Coal demand growth slows, but no decline in carbon emissions in sight -IEA
Peak oil has been joined by a plateau in coal, according to the International Energy Agency’s (IEA) three-year outlook for the commodity, which saw a downturn during Covid-19 and a resurgence in use in the past two years, buoyed by high gas prices since the 2022 Russian invasion of Ukraine.
Read MoreVietnam makes major changes to planned ETS, analysts find
The latest draft regulations for Vietnam’s planned emissions trading scheme include a number of significant changes that will have a big impact on the market, according to analysts who have seen the unpublished document.
Read MoreStart date for Australian low-emissions smelter pushed back by a year
The start date for what is to be Australia’s largest electric smelter furnace to make clean iron has been pushed back by a year and will initially use natural gas for power rather than renewable energy as originally intended.
Read MoreID Market: Indonesian oil company signs agreement to sell geothermal carbon credits
Indonesia’s state-owned oil and gas company has signed a deal to sell a third tranche of carbon credits on the nation’s domestic carbon exchange, it announced Tuesday.
Read MorePNG governor proposes rainforest nation summit ahead of COP30
Rainforest nations should meet for a summit in Papua New Guinea ahead of next year’s COP30 in Brazil, set to be a crucial event for nature, according to a PNG governor.
Read MoreAustralian state offers A$3.2 mln cash for forest, soil carbon projects
The West Australian Labor government has awarded its third round of funding for carbon farming and land restoration, with A$3.2 million ($2.03 mln) cash going to eight projects that will invest in fauna conservation, soil carbon, and reforestation.
Read MoreAustralia’s peak land conservation body urges govt to ramp up nature spending
Australia must significantly increase its spending on and administration of nature, including putting more money into its planned biodiversity market and change its approach to generating carbon credits, according to the country’s peak conservation body.
Read MoreJapanese developer plans credits from Thai rubber
A Japanese project developer has signed a Memorandum of Understanding (MoU) with Thailand’s Rubber Authority on developing carbon credits from biochar, which it hopes will help the world’s rubber industry decarbonise.
Read MoreCoal mine SMCs could put brake on ACCU price, but few will make it onto the secondary market, report says
Supply of Safeguard Mechanism Credits (SMCs) from coal mines might prove an obstacle for the expected price hike in Australia’s main carbon units, analysts said Thursday.
Read MoreLife extension for Australian plant paves way for “carbon bomb” gas field
Australia’s largest oil and gas company has been granted approval by state government to extend the life of one of its gas plants by 50 years, paving the way for the development of a vast gas field described by activists as a “carbon bomb”.
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