Borneo states claim carbon - Sabah NGO Borneo’s Plight in Malaysia Foundation has urged Sabah and Sarawak to retain full ownership of revenue from carbon resources, rejecting revenue‑sharing models, the Borneo Post reported. NGO Chairman Daniel John Jambun said that the land and nat­ural resources belong to the respect­ive state gov­ern­ments and rev­enue gen­er­ated from car­bon resources should accrue to the states. He added that the proposal marked an important recognition of the forests’ global environmental value.

Research development – New Zealand is allocating an additional NZ$40.7 mln ($23 mln) to help university researchers commercialise their output, the Beehive announced Tuesday. Universities will be required to co-invest in research supported by the enhanced Commercialisation Partner Network programme. The cash boost will help things such as low-emissions agtech solutions get to market sooner. It comes a few weeks after the government launched an accelerator to scale agricultural emissions reductions.  Agriculture accounts for around half of New Zealand’s GHG emissions profile, and the country has a target to cut its biogenic methane emissions by 10% by 2030 – which it said in January would be missed – and a new target of 14-24% by 2050, compared with 2017 levels.

Leadership shuffle – Engie's Southeast Asia arm is undergoing a leadership transition, as Varun Gujral concludes his tenure after 14 years as both country manager and CEO of the French energy major’s supply & energy management business in the region, the company announced Tuesday. Jacques Boonen will assume the role of country manager, while Jules Dufournier will become managing director of the supply & energy management business, effective July 1. Engie has more than 2,000 employees across Singapore, Malaysia, and the Philippines.

Analysis of 14 Pacific Island Nationally Determined Contributions (NDCs) found that a lag in climate finance flows to the region threatens their implementation.

Singapore and Indonesia are closing in on finalising an implementation agreement under Article 6 of the Paris Agreement, local media reported Tuesday.

An Australian venture capital fund announced Tuesday it had successfully raised A$28 mln ($19.2 mln) on behalf of an aerospace company looking to scale its drag-reducing adhesive film that improves flight efficiency.

Pay up – The council for the Tasmanian capital of Hobart has passed a motion calling for the national government to create a National Climate Compensation Fund, which would apply a levy on major fossil fuel companies. Specifically, the motion – passed at the council’s meeting on Monday – calls on the city’s Lord Mayor to write to the government to ask for the fund to be established as well as for a federal inquiry into the adequacy of the country’s 2025 National Adaptation Plan. (Climate Media Centre)