Tuesday, October 27, 2020
Home Tags East Asia

Tag: East Asia

20.10.12~20.10.18 NASA Supercomputing Study Breaks Ground For Tree Mapping, Carbon Research

Scientists from NASA’s Goddard Space Flight Center in Greenbelt, Maryland, and international collaborators demonstrated a new method for mapping the location and size of trees growing outside of forests, discovering billions of trees in arid and semi-arid regions and laying the groundwork for more accurate global measurement of carbon storage on land. Using powerful...

Climate strikes, environmental protests in January 2020 (20.01.27 ~ 20.02.02)

Jan. 3: - The first climate strike of 2020 was led by the Fridays for Future movement, taking place across the globe from Uganda to Australia, with students not attending school for one day a week to raise awareness on the effects of climate change. Jan. 6: -...

Trump Administration Moves to Limit Climate Reviews for Federal Projects (20.01.06 ~ 20.01.12)

... The anticipated rules won’t change what has been the common practice at most federal agencies since President Trump took office three years ago—which has been to check a box on climate change while ignoring a project’s true contribution to global warming when carrying out reviews mandated by the National Environmental Policy Act.

Pelosi to lead group of Democratic lawmakers to UN climate change conference (19.11.25~19.12.01)

(CNN)House Speaker Nancy Pelosi will lead a group of Democratic lawmakers to a United Nations conference on climate change less than a month after the Trump administration began formally withdrawing the US from the Paris climate accord. The House speaker on Saturday announced she will lead the congressional delegation to the UN COP25 environmental...

$1 Billion In Iranian Crude Is Stuck At This Chinese Oil Hub

It's no secret that Beijing has chafed at American audacity to try and dictate whom Chinese refineries can and can't buy oil from. And in the latest example of just how aggravating the decision to end waivers for Iranian crude imports has been for the world's second-largest economy, Reuters reported that some 20 million barrels of Iranian crude have...

A South Korean Government-owned company’s $700 million on a Bylong coal mine now in question

THE South Korean Government has put a question mark under the strategic case for its controversial Bylong coal mine proposal with new plans to significantly cut coal-fired power use over the next two decades because of serious air pollution concerns and to reduce carbon emissions. A draft energy plan released last week lifts the renewable energy target from 20...

Anti-Fine Dust Body Launched In S. Korea Under Ex-UN Secretary-General

Headed by Ban, the National Council on Climate and Air Quality aims to find solutions to the particulate pollution issue, come up with policy ideas, and coordinate actions with neighboring countries such as China. The 43-member council is composed of several committees and a senior advisory group. A body of 500 members of the public will be launched next month,...

Gazprom in Talks with CNPC over China Gas Deliveries

Russian gas major Gazprom has discussed deliveries to China with the country’s CNPC (China National Petroleum Corporation), the Russian company said in a statement on Thursday, according to Reuters. Also on Thursday, the state-run gas giant said it would start filling the Power of Siberia pipeline, which supplies gas to China, in the third quarter, and deliveries to China...

KEPCO to bear the brunt of soaring Korean CO2 prices

South Korean carbon prices rose to fresh record highs on Friday, leaving state-owned utility KEPCO to pick up the bill as the firm is obligated to compensate power companies for the CO2 allowances they have to buy.... An excerpt from Carbon Pulse

At China’s Belt and Road Forum, Guterres calls for ‘inclusive, sustainable and durable’ development

Addressing Chinese President Xi Jinping and dozens of other state leaders at the Second Belt and Road Forum for International Cooperation, Mr. Guterres urged the international community to “come together” in mobilizing resources to implement the Sustainable Development Goals (SDGs) and “to stop runaway climate change.” .. Earlier, noted there was now “a unique opportunity to build a new generation...

Advanced (Smart) Meter Rollout In Western Australia

Western Power is to install 238,000 advanced (aka smart) meters as part of its routine meter replacement program, and for all new meter installations. Western Power is a WA Government owned corporation that operates in the state’s South West Interconnected System (SWIS). Its transmission and distribution network runs from Albany in the south to Kalbarri in the north and Kalgoorlie...

European bloc not considering joining China’s Belt and Road plans

EU officials confirmed that the bloc is not considering joining China’s Belt and Road initiative on Friday (26 April), contrary to what German Economic minister Peter Altmaier has previously said. The bloc decided not to become a member when the massive plan was presented more than five years ago. Member states are free to join individually, as nearly half of...

S. Korea draws up W6.7tr budget bill to curb fine dust, boost economy

The South Korean government has drawn up an extra budget of 6.7 trillion won ($5.9 billion) in an effort to alleviate the fine dust problem and respond to economic downside risks, the country’s top fiscal policymaker said Wednesday.... An excerpt from Korea Herald

Guangdong carbon market closes higher

Carbon emissions allowances closed at 22.49 yuan (3.35 U.S. dollars) per tonne on Wednesday, 0.13 percent up from Tuesday, at the China Emissions Exchange (Guangzhou), the largest local carbon market in China. The allowances, officially known as Guangdong Emissions Allowances (GDEA).. Since its opening in December 2013, the market has traded 112.13 million tonnes of GDEA, with a total turnover...

