Page 8 - AsiaElec Week 33 2021

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Eni to supply carbon-neutral cargo to Taiwan
TAIWAN
ITALY’S Eni announced this week that it had agreed to supply a carbon-neutral LNG cargo to Taiwan’s CPC. News of such cargoes – while still comparatively unusual – have gradually become more commonplace over the past year or so amid the accelerating energy transition.
Eni said the LNG for the cargo would be sourced from Indonesia’s Bontang liquefaction terminal, under the Italian company’s contract with Eni Muara Bakau, the joint venture that owns and operates the Jangkrik gas field. Eni is the operator of the joint venture.
The cargo will be delivered to the Yung An receiving terminal in Taiwan.
The company said that the cargo’s emissions would be calculated using its own proprie- tary methodology, and would be certified as carbon-neutral under the PAS2060 standard. Emissions stemming from the entire value chain of the cargo – from production, liquefac- tion and shipping to regasification, distribution and end use – will be offset via the retirement of
“high-quality” nature-based credits.
For this cargo, the credits will be sourced
from two REDD+ projects – the Luangwa Com- munity Forest project in Zambia and the Kulera Landscape REDD+ project in Malawi. US-based Verra will certify the carbon dioxide (CO2) vol- umes that the projects will offset.
The delivery is part of Eni’s long-term decar- bonisation strategy, which envisions the com- pany reaching net zero GHG emissions by 2050. The target includes Scope 3 emissions – those stemming from the use of Eni’s products by its customers. Decarbonisation targets that incor- porate Scope 3 emissions are considered more ambitious and more challenging to achieve than goals limited to Scope 1 and 2 – respectively direct emissions and indirect ones associated with the use of electricity, heating or cooling.
Eni has intermediate targets across all three scopes of emissions – to reduce them by 25% rel- ative to 2018 levels by 2030 and 65% by 2040.™
Sri Lanka commits to abandoning coal
POLICY
SRI LANKA
SRI Lanka is to stop building coal-fired power plants and aims to double renewables’ share of the power mix by 2030, the government said in its latest climate plan.
In 2019, the Indian Ocean island got 35% of its electricity from renewables, mainly from hydropower. By 2030, it wants to increase that figure to 70% by facilitating investment in roof- top solar power, according to a report from Cli- mate Home News.
The country has one 900-MW coal power plant at Norocholai, which was built with Chi- nese backing in 2006.
It provides around one-third of electricity demand. Controversial plans for a second coal plant, to be financed by India, were shelved in 2016 after environmentalists filed a legal challenge.
The Norocholai plant has faced protests from local residents, who complain about dirty water, the polluted air and ash damaging farmers’ produce.
The Sri Lankan government is looking to reduce its imports of fossil fuels in a bid to develop energy independence
The government said in its climate plans,
submitted to the UNIPCC in July, that it aimed to be carbon neutral by 2050.
Ruling out further coal power contributes to a target to cut Sri Lanka’s greenhouse gas emis- sions 4% from business by 2030 with national investment and up to 10.5% with international support, the government said.
Sri Lanka has just 152 MW of renewable capacity, according to CEB, most of which is small hydro, solar and biomass.
The country has 2,115 MW of fossil fuel capacity (coal and fuel oil), and 1,665 MW of hydro, according to the Asian Wind Energy Association.
Meanwhile, the government is encouraging Sri Lankans to install rooftop solar power by offering loans with at most a 4% interest rate. This scheme is funded by a $50m loan from the Asian Development Bank (ADB).
Also, construction of Sri Lanka’s flagship 100-MW Mannar Wind Power Plant is close to completion, with state-owned utility CEB con- fident that its pioneering wind farm will help harness the country’s wind potential and reduce emissions.™
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w w w . N E W S B A S E . c o m Week 33 18•August•2021