Shipbuilders face significant risk by overshooting liquefied natural gas (LNG) shipping capacity that is inconsistent with future energy scenarios, according to a new report released today by Climate Analytics and Solutions for Our Climate.
May 26, 2023 - Oil Change International priceofoil.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from priceofoil.org Daily Mail and Mail on Sunday newspapers.
The rapid growth in LNG shipbuilding responding to the demand for gas transport is raising the likelihood of creating stranded assets writes Climate A.
The rapid growth in LNG shipbuilding responding to the demand for gas transport is raising the likelihood of creating stranded assets writes Climate A.
Betting on a sinking ship: Nine banks provide key backing for massive and controversial offshore gas reservoir in Timor Sea – despite most pledging net zero targets.
"To achieve net zero by 2050, business practices cannot remain the same." Globally, greenwashing is in the spotlight, with U.N. experts issuing a warning at last year's COP27 climate summit about its prevalence, and new standards on environmental, social and governance (ESG) credentials currently under consideration by an international body. In Asia-Pacific, where research shows growing ESG investment and public appetite for environmentally-friendly products, an Australian regulator has launched its first greenwashing case against a pension fund, while Hong Kong and Singapore are vying to be the region's green finance hubs with stricter ESG rules.
Under a draft law, a financial penalty of 3 million won will be handed out to companies that are deemed to have misled the public about their green credentials.
All existing plants in world's richest countries need to be retired by 2030 and by 2040 elsewhere in world, according to Boom and Bust Coal report - Anadolu Agency