- Tue 22:38
Form facilitation - Verra on Monday launched a digital version of its Exemption Request Form on the Verra Project Hub. The form aims to streamline how project proponents, validation and verification bodies (VVBs), and authorised representatives submit requests for exemptions from programme rules, requirements, or procedures under guidelines introduced in Nov. 2024. Starting July 1, Verra will require all exemption requests to be submitted through the digital form and will no longer accept email submissions. The organisation said it plans to release a user guide in the coming weeks.
- Tue 21:21Experts have issued a stark warning about the proliferation of unsustainable "zombie" biochar companies, highlighting critical challenges facing the emerging carbon removals technology.
- Tue 17:47Biofuel expansion - Australian miner Rio Tinto is progressing its biofuel plans with new pongamia plantings in the Northern Territory and Queensland, with 8,000 planted in the former and a planned 750,000 trees in the latter, ABC reported. Midway is overseeing the plantings. Biofuel is one way the miner is planning to decarbonise operations, although diesel use in the Pilbara where the company mines iron ore runs into billions of litres. (ABC)
- Tue 16:47Large carbon removal (CDR) transactions are being made behind the scenes despite a more challenging narrative around corporate climate action, but capital must continue to flow into the sector to avoid a supply-side collapse over the next few years, an industry conference heard Tuesday.
- Tue 14:22The first credits from an activity transitioning to the Paris Agreement Crediting Mechanism (PACM) are expected to be issued towards the end of this year, a UNFCCC official said Tuesday.
- Tue 14:16Efforts to roll out carbon pricing in Central Asia risk being undercut by fossil fuel subsidies that make polluting energy sources artificially cheap and weaken climate policy signals, experts warned at a World Bank-hosted workshop in Almaty on Tuesday.
- Tue 13:48Additional marine protected areas (MPAs) totalling over 18 million square kilometres, an expanse greater than the size of Russia, are needed to protect 30% of the global ocean by 2030, according to a study released this week.
- Tue 13:04NbS platform – Climate data platform CDR.fyi has launched an alpha version of a new database to track nature-based (NbS) carbon removal deals, the platform’s co-founder Robert Hoglund said in a LinkedIn post Tuesday. The site, nbs.cdr.fyi, monitors over 59 mln tonnes of contracted forest carbon removals and a further 68.5 mln tonnes in announced commitments since 2021, with a combined value of around $2.4 bln. Microsoft tops the list of buyers.
- Tue 12:31A London-headquartered fintech company announced Tuesday it will commit £500,000 to support nature-based (NbS) and hybrid carbon removal (CDR) solutions in Latin America and the Asia-Pacific region.
- Tue 11:50A new dynamic scorecard was launched Tuesday to enable do-it-yourself carbon credit risk assessment.
- Tue 11:30A wide range of government agencies, corporations, NGOs, and academic institutions in South Korea on Tuesday launched the 30x30 Alliance, set up to help ensure the country meets its 2030 biodiversity targets, with initial focus set to be on creating and expanding other Effective area-based Conservation Measures (OECMs).
- Tue 10:52Not enough - Taiwanese semiconductor giant TSMC should scale up direct investments in renewables to meet its rising power demand, rather than depending on renewable energy certificates (RECs), Greenpeace has urged. Electricity demand from Taiwan's AI chipmaking sector surged by more than 350% between 2023 and 2024, according to a recent Greenpeace report. However, TSMC is lagging behind international peers like Google and Microsoft, which have been increasing their renewable production capacity, the non-profit said. TSMC’s worldwide renewable ratio only reached around 14% last year, company data showed.
- Tue 09:07Sworn in - Papua New Guinea's Climate Change Development Authority has sworn in its first 11-person board of directors, The National reported. The board will oversee the implementation of the country's carbon market framework, climate finance strategies, and its commitments under the Paris Agreement. It follows the government lifting the moratorium on new voluntary REDD+ projects in the country in April.
- Tue 08:58Tax your fuel - The World Bank has recommended introduction of a carbon tax in Azerbaijan as a first step in the nation’s carbon pricing strategy, Azernews reported. According to Yasemin Orucu, head of the World Bank’s office in Azerbaijan, introduction of a carbon tax on the carbon content of fuel types would be a good starting point for the country to adopt carbon pricing tools. A tax should be applied at the point where fuel enters the economy – either when it is imported or produced domestically, she said. As well, the tax could cover around 60% of the country’s total carbon emissions in its initial phase. In the later stages, Azerbaijan could expand the scope of a tax and transition to an ETS, she added.
- Tue 08:54Winds of change - The Australian government has offered a feasibility licence to Bunbury Offshore Wind Farm in Western Australia, it announced Tuesday. If progressed, the project would deliver 1.5 GW to customers. A feasibility licence gives the developer the opportunity to investigate their proposed project before applying for a commercial licence to begin construction. Additionally, the government shortlisted two WA projects for a preliminary feasibility licence. A committee made up of the companies, government, First Nations groups, local industry, and unions will be established to oversee projects and ensure local benefits. Offshore wind does not yet exist in Australia, with the government working with the emerging industry to reduce barriers for development, as part of its efforts to reduce emissions.
- Tue 08:33The most urgent reforms to address issues underlying the reporting of Australian coal mine methane emissions could also be adopted the quickest, according to one expert, however industry pushback is expected.
- Tue 08:23The Indian government is planning to update its shipping rules in order to align with the International Maritime Organisation’s (IMO) zero emissions regulations in an effort to decarbonise the industry, according to local media reports.
- Tue 08:04Singapore could become a regional hub for energy by importing and exporting renewable power, cutting its emissions by 13 million tonnes of CO2e a year in the process, a consultancy said Tuesday.
- Tue 08:00The CCS+ initiative has built a modular approach to CO2 accounting for carbon capture and storage projects, which backers hope will help standardise the voluntary market thanks to a free-to-use, open source methodology developed by Verra.
- Tue 07:49Following its latest meeting, the Article 6.4 Methodological Expert Panel (MEP) has begun more intense work on how crediting carbon removals will be carried out under the new UN mechanism.
- Tue 06:43One of Japan's major trading companies has agreed to source green ammonia from a Chinese supplier, it announced Tuesday.
- Tue 06:00More cookstove credits could qualify for the Core Carbon Principles (CCP) quality seal after the Integrity Council for the Voluntary Carbon Market (ICVCM) on Tuesday approved earlier versions of a Gold Standard methodology – but only under additional conditions.
- Tue 05:10Electrification - Inpex, Japan’s largest oil exploration and production company, on Tuesday announced a joint final investment decision to sanction the Sangachal Terminal Electrification (STEL) project. The STEL project, costing roughly $230 mln, is expected to reduce the Azerbaijan-based gas terminal’s GHG emissions by around 50%, according to a company statement. It will be developed and managed by BP, the operator of the terminal. Investors of the Sangachal facility include MOL, ExxonMobil, Itochu, and TotalEnergies.
- Tue 03:23Uncool - Australia is bringing in new rules to reduce emissions from air conditioners from next month via changing import rules on parts and equipment with small multi head split systems using hydrofluorocarbons with what the government calls high global warming potential (GWP). Manufacturing them locally will also be illegal. Air conditioning equipment and equipment designed to use refrigerants over 750 GWP is banned, it said. International Energy Agency (IEA) reports frequently put air conditioning and rising demand for cooling as one of the biggest drivers of energy demand, and emissions.
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