Carbon Emissions

The head of Japan's banking lobby has said that Japanese banks might need to provide business turnaround assistance to companies affected by tariffs imposed on them by Donald Trump's administration. This week, many large Japanese companies, including major exporters, manufacturers and suppliers, will be facing U.S. tariffs on steel and aluminum imports, as well as a 25% duty on imported cars and small trucks. In an interview, Junichi Hanzawa said, "We believe tariffs could result in a decline in corporate earnings." Hanzawa said, "We'll have to see if this burdens employment and wages and becomes a burden on companies and...

The companies announced on Monday that Dow Chemical and X-energy Reactor Company had submitted a permit application to Nuclear Regulatory Commission for a proposed project at Seadrift in Texas. Why is it important? In recent years, the U.S. Nuclear Industry has experienced challenges with expansion. However, the industry is now experiencing a boom in demand due to the power-intensive nature of data centers, and the shift towards low-emission, alternative energy sources. Small modular reactors are becoming more popular among companies. They are compact, cost-effective and faster to construct than full-sized nuclear reactors which can take years to build. The project...

Amazon, the U.S. retailer, has announced that it will begin selling carbon credits, which are used to offset climate-damaging emissions, to its business customers, suppliers and other companies. The launch coincides with a heated debate among companies, scientists and project developers about how carbon credits can be used by companies to reduce their emissions. The retailer stated that it uses industry-leading standards for its credit checks and supports the development of rigorous standards when existing checks are inadequate. Amazon is the first company to sell credits. However, it has participated in efforts to establish industry standards, and invested directly in...

The U.S. Department of Energy announced on Monday that it had disbursed $57 Million of a loan guarantee of up to $1.52 Billion for Holtec’s Palisades Nuclear Plant in Michigan. Holtec hopes this will be the United States' first commercial reactor to resume operations after ceasing to operate. The conditional guarantee of loan was part of a campaign by former President Joe Biden's administration to support nuclear power, which produces virtually emissions-free electricity, to curb climate changes and to help meet the rising demand for electricity from artificial intelligence (AI), electric vehicles, and digital currencies. After closing the loan financing...

The U.S. Department of Energy announced on Monday that it had disbursed 57 million dollars of a loan guarantee of up to $1.52billion for Holtec’s Palisades Nuclear Plant in Michigan. Holtec hopes this will be the U.S.'s first commercial reactor to resume operations after ceasing to operate. The loan guarantee was part a larger effort by former President Joe Biden's administration to support nuclear power, which produces virtually emissions-free electricity, and to curb climate changes and to satisfy the rising demand for electricity from artificial intelligence (AI), electric vehicles, and digital currencies. The Loan Programs Office of the Department closed...

A draft EU plan shows that European Commission is considering possible import curbs due to concerns about the Trump administration's metals duties diverting a large amount of aluminum to Europe. According to the plan, the EU may also consider imposing duties on its scrap metal exports in order to support the industry. Last week, U.S. president Donald Trump raised tariffs on imports of steel and aluminum to 25%. This prompted the EU to announce duties on up to 28 billion dollars worth of American products. The EU has already put in place safeguards, such as import limits for steel, and...

The shares of European truck manufacturers fell Thursday after the U.S. Environmental Protection Agency announced that it would begin efforts to reverse Biden's administration's vehicle emission rules. Analysts say that trucking fleet companies had expected to "pre-buy", trucks before the new rules came into effect, which would have driven up demand. This is unlikely to happen now. Pal Skirta, an analyst at Metzler, said that the market is likely to assume the tighter regulations are going to be reversed. This means there's no expectation of a surge in pre-purchases for the second half 2025-2026. Skirta stated that this was the...

The U.S. Environmental Protection Agency announced on Wednesday that it has begun efforts to reverse Biden's administration's vehicle emission rules, which would force automakers into building an increasing number of electric cars. This is just the latest of the Trump administration’s sweeping actions to undo prior efforts to encourage automakers to produce electric vehicles. The previous administration had rescinded a plan to have at least 50% new vehicles be EVs by 2030. The EPA The agency said that it would review its 2024 rules, which would reduce tailpipe emissions from passenger vehicles by almost 50% by 2032 as compared to...

