DNV finds Spain is off track for full decarbonisation. Emissions are down 13 per cent since 1990, but could fall 74 per cent by 2050, with transport still dominant and power sector rapidly decarbonising.
China National Offshore Oil Corporation (CNOOC) announced that construction has started on a carbon capture, utilisation and storage (CCUS) project at the Dongfang 1-1 gas field in south China's Hainan Province.
Holcim, a global leader in sustainable construction, has announced that it has joined hands with 44.01, a key environmental services company, for its first pilot project in Fujairah to mineralise CO₂ captured from the cement industry.
Abu Dhabi National Oil Company has signed a $2 billion green financing deal backed by Korea Trade Insurance Corporation (K-Sure) to fund lower carbon projects across its operations. This marks its first green financing facility backed by a Korean agency.
Mars Gulf has launched a pilot electric commercial vehicle (EV) in the UAE for last mile delivery of its chilled confectionery, marking a key step toward greener logistics in the region. This come as part of Mars’ broader ambition to decarbonise its supply chain and support the government's Net Zero by 2050 strategic initiative.
Samsung C&T E&C Group has received a letter of award from QatarEnergy LNG for the construction of a large-scale carbon compression and transport facility. The engineering, procurement, and construction (EPC) contract is valued at approximately KRW1.9 trillion ($1.3 billion).
The 21st Americas LNG Summit & Exhibition in Lake Charles gathered 3,000 energy leaders and experts from 50 countries to discuss LNG’s evolving role in global energy security, economic growth, and the clean transition
Eni and the Bioenergy Association for Sustainable Development, affiliated with the Ministry of Environment of Egypt, signed in Cairo a cooperation agreement to prepare a comprehensive feasibility study for establishing biogas production units based on the treatment of animal and agricultural waste.
The Environment Authority (EA) is implementing innovative financial policies to meet Oman’s 2050 carbon neutrality goals. This includes securing funding from the Green Climate Fund and enhancing project proposals, partnerships, and international cooperation for effective climate action.
The United Nations has recently approved the first methodology under Article 6.4 of the Paris Agreement, representing an advancement in the realm of global carbon markets. This initiative marks the beginning of a new phase in international carbon trading, allowing countries and companies to offset emissions under a unified global standard
