ACCU, NZU futures trade subdued on bourse debut
The first day of trade for Australian and New Zealand futures contracts on the ASX closed quietly with 1,000 units traded, but prices not given.
Read MoreIndonesian coal mine emissions vastly underreported, report says
Indonesian coal mine emissions are being underreported, with fewer than half of its major miners reporting the methane emissions that occur as part of the mining process, according to a report released Monday.
Read MoreIndonesia plans to stage carbon tax in two phases, webinar hears
Indonesia plans a two-stage carbon tax even as its domestic carbon credit market remains illiquid and sparsely traded, a webinar heard this week according to local media.
Read MoreAustralian soil carbon developer announces pivot as it girds for board fight at AGM
An Australian soil carbon developer has finalised the date of its annual general meeting where it will ask shareholders to vote on removal of a director a day after it outlined a strategy to partner on soil carbon rather than go solo, and gave a firm date for the startup of its Philippines operations.
Read MoreAustralia spends on new tech to reduce ‘hard-to-abate’ emissions, cement the winner
Australia on Tuesday announced A$65 million ($43 mln) in new spending on seven projects to support smaller, more nascent carbon capture, storage, and utilisation projects across the nation, with a focus on technologies to reduce emissions from the cement manufacturing process.
Read MoreStudy finds close balancing act for carbon storage in world’s forests
The world’s forests have been finely balancing carbon sequestration for the past three decades as the ability of some forests to store the greenhouse gas has dropped while others expanded, a global study of 30 years of data to 2019 found.
Read MoreMiners want coal to make steel, money men think otherwise -report
Investors believe steel can be made cleanly and are willing to spend on it, whilst also being increasingly sceptical about the long-term financial viability of the metallurgical coal used to make the vast majority of steel, an Australian activist investor group said Friday in a report based on a survey of 500 respondents from 34 nations with cumulative billions of dollars under management.
Read MoreAustralia’s Fortescue abandons hydrogen target, pivots to clean electricity
One of Australia’s most ambitious hydrogen developers has all but abandoned its plans for the green fuel, it said Wednesday, which the firm had once suggested could rival the scale of Saudi Aramco’s oil output.
Read MoreAustralia eyes 2025 start for Guarantee of Origin scheme
Australia is seeking to put legislation in place in time for a late 2025 start for its Guarantee of Origin (GO) scheme, the government said Tuesday.
Read MoreFossil fuel funding falling from Australian banks, but not fast enough -report
Australia’s banks are still funding fossil fuel projects and their developers at a rate inconsistent with Paris climate targets and their own net zero timelines, a report released Tuesday by activist shareholder group Market Forces said.
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