AU Market: ACCU price claws back after week of volatility

Published 07:35 on December 5, 2024  /  Last updated at 07:35 on December 5, 2024  / /  Asia Pacific, Australia

Australian Carbon Credit Unit (ACCU) prices recouped some of their recent losses Thursday after a bout of severe volatility earlier in the week that had seen units trade as low as A$37 ($23.82).

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New Zealand climate commission pushes net negative 2050 target

Published 05:47 on December 5, 2024  /  Last updated at 05:47 on December 5, 2024  / /  Asia Pacific, New Zealand

New Zealand’s Climate Change Commission (CCC) has called for more severe emissions reductions across all sectors in its updated advice to government published Thursday, while recommending shipping and aviation emissions to be included in a net negative 2050 target.

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Regional gas lobby releases legal recommendations on cross-border CCS projects

Published 05:30 on December 5, 2024  /  Last updated at 05:30 on December 5, 2024  / /  Asia Pacific, Australia, Japan, Other APAC, South Korea

An industry coalition of energy majors has released a set of recommendations for cross-border carbon capture and storage (CCS) projects in the Asia Pacific, in order to provide the necessary legal clarity in the absence of international regulations.

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CP Daily: Wednesday December 4, 2024

Published 03:33 on December 5, 2024  /  Last updated at 03:33 on December 5, 2024  /  Newsletters

A daily summary of our news plus bite-sized updates from around the world.

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Biochar-based potting mix startup raises $3.6 mln in seed round

Published 02:58 on December 5, 2024  /  Last updated at 02:58 on December 5, 2024  /  Americas, Nature-based, US, Voluntary

A New York-headquartered sustainable soil company offering biochar alternatives to peat-based potting mixes has announced the completion of a $3.6-mln seed funding round aimed at transforming the horticulture industry through carbon-negative solutions.

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ASEAN can unlock $3 trillion revenue from carbon markets, analysis finds

Published 02:00 on December 5, 2024  /  Last updated at 15:48 on December 4, 2024  / /  Asia Pacific, Carbon Taxes, Nature-based, Other APAC, Voluntary

The Association of Southeast Asian Nations (ASEAN) has the potential to unlock up to $3 trillion in revenue through the reduction or removal of 1.1 billion tonnes of CO2e per year by 2050 if member states develop regulations to support domestic carbon markets, a report released Thursday has found.

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INTERVIEW: White House guidance needed for regulators considering AI growth

Published 01:30 on December 5, 2024  /  Last updated at 01:30 on December 5, 2024  / /  Americas, US

Energy regulators need more guidance when considering the opportunities and challenges of artificial intelligence (AI) on grid reliability, a former chair of the US Federal Energy Regulatory Commission (FERC) told Carbon Pulse.

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CORSIA market liquidity hinges on Article 6 alignment by eligible carbon standards -report

Published 01:27 on December 5, 2024  /  Last updated at 01:27 on December 5, 2024  / /  Aviation/CORSIA, Climate Talks, International, Paris Article 6, Voluntary

New CORSIA-eligible carbon standards under the UN’s aviation offsetting scheme will likely enhance liquidity in this credit-strapped market – but only if emission units comply with Article 6 requirements, and if participating countries institute “correct and balanced” incentives and penalties, as per a report published Wednesday by an international project developer.

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Mining industry faces tough road to decarbonisation amid surging demand for critical minerals -report

Published 00:22 on December 5, 2024  /  Last updated at 00:22 on December 5, 2024  /  Americas, Asia Pacific, EMEA, International

The global mining industry faces a steep challenge in its efforts to decarbonise, with emissions reductions falling far short of targets needed to align with international climate goals, according to a new report.

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Stakeholders make final case for OCFP changes ahead of vote on approval 

Published 00:10 on December 5, 2024  /  Last updated at 00:10 on December 5, 2024  / and /  Americas, RINs & LCFS, US

The final draft of Oregon’s Clean Fuels Program (OCFP) requires numerous refinements to better support businesses and drive investments for low carbon initiatives, industry voices told the state’s Department of Environmental Quality (DEQ).

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