Carbon Management

Clean Energy Marine Hubs Initiative gains momentum at Ministerial energy meeting

IRENA will continue to expand its collaboration with ICS and partners in the shipping sector to further strengthen the CEM Hubs initiative and accelerate the use of renewables-based fuels in the shipping and other end-use sectors.

Rio Tinto trials renewable diesel at U.S. operations

Rio Tinto said on Friday it is conducting trials at its Kennecott copper operations in Salt Lake City, Utah, to determine the suitability of renewable diesel for open pit haulage.

KLM Group’s CO2 emission reduction targets for 2030 approved by SBTi

Together with Air France-KLM and Air France, the KLM Group commits to reducing its CO2 emissions by 30% per revenue ton kilometer (RTK) by 2030.

Alberta premier says province open to providing carbon capture tax credits

Canada's main oil-producing province Alberta is open to bolstering tax credits for carbon capture and storage (CCS) technology but also wants the federal government to increase financial support, Premier Danielle Smith said this week.

TPG-owned Anew Climate invests up to $640 MM in Terra Global

Anew Climate LLC, a TPG Inc-owned provider of carbon emission reduction products to businesses, has agreed to invest as much as $640 MM in carbon offset developer Terra Global Capital.

API unveils plan to make, move and improve American energy

The American Petroleum Institute (API) President and CEO Mike Sommers today released a new report and outlined the policies needed to make, move and improve American energy and prioritize U.S. natural gas and oil.

Green industries could be worth $10.3 T to economy by 2050

Industries helping the world shift to net-zero emissions could be worth $10.3 T to the global economy by 2050, sustainable development consultancy Arup and economics advisory firm Oxford Economics said in a report on Tuesday.

Sinopec releases China Energy Outlook 2060, anchoring new path of energy transformation development

This is Sinopec’s first publicly released research findings of their medium and long-term energy outlook, providing a new perspective for the scientific planning of transformation and development of China’s energy and chemical industries.

Darling Ingredients expects 20% growth in 2023

Renewable fuel producer Darling Ingredients Inc expects 20% growth for the company in 2023, the chief executive said this week, as governments worldwide push for energy solutions to lower carbon emissions.

ADNOC allocates $15 B to low-carbon solutions, new energies and decarbonization technologies

The announcement follows the guidance by ADNOC’s Board of Directors in November 2022 to accelerate delivery of its low-carbon growth strategy and the approval of its Net Zero by 2050 ambition.