Australia’s large miners push back against SBTi Scope 3 emissions cuts
A group of the largest miners working in Australia have “warmly welcomed” the Science-based Target initiative’s (SBTi) discussion paper on Scope 3 emissions, but said the idea of up to a 50% cut in Scope 3 emissions by next decade would not be possible.
Read MoreAustralia approves four more coal mine life extensions
Australia on Thursday approved life extensions for four more coal mines, to condemnation from environmental groups.
Read MoreJapanese shipping firm signs five-year offtake deal for credits from US DACCS project
A Japanese shipping firm has agreed a five-year deal to buy credits from a Direct Air Capture with Carbon Storage (DACCS) project in the US, using petroleum company ENEOS as a middle man.
Read MoreCoal demand growth slows, but no decline in carbon emissions in sight -IEA
Peak oil has been joined by a plateau in coal, according to the International Energy Agency’s (IEA) three-year outlook for the commodity, which saw a downturn during Covid-19 and a resurgence in use in the past two years, buoyed by high gas prices since the 2022 Russian invasion of Ukraine.
Read MoreVietnam makes major changes to planned ETS, analysts find
The latest draft regulations for Vietnam’s planned emissions trading scheme include a number of significant changes that will have a big impact on the market, according to analysts who have seen the unpublished document.
Read MoreStart date for Australian low-emissions smelter pushed back by a year
The start date for what is to be Australia’s largest electric smelter furnace to make clean iron has been pushed back by a year and will initially use natural gas for power rather than renewable energy as originally intended.
Read MoreID Market: Indonesian oil company signs agreement to sell geothermal carbon credits
Indonesia’s state-owned oil and gas company has signed a deal to sell a third tranche of carbon credits on the nation’s domestic carbon exchange, it announced Tuesday.
Read MorePNG governor proposes rainforest nation summit ahead of COP30
Rainforest nations should meet for a summit in Papua New Guinea ahead of next year’s COP30 in Brazil, set to be a crucial event for nature, according to a PNG governor.
Read MoreAustralian state offers A$3.2 mln cash for forest, soil carbon projects
The West Australian Labor government has awarded its third round of funding for carbon farming and land restoration, with A$3.2 million ($2.03 mln) cash going to eight projects that will invest in fauna conservation, soil carbon, and reforestation.
Read MoreAustralia’s peak land conservation body urges govt to ramp up nature spending
Australia must significantly increase its spending on and administration of nature, including putting more money into its planned biodiversity market and change its approach to generating carbon credits, according to the country’s peak conservation body.
Read More