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Hyundai Motor and Kia to introduce blockchain-based carbon emission monitoring system

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Hyundai Motor Company and Kia Corporation introduced the AI-enabled, blockchain-based Supplier CO 2 Emission Monitoring System (SCEMS) to manage the carbon emissions of its cooperative business partners.

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Rio Tinto and Nippon Steel Corporation to cooperate on low-carbon emission steel value chain

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Rio Tinto, a leading global mining and metals company, and Nippon Steel Corporation, Japan’s largest steel producer, have signed a Memorandum of Understanding (MoU) jointly to explore, develop and demonstrate technologies to transition to a low-carbon emission steel value chain.

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SEC removes emissions requirements from climate rules draft

Teslarati

Securities and Exchange Commission (SEC) has edited out some of its stricter emissions requirements from corporate climate risk rules. The disclosure requirement was included with the SEC’s initial draft of the corporate climate risk rules, which were published in March 2022.

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Report finds says “negative emissions technologies” need to play a large role in mitigating climate change

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To achieve goals for climate and economic growth, “negative emissions technologies” (NETs) that remove and sequester carbon dioxide from the air will need to play a significant role in mitigating climate change, according to a new report from the National Academies of Sciences, Engineering, and Medicine.

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Lamborghini wants to reduce carbon emissions 40% per car by 2030

Teslarati

Luxury sports car maker Lamborghini plans to go all-electric in the coming years, and now the automaker has set another climate goal for itself by pledging to reduce CO2 emissions across its operations. Sustainability is one of the key pillars of our corporate strategy,” said Stefano Rutigliano, Lamborgini Director of Strategy.

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Siemens USA aims for carbon-neutral fleet by 2030

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Siemens USA has set a goal to transition to a fully carbon-neutral fleet in the US by 2030. To address these emissions, the company assembled a multi-disciplined team of experts in fleet, fleet infrastructure, facility efficiency, and climate action to implement a strategic plan.

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Occidental Petroleum and Chevron invest in direct air carbon capture and synthetic fuels company Carbon Engineering

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Canada-based Carbon Engineering Ltd. (CE) CE) has received equity investment from two global energy companies: Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corporation; and Chevron Technology Ventures (CTV), the venture capital arm of Chevron Corporation. since 2015.

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