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Taiwan joins Asian carbon trading push
Newly launched Taiwan Carbon Solution Exchange is expected to enable companies to trade in both domestic and international credits
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Non-profit group launches rulebook for companies claiming climate progress on the back of purchased offsets
Denmark awards licences to CCS frontrunners
TotalEnergies, Wintershall Dea and Ineos secure first exclusive licences to explore potential offshore storage sites
Shell delivers first cargo under Giignl green LNG rules
Cargo shipped from Gorgon project to Taiwan is first to verify GHG-neutral status using guidelines set by International Group of Liquefied Natural Gas Importers
Renewables count the cost of rate hikes
Levelised cost of electricity rises on higher cost of capital but renewables remain highly competitive against fossil fuels
US opens first California offshore wind auction
First lease sale on the west coast to be held in December
Energy crisis will not derail transition – DNV
Falling cost of renewables and rising carbon prices will outweigh short-term turbulence, risk management firm says in new forecast
Floating offshore wind capacity doubles in 2022
Sector is likely to continue to gain momentum as costs fall
Mainstream targets energy major status by 2030
New ownership positions renewables project developer for transition to long-term asset owner and operator
Geopolitical risks threaten transition
Russia’s invasion of Ukraine has underscored how energy can be weaponised in times of conflict
Marine life naturally coalesces around offshore foundations
Wind Offshore Orsted Taiwan Gulf of Mexico North Sea Decommissioning
Polly Martin
11 May 2022
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Orsted to trial offshore wind-to-reef initiative in Taiwan

Reefing offshore installations could improve ocean biodiversity but faces regulatory obstacles in the US and Europe

Danish energy company Orsted is to undertake a proof-of-concept study for its ‘Recoral’ method of fostering coral reefs around offshore wind turbines. The trial will take place at its 605MW Greater Changhua 1 project in Taiwan, in collaboration with local research institute the Penghu Marine Biology Research Center. Rising sea temperatures are leading to coral bleaching and death in many parts of the world, destroying the habitat of reef animals. However, turbine foundations can combat the effect by encouraging the vertical mixing of ocean water, according to Orsted. The company successfully grew juvenile corals on underwater steel and concrete substrates at a quayside test facility in Taiwa

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Brazil eyes leadership role in global carbon market
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Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30

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