News

Plastic is primarily composed of high-carbon fossil fuels, with annual carbon emissions equivalent to 600 coal-fired power plants. Due to its resistance to natural decomposition, recycling and reuse have become critical issues.

The U.S. think tank IEEFA's new report indicates that more than 800 coal-fired power plants in emerging markets could transition to renewable energy profitably, creating more investment opportunities for the decarbonization of the energy industry.

Vice President Ma'ruf Amin has called for stricter carbon emission testing on motorized vehicles in Jakarta to combat air pollution.

The Vietnamese Ministry of Finance recommends collecting emissions protection fees and encouraging technological investment in emission facilities, aligning with the party's and government's environmental protection policies.

Indian oil and gas companies are adopting CCUS technologies to achieve India's net zero target by 2070, as highlighted in the Ministry of Petroleum and Natural Gas report. ONGC, IOCL, BPCL, HPCL, and GAIL are leading the transition with ambitious net-zero

South Korea on Tuesday revised down its 2030 greenhouse gas emissions reduction targets for the industrial sector, but kept its commitment to reducing carbon emissions by 40% of 2018 levels in what it called a reasonable adjustment.

ING Group NV, a leading global lender to commodities trading, has announced its plans to cut the volumes of oil and gas deals it finances as part of its efforts to markedly reduce the company's carbon footprint.

China approved the construction of 106 GW of new coal-fired power capacity last year, four times more than the previous year and the highest level since 2015, spurred by energy security concerns, according to a research released on Monday.

Indonesia's efforts to decarbonize the country's power generation sector took a significant step forward on Feb. 22 when the government initiated the first phase of mandatory carbon trading for coal-fired power plants.

The price of permits on the European Union's carbon market reached 100 euros ($106.57) a tonne for the first time on Feb. 17, reflecting the increased costs that factories and power plants must bear when they pollute.

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