Korean Electric Power Corporation (KEPCO) has announced that it will develop commercialisation of carbon-free power generation technologies that use ammonia blends and hydrogen blends.
The Irish state energy group ESB has announced it will spend up to €2 billion a year until the end of the decade on reducing greenhouse gas emissions. It said it would reach net zero by 2040.
The International Energy Agency (IEA) said that it anticipates that the rise in global electricity demand will slow over the next few years after a record 2021, but will still result in higher carbon emissions without rapid gains in low-carbon supply and energy efficiency.
A report from the research firm Rhodium Group said that US emissions jumped last year from the low levels caused by Covid lockdowns in 2020.
Over 40 countries have agreed at the COP26 climate summit to phase out their use of coal-fired power generation.
Fumio Kishida, Japan’s Prime Minister, has announced at the COP26 conference in Glasgow, Scotland, to provide $10 billion over five years to help Asia reach zero carbon emissions.
President Moon Jae-in of South Korea pledged at the G20 summit in Rome that South Korea will complete the phaseout of coal-fired power generation by 2050.
Meeting Scope 3 obligations is not always easy, but it is essential for companies working towards becoming truly ‘net zero’.
By Harriet Assem, Technical Director, ESG and Sustainability at ITPEnergised
Going carbon neutral is a huge undertaking for any company. Pre-planning a route with regular, achievable goals and recognising the importance of accountability will make the journey easier.
By Mark Doyle, Corporate Accounts Manager at Gazprom Energy
US clean energy firm 8 Rivers Capital, acting through its UK subsidiary Zero Degrees Whitetail Development (ZDW), and Sembcorp Energy UK (SEUK), part of Singapore-based Sembcorp Industries, have signed a collaborative agreement to develop the UK’s first net zero emissions power plant.