Australian agriculture giant announces carbon partnerships with farmers

Published 10:28 on August 30, 2024  /  Last updated at 10:28 on August 30, 2024  / /  Asia Pacific, Australia, Voluntary

An Australian agriculture giant and real estate company has announced a carbon partnership this week that aims to assist local farmers develop projects.

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Think tank rates Singapore’s carbon tax as far off meeting Paris Agreement

Published 10:55 on August 29, 2024  /  Last updated at 10:55 on August 29, 2024  / /  Asia Pacific, International, Other APAC, Paris Article 6

Singapore’s compliance carbon market, one of the few in Southeast Asia, is considered “highly insufficient” for meeting its climate goals, a think tank said this week, adding it does not expect the country to align with the 1.5C warming target of the Paris Agreement.

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Plantation carbon developer charts course on ACCU projects, pays special dividend on back of success

Published 09:02 on August 29, 2024  /  Last updated at 02:01 on August 30, 2024  / /  Asia Pacific, Australia

An Australian wood chip processor and woodfibre exporter turned carbon developer outlined its market plans Thursday, suggesting strong rewards from a tightening compliance market and large upside to its particular Australian Carbon Credit Units (ACCUs).

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Australian miner says committed to ‘real zero’ by 2030, shuns offsets

Published 10:42 on August 28, 2024  /  Last updated at 10:42 on August 28, 2024  / /  Asia Pacific, Australia, Voluntary

Fortescue, one of Australia’s iron ore giants, used Wednesday’s full year financial results presentation to underline its plans to hit zero emissions for Scopes 1 and 2 by the end of this decade despite its diesel-heavy carbon footprint.

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Australia bets on SAF to decarbonise crucial aviation industry

Published 13:27 on August 27, 2024  /  Last updated at 13:27 on August 27, 2024  / /  Asia Pacific, Australia, Aviation/CORSIA, International

Australia plans to decarbonise its aviation industry in coming years, both domestically and internationally, but government support will be needed to drive the uptake of sustainable aviation fuel (SAF), according to a government white paper released on Monday.

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Japanese energy players sign agreement for negative carbon project with Indonesian counterpart

Published 11:08 on August 26, 2024  /  Last updated at 11:08 on August 26, 2024  / /  Asia Pacific, Japan, Other APAC, Voluntary

Two major Japanese companies and an Indonesian counterpart have agreed to a joint study on biomass energy carbon capture and storage (BECCS), hot on the heels of decarbonisation agreements signed between the governments of the two countries last week.

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Australia offers another A$200 mln to aid Great Barrier Reef

Published 11:15 on August 23, 2024  /  Last updated at 11:15 on August 23, 2024  / /  Asia Pacific, Australia, Biodiversity

The Australian government will spend an additional A$192 million ($129 mln) to improve and protect the Great Barrier Reef’s water quality in order to prevent bleaching events and aid recovery when they do occur.

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Carbon removal verifier issues credits to US corporations

Published 10:01 on August 22, 2024  /  Last updated at 10:19 on August 22, 2024  / /  Americas, International, Voluntary

A carbon dioxide removal (CDR) firm has issued a swathe of credits to a series of large US corporations in what it described as a turning point for carbon markets. 

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Australia’s Climate Active sees another departure

Published 09:52 on August 22, 2024  /  Last updated at 09:52 on August 22, 2024  / /  Asia Pacific, Australia, Voluntary

Another Australian company this week announced a decision to look more closely at changing the way it tackles net zero with a plan for only “limited” use of carbon credits and a plan to leave the government’s Climate Active programme.

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Australian oiler prices the cost of carbon for new gas project

Published 10:27 on August 21, 2024  /  Last updated at 10:27 on August 21, 2024  / /  Asia Pacific, Australia

The costs of one of Australia’s upcoming LNG developments are set to rise thanks to Safeguard Mechanism requirements, adding around 30% to the price per unit of gas.

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