- 23:53The Bezos Earth Fund on Tuesday unveiled the recipients of 24 inaugural Phase I grants under its AI Grand Challenge for Climate and Nature, awarding a total of $1.2 million to support the development of artificial intelligence solutions targeting some of the world’s most urgent environmental challenges.
- The Integrity Council for the Voluntary Carbon Market (ICVCM) has released its first report from the Continuous Improvement Work Programme (CIWP) focused on permanence, which welcomed the strong foundation of approaches to have been implemented across the market to date, but recognised that many of these have not been standardised.
- Verra’s new methodology for crediting avoided deforestation REDD+ projects will slash issuance levels and create a minimum floor price of $15/tonne, but the current value of units is still too low to incentivise many project developers to take the risk, according to new analysis.
- 14:01An Australian environmental markets administrator on Thursday launched a new biodiversity market aimed at protecting and restoring landscapes in Queensland’s Wet Tropics region that are home to the cassowary.
- 13:38An Australian mining billionaire would like to see the fuel excise that benefits his company scrapped or at least redirected to force companies that enjoy its discounts to spend the same on green energy and decarbonisation development.
- 12:42A Tokyo-headquartered software company has launched a carbon accounting service that uses AI to help calculate clients' GHG emissions, it announced Wednesday.
- 11:03Milky credits - India needs to develop models to ensure dairy farmers receive direct benefits from carbon credits by reducing emissions in the sector, Union Home and Cooperation Minister Amit Shah said on Tuesday. Shah called for integrating carbon markets into rural economies, emphasising the role of cow dung management and biogas as viable pathways. He said cooperatives should take the lead in delivering emissions reductions through activities like waste utilisation, disease control, and decentralised energy systems. The National Dairy Development Board’s cow dung and biogas initiatives will be scaled up nationwide, he added, as part of a broader push to make India’s dairy sector sustainable.
- 11:01Onshoring emissions - Inpex, Nippon Steel, and Kanto Gas have entered a consignment contract with government body the Japan Organisation for Metals and Energy Security (JOGMEC) to study engineerind and design related to the potential capture of post-combustion emissions from a Nippon-owned steelworks in wider Tokyo, alongside emissions from other facilities, before piping the CO2 offshore to a saline aquifer off the east coast of the Boso Peninsula.
- 10:47Replacing Verra – Estonia-based climate tech startup Carbontribe Labs has received certification from verification body Earthood for its methodologies on afforestation, mangroves, and regenerative agriculture, making it the first company globally to achieve that for a fully digital environmental value asset generation framework, it said in a statement Wednesday. More than 90% of the credits generated using these methodologies, to be called “Verified Impact Assets”, will be automated by AI and can be used by companies to meet their Scope 3 emissions. The company said it has already conducted demonstration projects in Japan and overseas and aims to establish an “international standard for the post-Verra era”.
- 10:46Doing it right - Japanese developer Green Carbon has signed an MoU with Vietnam National University and Hanoi Business School to conduct research on improving rice quality through the introduction of alternate wetting and drying (AWD) methodology for rice cultivation. Other than the known effects of AWD such as GHG emissions reductions and yield improvement, the partnership will aim to scientifically clarify how AWD affects the quality of rice. To start with, the partners will target fields in Nghe An province, where Green Carbon has already introduced AWD. In the past year, the developer has signed agreement with 22 provinces in Vietnam for methane reduction projects from rice cultivation.
- 10:45Always a first – Japanese developer ByWill has signed an agreement with Toho Bank and Miharu Town in Fukushima prefecture for the creation and distribution of J-Credits, it announced Wednesday. The partners will start by generating credits through the introduction of LED and solar power generation equipment. ByWill aims to achieve carbon neutrality in all 47 prefectures of Japan, and this is the first time it signs an agreement with a local government in Fukushima Prefecture, it added.
- 10:39The Australia-Pacific bid to host COP31 next year is looking more and more likely to win out over rival Turkiye, according to observers, thanks to a stronger reputational standing and the chance to shift the annual UN summit out of the Northern Hemisphere for the first time in a decade, but Turkiye is not ceding ground just yet.
- 10:22Australia-based non-profit Accounting for Nature (AFN) announced on Wednesday the establishment of an independent committee to oversee its biodiversity credit scheme.
- 09:15Debate over the use of carbon credits has erupted in Australia once more, in the wake of EnergyAustralia's recent legal settlement with an NGO and the ensuing reaction by the industry and activists.
- The International Energy Agency (IEA) on Wednesday released an updated critical minerals report, saying there are potential supply crunches for the majority of minerals needed for a clean energy transition.
- 05:01Last year saw a record surge in global forest loss, with fires overtaking agriculture as the main driver of tropical primary forest destruction, being responsible for nearly 50% of the total loss, according to a study published Wednesday.
- 04:11Build at home - Australia has granted A$46 mln ($30.5 mln) to solar firm 5B to boost manufacturing at its Adelaide plant, the government said on Wednesday, marking the first funding under its A$1 bln Solar Sunshot scheme, part of the Future Made in Australia initiative. The funding includes A$26 mln in production credits and a A$20 mln capital grant to scale up deployment of 5B’s prefabricated Maverick solar units. The facility aims to produce enough panels to power 40,000 homes over three years. Meanwhile, experts and analysts cast doubt on the Labor government’s ability to meet even modest renewable energy targets after it won the elections earlier this month.
- 01:20Home batteries - Australia's Clean Energy Regulator (CER) said Wednesday it will administer the government's election promise to underwrite small-scale battery systems for households and small businesses. The CER noted implementation of the Cheaper Home Batteries Program would be administered under the existing Small-scale Renewable Energy Scheme. However, it noted implementation of the programme will require amendments to the Renewable Energy (Electricity) Regulations 2001.
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