At the first Asia Zero Emission Community (AZEC) summit in Tokyo, Japanese Prime Minister Fumio Kishida committed Japan to spearheading the drive for a carbon-neutral Asia, aiming to create a substantial decarbonization market to attract global investment. The summit, which excluded Myanmar due to its military rule since February 2021, brought together Japan, nine ASEAN […]
Read More… from Japan Commits Leadership in Asia’s Carbon Neutrality Quest at Inaugural AZEC Summit
At COP28, global leaders made a historic decision to transition away from fossil fuels, marking the first time such language was included in the final agreement. The focus shifted from climate finance to the role of fossil fuels in climate change, leading to an agreement on a just and equitable energy transition. Activists and vulnerable […]
Read More… from COP28 Climate Summit: Historic Fossil Fuel Transition and Climate Initiatives
The UN’s COP28 climate summit is set to overrun as nations struggle to reach a consensus on phasing out fossil fuels. The draft agreement, criticized by the US, EU, and climate-vulnerable countries, lacks a commitment to eliminate fossil fuel use. Major oil producers and China are resisting the change, while Pacific nations express dire concerns. […]
Read More… from COP28 Stalls on Fossil Fuel Phaseout Amid Global Disagreement
At COP28, banks, officials, and regulators supported efforts to restore the credibility of the voluntary carbon credit market, which has been damaged by allegations of unreliability. Certification bodies like Verra are aiming to align with new standards from the Integrity Council for Voluntary Carbon Markets to ensure authenticity and prevent double-counting. The US climate envoy […]
Read More… from Revitalizing the Voluntary Carbon Credit Market: COP28 Backs Credibility Measures
Azerbaijan is set to host the 2024 UN climate conference (COP29), marking the second year a major fossil fuel producer will lead the summit. The decision came after Russia blocked EU countries’ bids and a resolution between Azerbaijan and Armenia removed potential vetoes. While the choice awaits formal ratification, it’s likely to pass as a […]
Read More… from Azerbaijan to host COP29 amid debate on Fossil Fuel Producers leading Climate Talks
At the Marintec China 2023 expo, Jiangnan Shipyard, under China State Shipbuilding Corporation Limited, introduced the design for what is claimed to be the world’s largest nuclear-powered container ship. This 24000TEU-class vessel, boasting near-zero emissions, is powered by a Molten Salt Reactor (MSR) that operates at high temperatures and moderate pressures to significantly reduce the […]
Read More… from China: Nuclear-Powered Container Ship Design with Near-Zero Emissions
At the COP28, European nations are pushing to phase out “unabated” fossil fuel use, advocating for carbon capture and storage (CCS) as part of the solution, while countries like Saudi Arabia support CCS as a key discussion point, potentially aiding an industry with only 41 active projects, mostly used for controversial enhanced oil recovery. Investor […]
Read More… from COP28: Growing Focus on Carbon Capture Investments