IEEFA update: South Korea takes further steps away from thermal coal

The South Korean Ministry of Trade, Industry and Energy has tabled a new draft energy master plan that increases the nation’s ambition to move away from coal and towards renewable energy...... An excerpt from IEEFA

TEPCO Becomes First Utility Company in Japan to Express Support for Task Force on Climate-related Financial Disclosures (TCFD) Recommendations]

Tokyo Electric Power Company Holdings, Inc. (TEPCO) has become the first Japanese utility company to express its support for the Task Force on Climate-related Financial Disclosures (TCFD) recommendations as it aims to further improve its contribution to the sustainable growth of society and ability to adapt to social change. ]... An excerpt from TEPCO

Buying international permits is a cheap way to cut emissions. It’s that simple

Labor has proposed using international permits as part of its climate policy measures to allow high-emitting businesses to reduce their pollution at least cost. Sticking with basic facts, using international permits to lower the costs associated with reducing pollution was something the Coalition said it was prepared do. So stay with me. The government that flagged using international permits, with a...

New Zealand wins cautious support for carbon credit plan

New Zealand’s ETS consultation process has drawn support for allowing ETS companies to buy a limited amount of carbon credits from abroad, but a significant minority want restrictions such as having the government make the purchases or banning international units outright.... An excerpt from Carbon Pulse

Japan’s greenhouse gas emissions fall 1.2% in FY 2017

Japan's greenhouse gas emissions fell 1.2 percent in fiscal 2017 -- a fourth straight year of decline -- as the use of renewable energy spread, the Environment Ministry said Tuesday.Japan's emissions rose after a massive earthquake and tsunami in the northeast of the country in 2011 triggered the Fukushima nuclear crisis and subsequently forcing the country to resort...

Saudi Aramco buys $1.2bn stake in South Korean refiner Hyundai Oilbank

The biggest shareholder in South Korean oil refiner Hyundai Oilbank said on Monday that state-owned Saudi Aramco has agreed to buy a 17 per cent stake in its oil processing operations for 1.4 trillion won ($1.24bn).Hyundai Heavy Industries Holdings said in a regulatory filing that it had signed a sales agreement with Saudi Aramco that included an option for...

EXCLUSIVE: China aims for 2020 ETS start, quick expansion -sources citing govt plan

China aims to finally launch its emissions trading scheme for its power sector next year, and then expand the market to other major industries over the following five years, multiple sources told Carbon Pulse, citing a draft government plan....An excerpt from Carbon Pulse

CN Markets: Guangdong ETS value soars 460% as signs of scarcity attract investors

China’s biggest cap-and-trade market saw a 460% year-on-year increase in value over Q1 as institutional investors entered amid signs of the scheme’s historical allowance surplus drying up, pushing prices up to four-year highs in the process.... An excerpt from Carbon Pulse

Climate Change Minister James Shaw snubs two-tier Emissions Trading Schemes

Climate Change Minister Minister James Shaw has snubbed recommendations from the environment watchdog for two separate Emissions Trading Schemes — one for fossil fuels and one for farming and forestry. Shaw and Forestry Minister Shane Jones later announced a change to the ETS that will change how forest owners are paid for the carbon their trees absorb from 2021. The...

Editorial: Gas Markets In Turnaround [Ngw Magazine]

Asian spot prices have gone below European hubs this winter: it was mild and China burned more coal and took less US LNG. But at sub $5/mn Btu, neither region can reward US LNG exporters. Oversupply, rather than low demand, is the reason, according to Marex Spectron analysts at a media briefing. ... An excerpt from NGW

China wants to ban Bitcoin mining because it ‘seriously wasted resources’

The National Development and Reform Commission (NDRC), the country's chief planning regulator, has unveiled a paper with a proposal to ban Bitcoin mining, saying it has "seriously wasted resources."Many have already come to Quebec where hydro power is cheap, plentiful and non-polluting, but others have set up shop at dirty coal plants in Australia and elsewhere....An excerpt from Engadget

What Does The New Silk Road Mean For Oil And Gas? [GGP]

..the overarching theme of the 2019 International Petroleum, Technology Conference (IPTC) being hosted in Beijing this week executives from China National Petroleum Corporation (CNPC) and Saudi Aramco—the conference’s two major sponsors and hosts—shed light on how they expect the arrangement to unfold in the years to come during IPTC's opening sesssion. Wang Yilin, the chairman of CNPC and IPTC's honory chairman.......

Oil Search signs multibillion-dollar PNG gas deal

Oil Search has signed an agreement with the Papua New Guinean government to develop a $US15 billion ($21 billion) gas field in the country. The agreement allows Oil Search, and joint-venture partners Total, Papua New Guinean (PNG) national oil company Kumul Petroleum and ExxonMobil, to develop the Elk-Antelope and P’nyang gas fields off the country’s shores.... An excerpt from SMH

New LNG trading platform to be launched in Singapore

Reuters is reporting that Kpler and Powernext plan to launch an LNG trading platform in Singapore later this year. In March, Kpler and Powernext combined their resources to set up Spark Commodities in Singapore, with Tim Mendelssohn, formerly of Koch Supply and Trading and BP, as its managing director. .. aiming to launch the trading platform by 4Q19... An excerpt from Ingindustry

World first soil carbon project a giant leap for humankind

The Grounds Keeping Project sequestered 11t CO2-e/ha on farm land between baseline and second round soil sampling over a period of 1 year. This level of sequestration is equivalent to what might be expected from an environmental plantings project in the same region. Furthermore, it is not taking land out of food production, meaning it is agriculture plus carbon...

Chinese company to get 100 mln-USD ADB loan for waste-to-energy projects

China's SUS Environment Co., Ltd. on Monday signed an agreement with the Asian Development Bank (ADB) for a loan of 100 million U.S. dollars. The ADB loan will provide financing for the company's waste-to-energy (WTE) projects located in Taiyuan, the capital city of north China's Shanxi Province... An excerpt from XinhuaNET