Investors are failing to hold directors to account for climate risk, report finds
So-called responsible investors are shirking their duties to push for company directors with better climate policy, according to a report released Tuesday.
Read MorePrivate land conservation group fears Australia is weakening its nature targets
The Australian government appears to be downgrading its biodiversity conservation targets, a peak nature body has warned, based on information in a recent consultation.
Read MoreVCM Report: ICE CORSIA voluntary carbon futures strengthen further on thin trade as sources point to ‘panic’ buying
ICE’s CORSIA Phase 1-eligible (2024-26) voluntary carbon futures extended gains to reach a fresh record last week, on very low volume, with the price strength coming off the back of ‘panic’ buying given the supply uncertain outlook, according to sources.
Read MoreAustralia’s Clean Energy Regulator takes legal action against trading company
The Clean Energy Regulator (CER) is taking a trading company and its former director to the Federal Court for allowing unauthorised persons access to its emissions registry unit (ANREU) account, it announced Monday.
Read MoreLNG partners team with fertiliser player for CO2 storage in Western Australia
A CCS joint venture has partnered with a fertiliser producer to consider CO2 capture in a major industrial region in Australia, using a depleted gas field for storage.
Read MoreAustralian low-emissions wood pellet producer secures 30-year lease for NZ facility
An Australian company has secured a 30-year lease agreement in New Zealand where it intends to build a NZ$300 mln ($180 mln) plant producing wood pellets that when burned emits 95% less carbon than coal.
Read MoreAU Market: Integrity concerns, compliance shift sees ACCU spot prices converge
Generic and human-induced regeneration (HIR) Australian Carbon Credit Unit (ACCU) spot prices have converged in recent days, in part due to integrity concerns stemming from last week’s Nature study as well as the shift to a compliance market, according to traders and analysts.
Read MoreIntegrity Council approves three voluntary carbon programmes for CCP eligibility
Gold Standard, ACR, and Climate Action Reserve (CAR) have been given the green light by the governing board of the Integrity Council for Voluntary Carbon Markets (ICVCM), marking a step towards the labelling of credits issued via their methodologies with the Core Carbon Principles (CCP) stamp, while Verra, ART TREES, Social Carbon, and Isometric will be assessed by May at the latest.
Read MoreGlobal Carbon Council launches new voluntary CCS methodology for hard-to-abate sectors
The Global Carbon Council (GCC) launched Thursday its wide-ranging carbon capture and storage (CCS) methodology after completing a consultation process that started in November.
Read MoreGroups urge Australia govt to limit ministerial call-in powers in EPBC reforms
A number of stakeholders are urging the Australian government to rein in broad ministerial call-in powers being proposed under its reforms to the country’s environment and biodiversity protection laws.
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