According to sources familiar with the situation, the Trump administration plans to reverse pollution rules that reduce soot emission from U.S. power plants. This is a move to keep some of America's dirtiest coal-fired plants operating. Because they are small enough to enter the bloodstream, soot particles have a negative impact on health. The plan is in line with Trump's executive orders of January 20, which directed the Environmental Protection Agency (EPA) to review measures that affect energy reliability. They also declared a National Energy Emergency to increase government powers for boosting fossil fuels and electricity production. The White House...

Sources said that the Trump administration was considering canceling the lease for a support office of a well-known Hawaiian climate research station. This raises concerns for the future of important work tracking the impact on global warming of carbon emissions. Elon Musk's Department of Government Efficiency, which is led by billionaire Elon musk, has proposed that the leases of over 20 offices rented by U.S. National Oceanic and Atmospheric Administration be terminated in order to save money. On the DOGE's website, there is a listing for a NOAA office located in Hilo, Hawaii, and an estimate on how much money...

A nonprofit environmental group sued the U.S. Environmental Protection Agency on Saturday and Citibank, requesting billions of dollars to fund solar and other projects that have been frozen by the bank due to the Trump administration's cuts in federal spending. Climate United Fund claims that by freezing grant money approved by Joe Biden’s administration, "EPA has acted in order to prevent Citibank's disbursement of funds, harming Climate United and its borrowers as well as the communities they are serving." This is just one of many lawsuits filed by nonprofits, state attorneys general, and others to fight President Donald Trump's Republican...

A letter obtained by revealed that the United States had withdrawn from the U.N.'s board of hard-negotiated climate damages fund, which is dedicated to help poor and vulnerable countries cope with climate-change-fueled disasters. The withdrawal is just one of the many steps taken by the Trump administration to end U.S. climate change support. It comes as part of a wider pullback from multilateral initiatives by the richest nation in world. Since January 1, it has stopped the participation of U.S. climate scientists in global assessments, pulled out of funding deals that help countries reduce their coal use, as well as...

China will finalise the long-awaited global green sovereign bonds on Wednesday. This is expected to mark the beginning of a series that will increase its market share at a crucial time. The signal was sent to indicate that the vehicle was ready Last month Top Chinese Finance Ministry officials laid out the detail at a meeting in London with investors on Tuesday. The 6 billion yuan bond ($825 millions) is scheduled to be listed on the London Stock Exchange. Green bonds have grown to a market value of $3 trillion over the past few years. China's state-run firms have made...

Maruzen Petrochemical in Japan, a subsidiary of Cosmo Energy Holdings will close its ethylene plant in Chiba during the fiscal year 2026/27 and consolidate its production at Keiyo Ethylene - its joint venture with Sumitomo Chemical - the companies announced on Tuesday. The three companies released a joint statement saying that the move is intended to improve the utilization rate of Keiyo Ethylene. Keiyo Ethylene is owned by Maruzen and Sumitomo, respectively. Low operating rates have plagued Japanese ethylene plants due to a global oversupply caused by China's large-scale capacity expansions, as well as a declining domestic market. Energy transportation...

The French battery manufacturer Automotive Cells Company announced on Thursday that they welcomed the support of the European Union in the auto industry, but also expressed concern that the support would be too late. The European Commission released an action plan on Wednesday for the automotive industry to help them reach the target of zero carbon emissions for any cars or vans sold within the region by the year 2035. The money included 1.8 billion Euros ($1.94 billion), which was allocated to secure the supply chain for raw materials used in batteries. ACC, owned jointly by Stellantis Mercedes and TotalEnergies...

French automaker Renault is devoted to complying With tighter EU guidelines on CO2 emissions this year, it stated believes automakers pooling their emissions could compromise the European cars and truck industry. The EU substantially decreased its cap on automotive carbon dioxide emissions from Jan. 1, meaning at least one-fifth of all sales by the majority of cars and truck companies need to be EVs to prevent heavy fines. Business with lower electrical automobile sales can swimming pool their emissions with section leaders, nevertheless buying emissions credits from other makers to decrease their general averages and save them numerous countless euros...

