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Climate Change

The IEA in 2024: Reviewing the Year

Energy Transition

The IEA in 2024: Reviewing the Year

Carbon Capture
22-09-2023

Climeworks Eyes Kenya Project to Capture Carbon Dioxide From Air
A view of groundbreaking at Climeworks' Mammoth direct air capture plant, Hellisheidi Geothermal Park, near Reykjavik, Iceland in this undated handout picture obtained by Reuters June 28, 2022. Climeworks/Handout via REUTERS/File Photo Acquire Lic
Net Zero
21-09-2023

UK Must Kick-Start Construction of Large-Scale Electricity Storage or Fail to Meet Net Zero Targets, Warns Report
The U.K. government must kick-start the construction of large-scale hydrogen storage facilities if it is to meet its pledge that all electricity will come from low carbon sources by 2035 and reach legally binding net zero targets by 2050, according to a r
Carbon Emissions
21-09-2023

Upgrading Iron and Steel Plants Could Save Equivalent of Two Years of Global Carbon Emissions
Upgrading, or retrofitting, the world's iron and steel processing plants early could reduce carbon emissions by up to 70 gigatonnes by 2050, roughly equivalent to two years' worth of net global carbon emissions, according to a new study pu
Carbon Capture
20-09-2023

MHI, SBM Offshore Partner on Carbon Capture
A floating production storage and offloading (FPSO) unit. SBM Offshore and MHI have signed a partnership agreement to develop FPSO CO2 capture technology for FPSOs. (Image: SBM Offshore)SBM Offshore and Mitsubishi Heavy Industries (MHI) plan to offer a CO
Electric Vehicles
20-09-2023

Mercedes-Benz to Source CO2-Reduced Steel From SDI for Tuscaloosa
Mercedes-Benz has signed an agreement with Steel Dynamics, Inc. (SDI) to source more than 50,000 tonnes of CO2-reduced steel annually for its plant in Tuscaloosa, Alabama.SDI steel will be made using an electric arc furnace (EAF) and will use electricity
Carbon Emissions
20-09-2023

France Used 10% Less Electricity Last Winter—Three Valuable Lessons in Fighting Climate Change
Measures which help people use less energy at home, while traveling or at work could significantly cut greenhouse gas emissions according to the UN's Intergovernmental Panel on Climate Change. When there is less demand for energy, that means less
Carbon Emissions
20-09-2023

Exxon Working On Direct Air Capture of CO2, Stays Out of EV Charging Stations
A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes/File Photo Acquire Licensing RightsExxon Mobil Corp (XOM.N) is working on developing technology for direc
Carbon Capture
19-09-2023

Alberta Premier Wants to Unveil Carbon Capture Storage Tax Credits at COP 28
Alberta's Premier Danielle Smith makes a keynote speech at the LNG 2023 energy conference in Vancouver, British Columbia, Canada July 13, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsAlberta Premier Danielle Smith said on Monday
Carbon Capture
19-09-2023

Indonesia Plans First Carbon Trade Next Week
Indonesia plans to run its maiden carbon trade next week, aiming to offer companies and financial institutions a mechanism to offset their emissions, while providing funding for carbon reduction projects, authorities said on Monday.The Southeast Asian cou
Net Zero
19-09-2023

UK Offers $300 Mln Guarantee for Asia and Pacific Climate Fund
A Union Jack flag flutters in front of the Houses of Parliament in London, Britain, November 5, 2019. REUTERS/Hannah McKay/File photo Acquire Licensing RightsBritain will provide guarantees of up to $300 million to a climate funding facility designed to h
Carbon Capture
18-09-2023

TVA, TC Energy Invest $1.25 Million in Carbon Capture Study
The Tennessee Valley Authority announced Thursday that it will work with TC Energy to jointly invest $1.25 million to study carbon capture technology to reduce emissions at TVA's natural gas facilities in Ackerman, Mississippi, and in Drakesboro,
Carbon Storage
18-09-2023

21 Carbon Storage Licenses Awarded in Uk's Landmark Licensing Round
A total of 14 companies have been awarded 21 licenses in the UK’s first-ever carbon storage licensing round – said to have the potential to store almost 10% of UK greenhouse gas emissions.The North Sea Transition Authority (NSTA) annou
Carbon Storage
18-09-2023

