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Australia’s Woodside Energy defends climate strategy, cites cost as a barrier to gas decarbonisation
In an interview with Eco-Business, CEO Meg O'Neill says Woodside will have to engage investors on natural gas decarbonisation and decide if doing so is "the most effective use of shareholder capital". Australia has been under fire for backing gas drilling despite its 2050 net zero goal.
Cirebon 1’s financial advisor says the model "might not be replicable" nationwide as grid stability costs were overlooked early on and transition credits – being trialled in the Philippines – may not apply. Updates on the pending transaction are expected at COP29.
India's super-polluter Vindhyachal plant experiments with carbon capture, but trial fails to appease local coal concerns.
Global electricity generation from solar will quadruple by 2030 and help to push coal power into reverse, according to Carbon Brief analysis of data from the International Energy Agency (IEA).
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