Wednesday, October 21, 2020
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20.09.21~20.09.27 Climate change: China aims for ‘carbon neutrality by 2060’ – BBC News

... China will aim to hit peak emissions before 2030 and for carbon neutrality by 2060, President Xi Jinping has announced....China is the world's biggest source of carbon dioxide, responsible for around 28% of global emissions. ... Back in 2014 Mr Xi and then US-President Barack Obama came...

CO2 sucked out of the atmosphere can be reused for new chemical processes (20.06.15 ~ 20.06.21)

... DAC is implemented in pilot plants by several companies in Europe and North America, and on an industrial scale by a Swiss company called Climeworks. They plan to suck one percent of the global CO2 emission in 2025. For this task, they will need to install around 750,000 DAC units.

2020: a crunch year for the biodiversity and climate emergencies (19.12.23~19.12.29)

Humans depend for their very survival on stable and healthy ecosystems and urgent action is needed in 2020 to get the world on track to a more sustainable future. This is a “super year” for the environment—a make or break year in which key international meetings will set the tone and agenda for environmental action in the...

Landowners are earning millions for carbon cuts that may not occur

Under a California program aimed at curbing climate pollution, landowners across the US have received hundreds of millions of dollars for promised carbon dioxide reductions that may not occur. The state has issued carbon offset credits to projects that may overstate their emissions reductions by 80 million tons of carbon dioxide, a third of the total cuts that the state’s...

Buying international permits is a cheap way to cut emissions. It’s that simple

Labor has proposed using international permits as part of its climate policy measures to allow high-emitting businesses to reduce their pollution at least cost. Sticking with basic facts, using international permits to lower the costs associated with reducing pollution was something the Coalition said it was prepared do. So stay with me. The government that flagged using international permits, with a...

Norway may curb gas amid EU oversupply – analyst

Norwegian oil and gas producer Equinor may begin adjusting gas supply to better match demand, as with hydro generators in the Nordic power market, said gas analyst Karen Sund at Oslo-based consultancy Sund Energy. It’s difficult to know if they reduce supply for commercial or technical reasons... suppliers attempt to recoup investment costs But growing oversupply in Europe and stiffer competition...

Editorial: Gas Markets In Turnaround [Ngw Magazine]

Asian spot prices have gone below European hubs this winter: it was mild and China burned more coal and took less US LNG. But at sub $5/mn Btu, neither region can reward US LNG exporters. Oversupply, rather than low demand, is the reason, according to Marex Spectron analysts at a media briefing. ... An excerpt from NGW

Europe’s CO2 Mountain

Several options are available to those that are currently at risk of non-compliance. The first, and probably least desirable, is to fail to comply and pay fines. Another route that could – and we think will – be taken is pooling. For some manufacturers, this will be an attractive option, enabling them to comply as part of a larger...

New EU CO2 limits on cars risk triggering an invasion of fake ‘electric’ vehicles – report

Currently plug-in hybrids are often big SUVs which are rarely charged because of their very limited electric range, and they emit as much or more CO2 as diesel or petrol cars do on the road . By allowing fake ‘electric’ cars to count towards the EV targets, it has become much easier for carmakers to earn the generous CO2...

Emissions Trading announcement is incentive for farmers

Forest owners believe the just announced reform of the Emissions Trading Scheme will encourage farm foresters and hill country pastoral farmers to plant more trees. Farm Forestry Association Chair, Neil Cullen, says carbon average accounting, where a forester is not penalised for harvesting so long as they replant, will encourage farmers to plant out land in forests, without a concern...

Turkey: accelerating the diversification of gas supply sources

A rapid change in the structure of gas imports by Turkey has been visible since the beginning of 2019 Turkey is importing increasing amounts of liquefied natural gas, capitalising on its higher import capacity (it has an annual regasification capacity of around 43 bcm) and attractive conditions on worldwide gas markets. The recent cuts in Turkey’s gas imports from Russia...

Beyond China: A Look at Japanese Banks’ Addiction to Coal

Japan’s three largest banks, MUFG, Mizuho, and SMBC Group, are fueling a coal power boom in Japan and abroad. between 2016 and 2018, these three banks provided a combined $7.4 billion in loans and underwriting services to 30 top global coal power producers, including J-POWER and KEPCO. Research published in December 201810 also found that Mizuho, MUFG, and SMBC...

Gas wars part one: let’s be honest about Germany’s growing dependence on fossil gas

With the ink barely dry on Germany’s Coal Commission report recommending a phase out by 2038, the oil and gas industry is breaking out the champagne. in late January Chancellor Angel Merkel (CDU) addressed the 49th Annual World Economic Meeting and let the cat out of the proverbial bag: “if we phase out coal and nuclear energy, then...

From Farm to plate — Blockchain technology in Agriculture supply chain

The technology offers ‘trust’ which has been missing in the Agriculture supply chain since its very inception. 1. Increased Traceability in Agriculture supply chain  2. Ensuring Food safety and security with Blockchain technology in the Agriculture supply chain  3. Supporting Small-scale farmers and cooperatives  4. Transforming transactions in Agriculture supply chain... An excerpt fromTokenAsia

Shipping and carbon: EU and IMO systems to align

"The globally applicable IMO DCS system currently runs in parallel with the EU MRV, thus duplicating regulation for shipping companies whose ships sail both inside and outside the EU." An excerpt from Hellenic Shipping News

Blockchain In Fashion – A Necessary Step Towards Transparency And Sustainability

"With Bext360, the entry point is at the level of farming, by testing the cotton’s authenticity and the farm practices. Then, it is marking the cotton bags with critical information such as where it was harvested, when, and by whom. This initiative has been named ‘Organic Cotton Traceability’, and Bext360 is backed by C&A Foundations and Fashion for Good to...

Norway’s Massive Sovereign Wealth Fund Is Not Divesting Its Energy Shareholdings

..none of the top 10 holdings will be divested, so Norway's going to remain a huge player in the global integrated energy space. the GPFG's white paper pointedly notes that stocks of major integrated energy companies--Exxon, Total, Petrobras, Royal Dutch Shell, etc.--will continue to be included in the GPFG fund. So those making the GPFG announcement out to...

Why energy players should look to blockchain

".. energy players will be able to better prepare for any disruptive trends by harnessing the power of blockchain, experts at Booz Allen Hamilton said. By 2030, the GCC(Gulf Cooperation Council) aims to install 80GW of renewable energy capacity across the six member states, constituting more than 50 per cent of the region's existing conventional capacity. "

Blockchain Adoption in the Pharmaceutical Supply Chain

"A report by the World Health Organisation ( WHO) states that about 100,000 people lose their lives every year due to counterfeit medicine in Africa alone. The report also estimates that 10% of medicine worldwide is counterfeit and rises to 30% in emerging regions. The European Union Intellectual Property Office (EUIPO) estimates the loss of €10.2B annually...