Climate change takes backseat role as G7 finance ministers have focus elsewhere
G7 finance ministers and central banks met in Italy over the weekend, but with focus on issues like artificial intelligence and Ukraine there was little room for earnest talks on climate issues.
Read MoreCCS project vetoed in Australia over water pollution concerns
A Glencore pilot carbon capture and storage project was knocked back by the Queensland state government Friday over what it said were serious environmental concerns, shutting the door to any further CCS projects in the area.
Read MoreAustralian states’ work on carbon markets informs Commonwealth innovation, conference hears
Australia’s states can work with the federal government to scale up the nation’s carbon market, a conference heard this week, although an industry roadmap would help guide its development.
Read MoreAustralian conference holds record buy side, emitter attendee numbers
Carbon credit buyers have been few and far between at conferences in recent years, but the Carbon Farming Industry Forum in Cairns this week hosted a record number, and percentage, of attendees on the buy side, demonstrating confidence in the Australian market, attendees told Carbon Pulse.
Read MoreAustralian Nature Repair Market to launch in January with first method, official says
Australia will release the first Nature Repair Market methodology in January, a government official said Wednesday, officially kicking off the world’s first government-regulated voluntary biodiversity credit market.
Read MoreConsent and engagement must be ongoing, First Nations people say of carbon projects
Traditional Owner consent for a carbon project in Australia shouldn’t be a one-time event but an ongoing process where consent is asked for and given “again and again”, a conference in Cairns heard Tuesday.
Read MoreAustralian jurisdictions improving on carbon markets, but work still needed, report says
Queensland maintains Australia’s best regulatory framework for carbon markets and project developers and the Northern Territory the worst, although all jurisdictions have room for improvement, according to an annual survey released Tuesday.
Read MoreJapan passes CCS bill but storage capacity small compared to overseas opportunities, report says
Japan has passed its carbon capture and storage (CCS), but the amounts planned by the nation for domestic storage are dwarfed by its larger emissions profile and lack of proper geological storage space, while a report Monday outlined benefits of a large-scale CCS industry in Australia potentially taking a far greater portion.
Read MoreBiochar company raises $5 mln in funding for Southeast Asia operations
A Southeast Asia-focussed biochar company has received $5 million in funding via investment from Mekong Enterprise Fund IV.
Read MoreFEATURE: Seismic studies the new frontier for CCS earnings
Seismic companies are increasingly collaborating, investing, and lining up for carbon capture and storage (CCS) work, thanks to increasing interest from countries globally looking to the technology as a way to foster CO2 trading and markets, as well as meeting emissions reductions targets.
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