Methane emissions continue to grow, threatening pledges and Paris commitments, report finds

Published 12:11 on September 10, 2024  /  Last updated at 12:11 on September 10, 2024  / /  Americas, Asia Pacific, EMEA, International

Methane emissions have risen 20% in the past two decades, a global report released this week has found, and threatens the goals of the Global Methane Pledge, which aims to reduce methane emissions by 30% by 2030 over 2020 levels.

Read More

Australian carbon farming outfit expands offerings

Published 09:02 on September 10, 2024  /  Last updated at 09:02 on September 10, 2024  / /  Asia Pacific, Australia

An Australian carbon farming group has launched a new offering to help landholders measure their carbon footprint and generate carbon credits.

Read More

Committee recommends Australia’s Nature Positive Bill go ahead, with caveats

Published 14:59 on September 9, 2024  /  Last updated at 00:11 on September 10, 2024  / /  Asia Pacific, Australia, Biodiversity

An Australian Senate committee has recommended the Nature Positive Bill 2024 be passed by the Senate, the nation’s upper house of parliament, subject to several recommendations it has made.

Read More

Methane leaks from coal mines need more regulation -report

Published 10:51 on September 9, 2024  /  Last updated at 10:51 on September 9, 2024  / /  Asia Pacific, Australia

Methane leaks from Queensland’s many coal mines are not being adequately addressed by the government or Australia’s beefed up Safeguard Mechanism, driving emissions up that should be falling, according to a report from an environmental law firm.

Read More

Australian Senate committee recommends passage of Future Made in Australia Bill, despite design concerns

Published 11:00 on September 6, 2024  /  Last updated at 11:00 on September 6, 2024  / /  Asia Pacific, Australia

An Australian Senate cross-party committee has recommended the Future Made in Australia (FMIA) Bill be passed, which would unlock close to A$23 billion ($15 bln) over 10 years to support clean energy and critical minerals development.

Read More

Carbon removals are expensive but essential, finds report

Published 12:51 on September 5, 2024  /  Last updated at 12:51 on September 5, 2024  / /  Americas, Asia Pacific, EMEA, International, Voluntary

Corporate financing of carbon removals will be crucial to keeping aligned with Paris Agreement commitments but they are not being deployed at the speed and scale necessary, a working paper from a UK university has argued.

Read More

Australia’s states need more work to meet emission and renewables targets -report

Published 12:08 on September 4, 2024  /  Last updated at 12:08 on September 4, 2024  / /  Asia Pacific, Australia

Australia’s switch to renewable energy and away from its legacy coal power has been gaining ground but more needs to be done, a report released Wednesday argued.

Read More

ID Market: Trade drops after July spike

Published 09:01 on September 4, 2024  /  Last updated at 09:01 on September 4, 2024  / /  Asia Pacific, Other APAC

Trade on Indonesia’s carbon exchange dropped in August over July with only 176 tonnes of CO2e traded compared to the prior month’s 4,801.

Read More

Work on Vietnam’s first flue gas CCS project announced

Published 09:01 on September 4, 2024  /  Last updated at 09:01 on September 4, 2024  / /  Asia Pacific, Other APAC

An engineering company is looking to develop Vietnam’s first carbon capture storage and utilisation (CCUS) project for the country’s coal-fired power plants.

Read More

Oil and gas basins with clean energy opportunities could be new frontiers, consultancy suggests

Published 14:51 on September 2, 2024  /  Last updated at 14:51 on September 2, 2024  / /  Asia Pacific, International

Oil and gas provinces that integrate low-carbon energy into extraction for lower overall carbon intensity could be classed as ‘premium’, according to an energy consultancy.

Read More