Global Climate News

UK ETS Authority has proposed expanding emissions trading scheme to maritime sector and non-pipeline carbon transport. UK Government has confirmed funding for first carbon capture sites with £8 billion private investment.

Nordea has engaged with oil and gas companies through field trips to Texas and Calgary, promoting OGMP 2.0 membership for methane emissions reduction. 14 companies have joined the initiative targeting 45% reduction by 2025.

IBM released State of Sustainability Readiness Report 2024 and launched multiple AI-powered tools for sustainability, including Envizi ESG planning, Maximo asset management, and partnerships with WWF and UNDP.

Net-Zero Banking Alliance released 2024 Progress Report showing strong progress in banks' climate commitments. Nordea, the only Nordic bank in NZBA Steering Group, highlighted for its transition assessment tool.

Port of Rotterdam and Singapore completed pilot for bunkering 100 tonnes of liquefied bio-methane, supporting green shipping corridor initiative. Shell supplied LBM to CMA CGM vessel with sustainability certification.

BIMCO has adopted a new FuelEU Maritime Clause for Time Charter Parties 2024 to help shipping industry comply with upcoming EU maritime emissions regulations starting January 2025.

MOD's Defence Infrastructure Organisation has delivered 70+ carbon negative buildings across 11 sites with Landmarc and Reds10, featuring sustainable technologies and achieving 35% reduction in operational carbon.

K Line has taken delivery of Pontus Highway, a 7,000 CEU LNG-powered car carrier, and completed first trial of marine B100 biofuel on Apollon Highway, demonstrating commitment to emissions reduction.

Indonesia's President Prabowo announced plans for 75 GW renewable energy and 5 GW nuclear by 2040, but analysts say targets need doubling to meet net-zero goals and phase out fossil fuels.