Australian regulator publishes Safeguard facilities’ emissions intensity data

Published 10:33 on October 25, 2024  /  Last updated at 10:33 on October 25, 2024  / /  Asia Pacific, Australia

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. 

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Verra releases first methodology for CCS, DACCS

Published 13:00 on October 24, 2024  /  Last updated at 11:45 on October 24, 2024  / and /  Americas, Asia Pacific, Voluntary

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.

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Australia’s sovereign wealth fund must do better to push fossil fuel companies to transition 

Published 10:53 on October 24, 2024  /  Last updated at 10:54 on October 24, 2024  / /  Asia Pacific, Australia

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. 

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Credit use flat in meeting emissions reductions, Australian regulator finds

Published 11:33 on October 23, 2024  /  Last updated at 11:56 on October 23, 2024  / /  Asia Pacific, Australia, Voluntary

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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Southeast Asian power demand, emissions set to rapidly rise, IEA says

Published 14:32 on October 22, 2024  /  Last updated at 14:32 on October 22, 2024  / /  Asia Pacific, International

Southeast Asia is one of the world’s most power hungry regions, with sectoral demand and emissions set to rise faster than in the past without significant decarbonisation and clean energy expansion, a new report from the International Energy Agency (IEA) said Tuesday.

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APAC carbon credit supplier calling for premium to ACCUs in upcoming offer round

Published 11:54 on October 22, 2024  /  Last updated at 11:54 on October 22, 2024  / /  Asia Pacific, Australia, Nature-based, Other APAC, Voluntary

An Asia Pacific carbon credit supplier is offering credits for bidding at a significant near-50% premium over generic Australian Carbon Credit Units (ACCUs).

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Coal mine emissions reporting change will squeeze ACCU market, report says

Published 11:03 on October 22, 2024  /  Last updated at 11:03 on October 22, 2024  / /  Asia Pacific, Australia

Changes to the Safeguard Mechanism reporting methods in Australia will hit the nation’s coal mines and their new methane emissions calculations, which is likely to eventually drive up the price of Australian Carbon Credit Units (ACCUs), according to analysis published Tuesday.

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Indonesia’s new president stresses need for energy security, domestic biofuels

Published 13:36 on October 21, 2024  /  Last updated at 13:36 on October 21, 2024  / /  Asia Pacific, Other APAC

Indonesia will work to enhance its food and energy security with a place for coal in the energy mix, incoming President Prabowo Subianto said in his inauguration speech Sunday, after winning the election in February.

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Seaweed company plans for J-Blue credit issuance by next year

Published 11:48 on October 21, 2024  /  Last updated at 11:50 on October 21, 2024  / /  Asia Pacific, Japan, Nature-based, Voluntary

A Japanese blue carbon hopeful has set its sights on Dec. 2025 as the date by which it expects to gain J Blue credit certification for its seaweed farming project, though has made no mention of the numbers of credits it plans to generate.

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Japanese gas partners sign on for CCS study

Published 09:02 on October 21, 2024  /  Last updated at 09:02 on October 21, 2024  / /  Asia Pacific, Australia, Japan

Japan’s largest LNG developer has partnered with a local power company for a joint study on capturing post-combustion CO2 in Japan for transport to Australia for permanent sequestration.

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