonization efforts with innovations supported by EBRD and the EU.
Pipes.one and Carbominer focus on manufacturing and agricultural efficiency through emission-reducing technologies.
Despite the war, Ukraine continues its industrial decarbonization efforts with innovations supported by EBRD and the EU.
Pipes.one and Carbominer focus on manufacturing and agricultural efficiency through emission-reducing technologies.
Ørsted is committed to supplying 330,000 tonnes of CO2 removal credits to Equinor over a ten-year period, supporting its biomass carbon capture and storage projects.
Ørsted is committed to supplying 330,000 tonnes of CO2 removal credits to Equinor over a ten-year period, supporting its biomass carbon capture and storage projects.
Baker Hughes launches CarbonEdge™, a digital platform for carbon capture, utilization and storage projects, facilitating risk management and regulatory monitoring.
Baker Hughes launches CarbonEdge™, a digital platform for carbon capture, utilization and storage projects, facilitating risk management and regulatory monitoring.
Regulated carbon markets saw their prices rise in August, while the voluntary market faced difficulties linked to the quality of credits and a lack of liquidity.
Regulated carbon markets saw their prices rise in August, while the voluntary market faced difficulties linked to the quality of credits and a lack of liquidity.
Germany blocks emission reduction certificates for projects in China after detecting irregularities, calling into question the reliability of carbon offsets on the European market.
Germany blocks emission reduction certificates for projects in China after detecting irregularities, calling into question the reliability of carbon offsets on the European market.
TotalEnergies is investing USD 100 million with Anew Climate and Aurora Sustainable Lands to strengthen the sustainable management of 300,000 hectares of forests in the United States and optimize carbon sinks.
TotalEnergies is investing USD 100 million with Anew Climate and Aurora Sustainable Lands to strengthen the sustainable management of 300,000 hectares of forests in the United States and optimize carbon sinks.
According to Rystad Energy, demand for hydrocarbons will remain high.
Premium energy basins such as Rub Al Khali and Gulf Deepwater are identified as strategic targets for maintaining production while reducing CO2 emissions.
According to Rystad Energy, demand for hydrocarbons will remain high.
Premium energy basins such as Rub Al Khali and Gulf Deepwater are identified as strategic targets for maintaining production while reducing CO2 emissions.
The use of captured carbon dioxide can improve the profitability of carbon capture projects, but economic, technological and regulatory constraints hinder its widespread adoption.
The use of captured carbon dioxide can improve the profitability of carbon capture projects, but economic, technological and regulatory constraints hinder its widespread adoption.
