Australia’s biggest bank puts emitters on notice: No transition plan, no money

Published 10:56 on August 14, 2024  /  Last updated at 10:56 on August 14, 2024  / /  Asia Pacific, Australia

A shareholder activist group known better for being the scourge of the oil and gas and high-emitting resources industry and those who fund their polluting work has welcomed new, tough transition plans from Australia’s leading bank.

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Japanese power company expands carbon credit deal with trading house

Published 06:41 on August 14, 2024  /  Last updated at 06:41 on August 14, 2024  / /  Asia Pacific, Australia, Japan, Nature-based, Voluntary

One of Japan’s largest power retailers and generators has signed a long-term offtake agreement with a Singapore-based trading house for Australian carbon credits.

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BRIEFING: Australia must move fast to capture A$250 bln green iron opportunity

Published 17:01 on August 13, 2024  /  Last updated at 17:12 on August 13, 2024  / /  Asia Pacific, Australia, Carbon Taxes, CBAM

Australia must move fast to create a green industry from its current vast iron ore exports so it can go beyond a simple ‘dig and ship’ model to value-add creations. In so doing, the country can decarbonise its own industry and take advantage of the growing appetite for clean commodities.

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Australian soil carbon outfit partners with developer led by former agriculture minister

Published 09:39 on August 13, 2024  /  Last updated at 09:39 on August 13, 2024  / /  Asia Pacific, Australia

Fresh from announcing a new company direction and switching out board members not aligned with its vision, an Australian carbon developer announced Tuesday a soil carbon-focused partnership that will generate Australian Carbon Credit Units (ACCUs) for third parties.

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Carbon ETF leaves Australian exchange after losses, lack of interest

Published 11:17 on August 12, 2024  /  Last updated at 11:17 on August 12, 2024  / /  Asia Pacific, Australia, International

A carbon exchange traded fund (ETF) on the Australian bourse will shut down operations next month, citing failure to reach the needed size to track the benchmark and meet its investment plans, not being cost effective to investors compared to other carbon ETFs, and limited secondary market trading volumes.

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Australia’s gas and coal exports taking vast share of remaining carbon budget -report

Published 00:01 on August 12, 2024  /  Last updated at 13:38 on August 9, 2024  / /  Asia Pacific, Australia

Australia’s contribution to global warming and its share of the world’s carbon budget is much higher than it appears and within just over a decade could amount to 77 billion tonnes of CO2e, a report from one of Australia’s leading climate scientists cautions.

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Indonesia to host second AZEC ministers’ meeting, flags fossil fuel heavy list of decarbonisation MoUs

Published 07:58 on August 9, 2024  /  Last updated at 07:58 on August 9, 2024  / /  Asia Pacific, Australia, International, Japan, Other APAC

Indonesia is hosting the second Asian Zero Emission Community (AZEC) ministerial meeting on Aug. 20-21 in current capital Jakarta, and on Friday released a list of around 20 out of a total 70 decarbonisation projects set to be announced at the event.

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Australian science body funds Vietnam carbon farming

Published 09:06 on August 8, 2024  /  Last updated at 09:06 on August 8, 2024  / /  Asia Pacific, Australia, Other APAC

Australia’s leading science body is funding carbon farming in Vietnam via an agricultural innovation programme.

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AU Market: ACCU issuance hits new yearly record even as July trade slumps

Published 13:20 on August 7, 2024  /  Last updated at 13:20 on August 7, 2024  / /  Asia Pacific, Australia

Issuance levels for new Australian Carbon Credit Units (ACCU) hit a new high in financial 2024, exceeding record volumes in 2023, even as trade in July hit a nine-month low, a carbon consultancy said this week.

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Japanese power giant joins Australian CCS hopeful, government hands out more permits

Published 11:15 on August 7, 2024  /  Last updated at 11:15 on August 7, 2024  / /  Asia Pacific, Australia, Japan

Carbon capture and storage work is ramping up in Australia as one project proponent handed two offshore permits last week on Wednesday announced another partnership with a Japanese giant, and the federal government handed out three new offshore permits.

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