Australian pension fund tips $400 mln into Macquarie NBS, renewables fund
Superannuation fund UniSuper on Friday announced a $400 million investment in the Macquarie Green Energy and Climate Opportunities Fund (MGECO), which invests in renewable energy and nature-based solutions.
Read MoreANALYSIS: Voluntary carbon actors eye narrative change but demand still lacking
Voluntary carbon attendees at an industry event held in Florence this week struck an optimistic note in light of imminent market developments that are expected to boost demand, but multiple sources highlighted a lack of tangible impact so far, with buyers still said to be holding back on offset investment due to reputational risk.
Read MoreSouth Korea plans fund to support carbon projects, trade ITMOs -media
South Korea is planning to develop a fund to support carbon offset projects globally to generate Internationally Transferred Mitigation Outcomes (ITMOs) that the East Asian nation can use to meet its climate goals, Bloomberg reported Thursday.
Read MoreUK platform, ASEAN group partner to propel carbon market growth
A UK-based market intelligence and carbon credit procurement platform has partnered with a Southeast Asian private sector alliance to support the growth of voluntary and compliance carbon markets in the region, it announced Thursday.
Read MoreIndonesian nickel mining could destroy 500,000 ha of forest -report
In Indonesia, an area the size of Singapore has already been deforested to supply the nation’s booming nickel industry, and eight times that amount of forest could be under threat, according to a report released Thursday.
Read MoreAustralia’s Queensland legislates emissions reduction target of 75% by 2035
Australia’s state of Queensland on Thursday passed legislation to reduce the state’s emissions by 75% by 2035, as well as to achieve 80% renewable energy generation by the same date.
Read MorePREVIEW: India heads to the polls as ruling party promises more of the same, lacks specifics on climate policies
India is one of the most vulnerable countries to global warming, but neither the political parties nor the voters have climate change issues high up on their agenda as the world’s largest democracy begins its elections on Apr. 19.
Read MoreFirst CCCI transition credit pilot project to see more clarity this year
The first Coal to Clean Credit Initiative (CCCI) pilot project could see more progress this year, according to the developers, who eye avoiding up to 19 million tonnes of CO2 emissions with the early phase-out of a Filipino coal plant.
Read MoreANALYSIS: Australian landfill gas method rework consultation ‘imminent’ as ERAC assessment deemed litmus test for overhauled body
The Australian government is expected to ‘imminently’ release a discussion paper on the rework of its landfill gas methodology and likely finalise it by the end of the year, but market participants are still left guessing what will be done with one of the market’s biggest-yielding project types.
Read MoreUN Secretary-General calls for fossil fuel phaseout
UN Secretary-General Antonio Guterres called for a phase out of fossil fuels at the Spring Meetings of the International Monetary Fund (IMF) and World Bank on Wednesday.
Read More
