Thai bank completes first carbon credit forward contract
A bank has completed what it claims is Thailand’s first-ever carbon credit forward transaction in a deal that referenced Verra-certified units, it announced Monday.
Read MoreAustralian startup launches $10-mln plant to test hydrogen storage tech
An Australian startup on Monday launched a A$16-million ($10 mln) pilot plant in Western Australia to test its liquid hydrogen storage technology, which it said could slash costs and simplify transport of the clean fuel.
Read MoreSouth Korean construction firm to work on floating CCS project
A South Korean construction company has begun a 42-month research project to develop a floating concrete carbon capture and storage (CCS) system, aiming to cut emissions from depleted offshore oil and gas fields in Southeast Asia.
Read MoreConsultancy sees CORSIA offset demand hitting 79 MtCO2e in 2027
Airlines will need to offset roughly 79 MtCO2e in 2027 under the next phase of CORSIA, but a shortage of eligible credits could drive a surge in prices, according to an aviation consultancy.
Read MoreNepal targets $75 mln from forest-based carbon projects by 2028
Nepal expects to secure more than NPR 10 billion ($75 million) by 2028 from forest-based carbon storage projects, its environment minister said Wednesday, adding that the country is in the final stages of a carbon trading regulation.
Read MorePNG cookstove project first to earn credits under Verra’s new CCP-stamped methodology
An Australian carbon project developer on Wednesday said it has been issued the first set of carbon credits under Verra’s new high-integrity cookstoves methodology from its project in Papua New Guinea.
Read MoreIndonesia to include forestry in carbon market, seeks up to $90 mln GCF funding
Indonesia will bring its forestry sector into the country’s voluntary carbon market and is seeking up to $90 million from the Green Climate Fund (GCF) to curb deforestation, according to a government minister.
Read MoreDenmark’s Danske Bank slashes fossil fuel investments under new climate policy
Danske Bank, Denmark’s biggest lender, on Tuesday said it has cut the number of fossil fuel-related companies it can invest in by more than 85% to around 270 from roughly 2,000 last year, after tightening its policy to favour firms with credible low-carbon transition plans.
Read MoreAustralia must rapidly scale up CDR to hit net zero, science agency says
Australia will need to ramp up both land-based CO2 sequestration and engineered carbon removal technologies from the next decade to offset hard-to-abate emissions and meet its net zero target, a study published in journal Nature this week said.
Read MoreAustralia’s savanna fire management methods risk flooding market with ACCUs, analysts say
Upcoming methods for managing fires in Australia’s savannas could trigger a surge in the supply of carbon credits, potentially depressing prices and creating long-term market risks, analysts said Tuesday.
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