IMO Carbon Tax Pushback Reveals Deeper Fault Lines in Global Shipping Decarbonisation

IMO Carbon Tax Pushback Reveals Deeper Fault Lines in Global Shipping Decarbonisation

The recent negotiations at the International Maritime Organization point to a deeper concern than procedural disagreement: the possibility that short-term economic and political interests are beginning to override the need for coherent, long-term climate action in one of the hardest-to-abate sectors. A global carbon pricing mechanism for shipping has long been viewed by many economists
Fortescue Fast-Tracks World-First Green Energy Grid to Eliminate Fossil Fuels in Mining

Fortescue Fast-Tracks World-First Green Energy Grid to Eliminate Fossil Fuels in Mining

Australian mining giant Fortescue Ltd is accelerating plans to deploy what it describes as the world’s first fully integrated, large-scale green energy grid designed to power heavy industry without fossil fuels, marking a significant shift in how resource extraction operations are powered. The company said it is bringing forward development of its “green grid” across
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Carbon Capture and Reduction From Compliance Pressure to Practical Climate Engineering

Carbon Capture and Reduction: From Compliance Pressure to Practical Climate Engineering

Carbon emissions reduction has shifted from being a long-term environmental aspiration to an immediate operational and financial challenge across industries. Whether in shipping, forestry, energy, or manufacturing, the core question is no longer “should we reduce emissions?” but “how quickly and by what mix of technologies?” At the centre of this transition is carbon capture
UK to Abolish Carbon Price Support

UK to Abolish Carbon Price Support: A Reform Driven by Economics — and Politics

The UK Government has confirmed that Carbon Price Support (CPS) will be abolished from April 2028, marking a notable adjustment in the UK’s carbon pricing framework and raising questions about whether the move is primarily a technical correction or a politically timed intervention amid rising energy pressures. Announced in Parliament by Dan Tomlinson, Exchequer Secretary
ESG in the Steel Industry Navigating the Path to Sustainable Growth

ESG in the Steel Industry: Navigating the Path to Sustainable Growth

Environmental, Social and Governance (ESG) considerations have become central to strategic decision‑making in the steel sector. The World Steel Association (Worldsteel) has been reporting the industry’s sustainability performance since 2004 and collects data from up to eight indicators. In 2021, 94 steel companies provided data covering over 1 billion tonnes of crude steel—about 54 %
Global Cement and Concrete Market Expected to See Moderate Growth

Global Cement and Concrete Market Expected to See Moderate Growth

The global cement and concrete market continues to navigate a complex landscape shaped by macroeconomic uncertainties, shifting demand patterns, and speeding up sustainability imperatives. In 2024, the industry showed moderate growth despite ongoing headwinds, and early indicators in 2025 suggest cautious optimism, particularly in Asia and parts of the Middle East. Global cement consumption edged
Global Sukuk Market Update

Global Sukuk Market Update

The global Sukuk market is expected to face several challenges this year, notably the imposition of the US tariffs. However, despite these headwinds, the market remains poised for growth, driven by persistent funding needs, strong investor demand, and the ongoing expansion of Sharia-compliant reforms. Emerging markets will continue to lead this growth, largely due to
QInvest Pioneers Sustainability-Linked Facility

QInvest Pioneers Sustainability-Linked Facility

QInvest LLC, a leading Qatari investment firm, has made a groundbreaking move in the financial sector by securing a US$275 million Sustainability Linked Facility (SLF). This facility represents the first transaction of its nature and reflects a significant step forward in the evolution of sustainable Islamic finance. The facility garnered strong investor interest, leading to
Bank Islam issues Seventh Tranche of Sukuk Murabahah

Bank Islam issues Seventh Tranche of Sukuk Murabahah

Bank Islam Malaysia Berhad (Bank Islam) successfully issued the seventh tranche of RM250 million (approx. $53 million) under its RM10 billion (approx. $2.1 billion) Sukuk Murabahah Programme. This issuance is particularly significant as it qualifies as Tier 2 regulatory capital, aligning with Bank Negara Malaysia’s Capital Adequacy Framework for Islamic Banks. By strengthening its capital
BUMA’s Sukuk Issuance and Its Implications for Indonesia’s Islamic Finance Market

BUMA’s Sukuk Issuance and Its Implications for Indonesia’s Islamic Finance Market

PT Bukit Makmur Mandiri Utama (BUMA), a subsidiary of BUMA International Group, has completed its inaugural Sukuk Ijarah I BUMA 2025 issuance, raising Rp2 trillion (approx. $125 million). This issuance, which stands as the largest A+ Sharia-rated corporate Sukuk Ijarah in Indonesia in a single transaction, showcases the growing appetite for Sharia-compliant investments in the
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