China’s biggest bank dumped a plan to finance a $3 billion coal-fired power plant in Zimbabwe, dealing a blow to coal developers in Africa that see the Asian country as the last potential funder of their projects.

India and other developing nations will oppose plans by the European Union and the U.S. to penalize imports of carbon-intensive goods to curb emissions at the global climate summit to be held in Glasgow this November. Minister says India wants developed nations to do more

China has launched its national ETS in January 2021, and is one of the key instruments needed to meet its enhanced climate change goals to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060. The number of emissions allowances is expected to have an annual decline rate of 2.2 percent from 2021, an increase from 1.74 percent over the period 2013-2020.

Carbon cap and trade system set to be extended to maritime industry, which contributes close to 3 per cent of global emissions.

A pioneering green steelmaking plant in Sweden has successfully demonstrated the feasibility of using fossil fuel-free hydrogen gas rather than coking coal for production processes, marking a “critical milestone” on the road to decarbonizing the steel industry, according to the companies behind the high profile project.

A drive to reduce dependence on imported materials and technology, especially from China, is pushing India to invest in a battery technology that uses aluminum rather than lithium as the key ingredient. Indian Oil Corp., the nation’s largest oil refiner, has teamed up with startup Phinergy Ltd. to develop the Israeli company’s aluminum-air battery.

EQT. Corp., America’s largest natural gas driller, set a target to zero out emissions from its own operations and energy use in just four years. The harder part will be tackling pollution from customers, a problem the producer is still mulling.