Australian miner to build ‘city-scale’ green grid to eliminate fossil fuels by 2028
An Australian miner of iron-ore is fast-tracking what it called a city-scale renewable energy grid to run its iron ore operations without fossil fuels, targeting full elimination of diesel and other fuels by 2028.
Read MoreMalaysian oil firm joins Shell’s carbon offsetting initiative
A Malaysian oil and gas company has joined a carbon offsetting programme run by Shell to balance emissions linked to its fuel operations, it said this week.
Read MoreMalaysian state moves to align carbon policies at federal level, sets up joint committee
Malaysia’s federal government and the state of Sarawak have agreed to form a special joint committee to coordinate carbon policy implementation, in a move to better align regulations and pricing.
Read MoreShipping and oil majors pilot new model to monetise low-carbon shipping fuel
A shipping giant on Thursday announced a partnership with an oil and gas major to pilot a book-and-claim system that allows emissions reductions from low-carbon marine fuel to be converted into tradable certificates for cargo owners.
Read MoreAustralian voluntary carbon credit cancellations jump nine-fold in March
Voluntary cancellations of Kyoto-era carbon credits in Australia surged in March, driven by a handful of large transactions and continued reliance on Certified Emission Reductions (CER), registry data showed.
Read MoreFEATURE: In EU CBAM accounting debate over carbon prices paid abroad, taxes that allow offsets pose a special problem
As EU policymakers decide what counts under the CBAM as an effective carbon price paid abroad, a special case – jurisdictions that allow carbon taxes to be offset with voluntary carbon credits – raises questions about which carbon prices follow in the spirit of the regulation.
Read MoreFormula E racing team to plant mangroves in India’s Sundarbans
A Formula E team on Tuesday said it will plant more than 500,000 mangroves in India’s Sundarbans over five years, as part of a corporate social responsibility initiative.
Read MoreAerospace company to buy 40k soil carbon removals from US developer
A US-based aerospace company has agreed to purchase at least 40,000 soil-based carbon removal (CDR) credits from a Texas-based developer under a multi-year offtake deal, the companies announced last week.
Read MoreIndonesia flagship forest carbon project shifts to local control amid regulatory tightening
A flagship forest carbon project in Indonesia is shifting ownership into local hands from its Hong Kong-based developer, as regulatory pressure reshapes control over voluntary market assets in the country.
Read MoreBRIEFING: Vietnam issues rules for Article 6 carbon trading, caps exports
Vietnam this week issued a decree setting out detailed rules for carbon trading under Article 6 of the Paris Agreement, setting caps on exports and clarifying government oversight.
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