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Canada Nickel launches subsidiary to develop zero-carbon production of nickel, cobalt and iron

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has created a wholly-owned subsidiary, NetZero Metals, to begin the research and development of a processing facility that would be located in the Timmins, Ontario region with the goal of utilizing existing technologies to produce zero-carbon nickel, cobalt and iron products. Canada Nickel Company Inc.

Canada 318
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Nornickel presents market review of nickel and platinum group metals

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This is primarily due to a significant surplus in the Class 2 market that occurred in 2022 and is expected to remain throughout 2023-2024, mainly owing to growing production of low-grade nickel in Indonesia. Nornickel remains the largest high-grade nickel producer with one of the lowest carbon footprints. Mt to 3.22

Market 304
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ADB Study Finds Annual Economic Losses in Southeast Asia from Climate Change Could be More Than Twice the Global Average

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The mean cost of cost of climate change for the four countries—Indonesia, Philippines, Thailand, and Viet Nam—under a “business-as-usual” scenario and if market and non-market impacts and catastrophic risks are all considered could be equivalent to losing 6.7%

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Researchers show oil palm plantation expansion a significant source of CO2; projected to contribute more than all of Canada’s current fossil fuel emissions by 2020

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Its expanding production is driving rainforest destruction and massive carbon dioxide emissions, according to a new study led by researchers at Stanford and Yale universities. Indonesia is the leading producer of palm and palm kernel oil. Marion Adeney (2012) Carbon emissions from forest conversion by Kalimantan oil palm plantations.

Oil 273
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PwC: Global Carbon Budget For 2000-2050 Could Be Exhausted By 2034

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Global accounting firm PricewaterhouseCoopers has analyzed carbon emissions from 2000 to 2008 and concluded that the world’s “carbon emissions budget”, or ability to emit carbon dioxide while still maintaining a “fair chance” of limiting average global temperatures to no more than 2 ºC (3.6

2000 170
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New phase of globalization could undermine efforts to reduce CO2 emissions

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A new study finds that the growth of carbon production from Chinese exports has slowed or reversed, reflecting a “new phase of globalization” between developing countries that could undermine international efforts to reduce emissions. The paper is published in Nature Communications. —Prof Guan.

Emissions 170
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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

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PwC analysis finds a need for global carbon intensity to drop an average of 5.1% The analysis is based on a carbon budget that would stabilize atmospheric carbon dioxide concentrations at 450 ppm and give a 50% probability of limiting warming to 2 °C. —Leo Johnson, Partner, Sustainability and Climate Change, PwC.