Irish farmers are told on Thursday that they should reduce a quarter of their greenhouse gas emissions by 2030, a target described by the farming sector as a “potentially devastating blow.” The target is part of the government’s “Climate Action Plan” after parliament passed a law committing Ireland to slash emissions by 51 percent by 2030…
Feds Incentivize Carbon Capture in Race to Reduce Emissions
A tax credit for carbon capture and storage is one of numerous measures in the federal budget designed to reduce carbon emissions as the clock ticks for the federal government to reach goals it has set for reduced carbon emissions by 2030. Budget 2022 included a refundable investment tax credit for carbon capture, utilization, and…
SEC Rule Would Mandate That Companies Disclose Climate-Related Information, Greenhouse Gas Emissions
March 21, 2022
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President Joe Biden’s Securities and Exchange Commission (SEC) released proposed rules Monday for publicly traded companies that would compel those firms to disclose a range of climate-related information to shareholders. Described in a 500-plus-page document, that information includes financially material climate-related risks as well as estimated greenhouse gas (GHG) emissions, which were described by the…
Gas Underpins Australian Jobs and Economy
Australia’s gas industry is playing a substantive role in supporting the economy, while environmental groups have called to cut gas altogether in favour of solar and wind energy. A report by the Australian Economic Advocacy Solutions commissioned by the oil and gas coalition, the Australian Gas Industry Trust, outlined that by June 2021, the industry…
Self-Charging Hybrids Outsell Diesel in Europe for First Time: ACEA
BERLIN—Self-charging hybrid cars, which operate on both an internal combustion engine and a battery, outsold diesel cars in Europe for the first time in 2021, albeit by just 48 vehicles, data showed on Wednesday. One in 11 cars sold were battery-electric, the data from the European Automobile Manufacturers’ Association showed, totaling just under 880,000 vehicles….
Hydrogen Blending Could See Energy Bills Rise by 16 Percent: Study
Mixing hydrogen into existing gas supplies, an emission-cutting strategy being considered by the UK government, could cause household energy bills to rise by 16 percent, a new study has suggested. The British government said last year that it would work with industry to “assess the safety, technical feasibility, and cost effectiveness of mixing 20 percent…
Australia Adds ‘Blue Carbon’ to Credit System
More farmers, businesses, and industries will now be able to claim and cash-in Australian Carbon Credit Units (ACCU)—a financial instrument awarded to those who reduce their carbon dioxide emissions—with the inclusion of mangroves and tidal marshes to the carbon offset scheme. One carbon credit represents one tonne of carbon dioxide stored or avoided. These can…
Volkswagen Agrees to $3.5 Million Diesel Emissions Settlement With Ohio
January 21, 2022
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WASHINGTON—Volkswagen AG agreed to a $3.5 million settlement with Ohio over claims the German automaker violated state laws by manipulating vehicle computer software in its vehicles to mask carbon dioxide emissions, the state attorney general said. In November, the U.S. Supreme Court rejected Volkswagen’s bid to avoid lawsuits filed by officials in three states including…
EU Court Rejects Cities’ Bid to Curb Car Emissions
BRUSSELS—The European Union’s top court dismissed a complaint on Thursday brought by the cities of Brussels, Madrid, and Paris against the European Commission in which they accused it of setting car emissions limits for nitrogen oxides too high. The Court of Justice of the European Union (CJEU) thereby overruled an earlier judgment in favor of…
Australia to Boost Urea Production to Keep Trucking Industry Moving
The Australian government has agreed to help national industry rapidly design and develop new urea manufacturing capabilities to tackle a looming shortfall that could ground the nation’s diesel fleet. To address the impending deficit, the Australian government has struck a deal with fertiliser manufacturer Incitec Pivot to immediately begin the design, trial, and testing of…
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