Australian miner to invest $680 mln in power industry, data centres
An Australian miner of iron-ore said on Friday it would invest $680 million to expand green energy infrastructure in the resource-rich Pilbara region, as it seeks to supply rising demand for renewable power from heavy industry and data centres.
Read MorePACM method for crediting N2O abatement should include new plants to spur investment, stakeholders say
Stakeholders have urged the UN to allow for new nitric acid plants to generate carbon credits under a draft Article 6.4 methodology, as excluding greenfield facilities could undermine incentives to cut N2O emissions.
Read MoreIndia ETS seen posing financial risk to cement, aluminium sectors by 2027
Costs under India’s intensity-based emissions trading system (ETS) are likely to remain “manageable” in the first year of compliance, but could turn into a “material financial risk” for cement and aluminium producers if decarbonisation efforts lag, according to an analysis.
Read MoreANALYSIS: Indonesia carbon market reopening may yield slower-than-expected supply
Indonesia’s reopening of its forestry carbon market is unlikely to deliver an immediate surge in credit supply, with analysts saying that projects will still need to clear multiple hurdles before units can reach buyers.
Read MoreAmazon to buy 685k carbon credits from Indian rice farmers
US tech giant Amazon has agreed to buy 685,000 carbon credits from smallholder rice farmers in India, backing a large methane reduction programme led by a German multinational.
Read MoreMalaysia may delay carbon tax amid Middle East energy crunch
Malaysia will likely delay plans to introduce a carbon tax, as the government reassesses the timing amid the energy disruptions in Southeast Asia from the Middle East crisis, the natural resources minister said on Tuesday according to local media.
Read MoreAustralia Market Roundup: ACCU issuances jump in March on large project deliveries
Australia’s carbon market recorded a surge in issuances in March, driven by a handful of large industrial and vegetation projects.
Read MoreBRIEFING: Malaysia bets on Article 6 for conditional cuts in carbon market policy
Malaysia has launched its National Carbon Market Policy (DPKK), setting out a framework to develop a domestic market and tap international finance under the Paris Agreement to help deliver on conditional emissions reduction targets.
Read MoreVietnam, South Korea launch accelerator to fund climate-tech startups
Vietnam has launched a new initiative in partnership with South Korea to fund climate technology startups, as the country seeks to nurture a pipeline of investable low-carbon solutions.
Read MorePakistan province could generate millions in carbon credits from cattle, study finds
Cattle in Pakistan’s Punjab province could generate millions of dollars in climate finance by converting manure into biogas, fertiliser, and carbon credits, according to a government-backed feasibility study.
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