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September 21, 2022
South African businesses propose revisions to carbon tax rates
The Energy Council of South Africa and other business representatives have jointly proposed recommendations to South African government for the country’s carbon tax scheme under the draft Taxation Laws Amendment Bill.
August 05, 2022Petronas signs MoU with South Korea businesses to develop CCUS
Malaysia’s state-run oil and gas company Petronas signed a memorandum of understanding on Aug. 3 with six Korean companies to launch a carbon capture and storage (CCS) project called Shepherd CCS Project, with an aim to capture carbon in South Korea and s
July 20, 2022Emerson joins RE100, aiming 100% renewable energy by 2030
Global software and engineering company Emerson has joined RE100, an international initiative dedicated to replacing all electricity generated by fossil fuels with 100% renewable energy.
July 19, 2022China’s carbon market trading hits 194m tonnes in one year, becoming world’s largest
The trading volume of China’s national carbon market hit 194 million tonnes, with a cumulative turnover of 8.49 billion yuan (US$1.26 billion), since its launch on July 16, 2021, the data released by Shanghai Environmental and Energy Exchange showed.
June 30, 2022Korea saw 3.5% increase in GHG emissions as economy rebound in 2021
Korea’s total greenhouse gas (GHG) emissions climbed 3.5% year on year in 2021 to 679.6 million tonnes, the country’s Ministry of Environment said on Tuesday.
June 24, 2022Carbon dioxide emitted by cement sector doubled in two decades
Carbon dioxide emissions from cement production have doubled in the last 20 years, according to emissions scientist Robbie Andrew of Norway’s Centre for International Climate and Environmental Research (CICERO).
June 23, 2022EU’s historic carbon market overhaul gets green light from lawmakers
The European Parliament on Wednesday endorsed the long-anticipated carbon market reforms, easing worries that Europe’s climate actions might be delayed after legislators rejected the proposals in a first vote earlier this month.
June 21, 2022Zara presents a party dress made from recycled greenhouse gases
Spanish fast fashion brand Zara last week released a series of limited clothing collection and drew public attention with one pink dress sourcing in part from collected carbon emissions. The launch marks one of the company’s steps toward a more sustainabl
June 01, 2022South Asian apparel giant MAS switches two sites to 100% renewables
MAS Holdings, South Asia’s largest garment and textile manufacturer, announced this week that two of its production sites in Central Java, Indonesia, will become the company’s first manufacturing unit to run entirely on renewable energy.
May 26, 2022Gujarat to launch India’s first carbon trading market
In keeping with India’s decarbonization commitment, the Gujarat government inked a Memorandum of Understanding (MoU) on Monday to establish the country’s first carbon market.