Manufacturing, supply chains crucial to net zero, IEA report says
Achieving the goals of the Paris Agreement, and meeting the commitment made at COP28 last year to triple renewable energy capacity by 2030, needs commitments from governments, money from the private sector, but more than anything manufacturing and supply chains to develop further, the International Energy Agency (IEA) said in a report on Wednesday.
Read MoreBRIEFING: Vietnam looks at Korea, EU examples for international carbon offsets
Vietnam is finalising the details of a decree outlining how emitters will be allowed to meet 10% of their greenhouse gas reduction obligation with foreign offsets and is looking to South Korea and the EU as examples, officials said Tuesday.
Read MoreAustralia’s clean finance arm details first spend on forest project, plans to earn ACCUs
Australia’s Clean Energy Financing Corporation (CEFC) has for the first time invested A$75 million ($49.2 mln) in the forestry sector, according to the group’s annual report published this week, which details tens of billions of dollars of clean investments.
Read MoreAustralian tech company launches carbon credit platform at Melbourne conference
A new platform to add transparency to carbon credit purchases in Australia was launched Tuesday at the Climate Market Institute’s (CMI) Australasian Emissions Reduction Summit in Melbourne.
Read MoreConservatives come to power in Australia’s Queensland, promising to keep coal power plants open
Australia’s Queensland has elected its first Liberal-National government in almost a decade after state elections on Saturday, promising to repeal the state’s renewable energy target of 80% by 2035 and to keep coal-fired plants open.
Read MoreSingapore company launches carbon neutral LNG product
Singapore’s H2G Green Limited launched two LNG projects aiming to decarbonise the emissions-heavy commodity.
Read MoreAustralian regulator publishes Safeguard facilities’ emissions intensity data
The Clean Energy Regulator (CER) has published new emissions intensity data (EID) for facilities covered under the reformed Safeguard Mechanism in the lead up to the next compliance deadline in March, a move which experts said would help provide a guide on how many below baseline credits facilities are likely to generate.
Read MoreVerra releases first methodology for CCS, DACCS
Verra, the voluntary carbon standard-setter and verifier, has released a set of modules for carbon capture and storage (CCS) – the first in its Verified Carbon Standard (VCS) as part of methodology VM0049 – with a view to better proving direct air capture (DAC) projects with carbon storage.
Read MoreAustralia’s sovereign wealth fund must do better to push fossil fuel companies to transition
An activist shareholder group said Thursday Australia’s sovereign wealth fund has over A$1 billion ($660 million) invested in three of the nation’s most polluting companies, two oil and gas and one coal.
Read MoreCredit use flat in meeting emissions reductions, Australian regulator finds
The latest report on emissions reduction by Australia’s Clean Energy Regulator (CER) found gross emissions are falling faster than net emissions and renewable energy generation is increasing, but the use of carbon credits is ‘flat’, balanced out by greater use of international credits and less of Australian Carbon Credit Units (ACCUs), which is “trending downwards”.
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