Advisers to incoming U.S. President Donald Trump are advising he waive environmental reviews for federally moneyed vital minerals jobs to enhance domestic production of products utilized in electric lorries, electronics and weapons, according to a file seen . Implementation would show a significant shift in how Washington evaluations proposed mines on federal lands and aims to guarantee that projects receiving loans, grants or other federal government support are able to assist the U.S. cut reliance on China, the world's. largest miner and processor of lithium, cobalt and other. important minerals. The consultants, entrusted by Trump's transition group to develop. policy...

Japan wants renewable energy to account for approximately 50% of its electrical energy mix by fiscal year 2040 with nuclear power using up another 20%, according to a. draft of its revised standard energy policy, as it makes a tidy. energy push while meeting rising power need. As the world's second-largest importer of melted natural. gas and a major consumer of Middle Eastern oil, Japan and its. fundamental energy plans are drawing worldwide attention from oil, gas. and coal producers. Thermal power usage, particularly from inefficient. coal-fired power plants, is set to decrease to in between 30% and. 40% by...

TotalEnergies will develop an 0.3 gigawatt (GW) solar park in Saudi Arabia, while EDF Renewables will build 2 solar parks totalling 1.4 GW, as part of a series of offers announced on Tuesday throughout a see by French President Emmanuel Macron to Riyadh. The French companies participated in 25-year power purchase contracts with the Saudi Power Procurement Company for the jobs, which were granted on a build-own-operate model as part of the kingdom's fifth renewable tender round. Saudi Arabia is intending to build 130 GW of eco-friendly capability by 2030, up from less than 5 GW today, with the International...

Amazon.com Inc prepares to pilot a new carbonremoval product for data centers, which are at threat of getting worse emissions from expert system systems they power, a startup behind the deal said on Monday. In a twist, AI itself, from the start-up Orbital Products, is what created the carbon-filtering substance, its Chief Executive Jonathan Godwin stated. It resembles a sponge at the atomic level, Godwin informed Reuters. Each cavity in that sponge has a particular size opening that engages well with CO2, that doesn't communicate with other things. Prospective cost-savings are partially the draw. The new material amounts to an...

In a research study center in the northwest of Beijing, molecular biologist Li Jieping and his team harvest a cluster of seven abnormally small potatoes, one as tiny as a quail's egg, from a potted plant. Grown under conditions that replicate forecasts of greater temperatures at the end of the century, the potatoes supply an ominous sign of future food security. At just 136 grams (4.8 oz), the bulbs weigh less than half that of a normal potato in China, where the most popular varieties are often two times the size of a baseball. China is the world's most significant...

An offer at the COP29 environment talks on trading carbon credits might see billions of dollars move into emissionsreduction jobs this years however after a. string of scandals, the marketplace will first need to win over wary. countries and neighborhoods. Carbon trading is viewed as one way for richer nations to. fulfill their emissions reduction targets at the exact same time as. helping poorer nations move to greener energy and to enhance. their durability versus environment modification. A U.N.-backed international market for producing and trading carbon. credits has actually been discussed for at least 10 years. In its. lack, a...

Federal governments around the globe are ploughing billions of dollars into fossil fuel subsidies to shelter people from higher energy costs, but that comes at a. financial burden, develops ineffectiveness, and obstructs the objective of. decreasing total usage. At the U.N.'s COP29 environment top in Baku, conversations are. continuous over decreasing distortions and inefficiencies produced by. aids - a crucial to decrease the production and use of fossil. fuels, which contribute significantly to climate modification and. pollution. JUST HOW MUCH DO GOVERNMENTS SPEND ON FOSSIL FUELS? The International Energy Company (IEA) computed that fossil. fuel consumption aids stood at $620...

Taiwan has actually established a war room to see the live stream from next week's COP29 environment top provided it is not enabled to participate in for political factors, Environment Minister Peng Chiming stated on Friday. Democratically-governed Taiwan is omitted from practically all international bodies due to objections from China, which sees the island as its own territory not a country and claims the right to be able to speak for it on the global phase, a. position that irritates the government in Taipei. Talking to foreign media at his ministry in Taipei, Peng. said it was a shame that...