Tag

Decarbonisation

All articles tagged with #decarbonisation

EU Implements Carbon Border Tax Amid Global Trade Tensions
world1 month ago

EU Implements Carbon Border Tax Amid Global Trade Tensions

The EU has implemented new 'green tariff' rules, requiring companies exporting high-carbon goods like steel and cement to prove compliance with low-carbon standards or face fines, aiming to level the playing field and prevent carbon leakage, with future expansions planned to include more products and broader scope. UK companies are concerned about potential impacts, but officials suggest minimal immediate effects and ongoing efforts to link UK and EU carbon markets.

"Singapore Mandates Sustainable Fuel for Outbound Flights from 2026, Impacting Travel Costs"
environmentaviation2 years ago

"Singapore Mandates Sustainable Fuel for Outbound Flights from 2026, Impacting Travel Costs"

Singapore plans to mandate the use of sustainable aviation fuel (SAF) for all departing flights from 2026, aiming for a 1% target initially and increasing to 3-5% by 2030. The Civil Aviation Authority of Singapore (CAAS) developed the plan, which aims to contribute around 65% of the carbon emission reduction needed to achieve net zero by 2050. To support the purchase of SAF, CAAS plans to introduce a SAF levy, which will vary based on factors such as distance traveled and class of travel, with passengers in premium classes paying higher levies.

"Japan and Saudi Arabia Forge Rare Earth Partnership for Joint Development"
international-relations2 years ago

"Japan and Saudi Arabia Forge Rare Earth Partnership for Joint Development"

Japan and Saudi Arabia are expected to agree on joint investment to develop rare earth resources during Prime Minister Fumio Kishida's visit to the Middle East. The cooperation aims to explore development projects in other countries and accelerate the development of resources currently being explored in Saudi Arabia, including copper, iron, and zinc. This partnership is crucial for both countries as Japan aims to achieve carbon neutrality by 2050 and Saudi Arabia seeks to diversify its oil-reliant economy.

Germany aims to fund Thyssenkrupp's green steel plant with $2.1 billion.
business2 years ago

Germany aims to fund Thyssenkrupp's green steel plant with $2.1 billion.

Germany plans to provide around €2bn ($2.1bn) to help fund Thyssenkrupp's green steel plant in Duisburg, one of the company's key turnaround projects. The funding commitment includes €700m from the German state of North Rhine-Westphalia. Thyssenkrupp depends on external funds to pay for decarbonising steelmaking, which is one of the most polluting industrial production techniques. The company plans to commission a direct reduction iron plant for the climate-friendly production of 2.5 million tonnes of steel annually, with a production start scheduled for 2026.

Clean Energy Investment Surpasses Oil as Solar Takes the Lead.
energy2 years ago

Clean Energy Investment Surpasses Oil as Solar Takes the Lead.

Investment in solar power is expected to surpass that in oil for the first time this year, as clean energy spending outpaces that for fossil fuels. However, the International Energy Agency warns that investment in fossil fuels is rising when it should be falling fast to achieve net zero emissions by 2050. The IEA expects investment in solar power to hit $380bn this year, while investment in oil exploration and extraction should come in at $370bn. Clean energy investment is concentrated in advanced nations and China, while the biggest increases in fossil fuel investment are in Middle Eastern nations.

Africa's Colonial Legacy Highlighted at Venice Architecture Biennale.
arts-and-culture2 years ago

Africa's Colonial Legacy Highlighted at Venice Architecture Biennale.

The Venice Architecture Biennale has put Africa in the spotlight for the first time, exploring the toxic landscapes and social scars that riddle the continent’s postcolonial lands, while also offering a glimpse of more hopeful futures brewing among the youthful population. The exhibition features a majority of exhibitors from Africa, or the diaspora, a 50-50 gender balance, and an average age of 43. The exhibition explores topics such as decarbonisation, resource extraction, and identity, among others. The exhibition is a necessary corrective to mainstream architectural culture, which has long overlooked these topics.

EU countries set 2035 deadline to ban CO2-emitting cars.
environment2 years ago

EU countries set 2035 deadline to ban CO2-emitting cars.

EU countries have approved a landmark law to end sales of new CO2-emitting cars in 2035, with the exemption of cars running on e-fuels. The law requires all new cars sold to have zero CO2 emissions from 2035 and 55% lower CO2 emissions from 2030. The European Commission has pledged to create a legal route for sales of new cars that only run on e-fuels to continue after 2035. The policy had been expected to make it impossible to sell combustion engine cars in the EU from 2035.