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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.
The China-EU taxonomy initiative's co-chair Ma Jun revealed that an expanded version will be launched at the upcoming climate summit, with hopes to add large economies like Brazil and Indonesia in the future and become “a globally accepted benchmark for taxonomy development”.
India's super-polluter Vindhyachal plant experiments with carbon capture, but trial fails to appease local coal concerns.
To avoid carbon credit pitfalls, the nascent market's pioneers are keen to rule out offsetting and secondary market trading, while letting Indigenous peoples and local communities take the lead. But NGOs call the financing mechanism a “false solution to a false problem”.
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