California Governor Says He Will Sign Climate Bill on Companies and Carbon Footprints
Gavin Newsom, Governor, State of California speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsCalifornia Governor Gavin Newsom said on Sunday he wou
Carbon Storage
16-09-2023

Italy's Eni Wins Second UK Carbon Storage Licence
The logo of Italian multinational energy company Eni is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File photo Acquire Licensing RightsItalian energy group Eni
LNG
16-09-2023

Irish Planning Body Rejects Major LNG Terminal, Cites Climate Plan
Irish Minister for Environment, Climate and Communications, Eamon Ryan takes part in an extraordinary meeting of European Union energy ministers in Brussels, Belgium July 26, 2022. REUTERS/Johanna Geron/File Photo Acquire Licensing RightsDUBLIN, Sept 15 (
Carbon Emissions
15-09-2023

Stronger International Cooperation in High Emissions Sectors Crucial to Get on Track for 1.5°C Climate Goal
Countries must supercharge international collaboration on technologies and markets for sectors such as power, transport, industry, buildings and agriculture, new report finds.Insufficient progress in transitions to clean technologies and sustainable solut
Carbon Capture
15-09-2023

Carbon Capture Project Back at Texas Coal Plant After 3-Year Shutdown
Petra Nova CCS Facility at NRG Power Plant in Richmond, Texas, U.S., May 18, 2018. Picture taken May 18, 2018. REUTERS/Trish Badger/File Photo Acquire Licensing RightsA $1 billion carbon capture utilization and storage project that has been shuttered sinc
Carbon Emissions
14-09-2023

ESG1 Partners With Gmex ZERO13 on Trading Tokenized Carbon Credits From Emissions Removals
Cross-chain interoperable ESG asset trading and settlement enabled by ZERO13 as a fully integrated market distribution partner for ESG1's highly verified, IoT-linked industrial carbon credit tokens.London and Calgary, Sept 14, 2023-(ACN Newswire)-
Carbon Emissions
14-09-2023

Biden's Climate Act to Cut US Emissions by 2030 by 35-43%, Government Report Says
U.S. President Joe Biden delivers remarks during his visit to the Cummins Power Generation Facility in Fridley, Minnesota, U.S., April 3, 2023. REUTERS/Kevin Lamarque Acquire Licensing Rights.The U.S. economy is on track to spew between 35% and 43% less c
CCS
14-09-2023

Suriname Aims to Be First to Sell Paris Agreement Carbon Credits -Adviser
Suriname's President Chan Santokhi speaks during the Leaders' Second Plenary Session during the Ninth Summit of the Americas in Los Angeles, California, U.S., June 10, 2022. REUTERS/Lauren Justice/File photo Acquire Licensing RightsThe Sou
Oil & Gas Trade
12-09-2023

BP Advances CCS Plans at Tangguh LNG
UK supermajor BP, which operates the under-expansion Tangguh liquefied natural gas project in Indonesia, is teaming up with Japan’s Chubu Electric Power Company for a feasibility study of an international carbon capture, utilisation and storage
Oil & Gas Trade
12-09-2023

New Study to Advance Carbon Capture in Indonesia's Gas Power Sector
GE Vernova’s Gas Power has signed a memorandum of understanding with several partners to carry out a feasibility study to develop a carbon capture value chain to decarbonise gas power plants in Indonesia.GE Vernova will be joined by Korea&rs
Carbon Capture
11-09-2023

Japan's Firms, Australia's Woodside Eye CCS Value Chain
Japanese companies have partnered Australian independent Woodside Energy to explore opportunities to develop a carbon capture and storage (CCS) value chain between the two countries.This comes as Tokyo seeks overseas sites to store CO2 to achieve its net
Net Zero
11-09-2023

G20 Will Use a Mix of Renewable Energy, Low Carbon, and Clean Tech to Achieve Carbon Neutrality
The Delhi Declaration of G20 addresses concerns of petro states and commits to global net zero emissions by mid-century through clean and efficient solutions.The key words that achieve this balance, according to former climate negotiators, are clean, zero
Offshore Wind Power
11-09-2023

UK's Oil & Gas, Offshore Wind, CCS, and Hydrogen Investments to Hit Whooping £200 Billion by 2030
The UK has set its cap on pursuing energy security alongside decarbonisation to lay the groundwork for its transition to net-zero by 2050. While several things have been ticked off the list of items needed for this transformation into a green superpower,

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