Australian oiler prices the cost of carbon for new gas project
The costs of one of Australia’s upcoming LNG developments are set to rise thanks to Safeguard Mechanism requirements, adding around 30% to the price per unit of gas.
Read MoreClean cement outfit raises $85 mln in Series C round
A US-headquartered low-carbon cement developer with some 100 patents to its name and plans to grow to global scale has raised $85 million in Series C funding from a conglomerate of clean energy financiers.
Read MoreUpdated NDCs could see Australia’s big emitters reach net zero early, says consultancy
Australia’s heavy emitters could reach net zero before 2050, a date adopted by the country as well as many large companies, should baseline emissions reductions covered under the Safeguard Mechanism bump up.
Read MoreSupport CCS like hydrogen to develop sector, commerce chamber tells Australian govt
The chamber of commerce in Australia’s largest gas-exporting state has argued the current Labor federal government is not doing enough to support carbon capture and storage (CCS) and should provide the same support it gives to green hydrogen development if the country is serious about meeting its climate goals.
Read MoreAustralia on course to miss emissions targets, say analysts
All unabated coal- and gas-power must be removed and coupled with a large increase in renewables, alongside a spend in the trillions of dollars, for Australia to meet its obligations under the Paris Agreement, a report released Monday found.
Read MoreCBAM to hit Vietnam’s steel exports, researchers find
Southeast Asia’s top steelmaker is likely to be hit by Europe’s carbon border taxes but not necessarily enough to force it to make a low-carbon change, a paper said this week.
Read MoreIndonesian president-to-be reaffirms carbon administration
Indonesia’s incoming president Prabowo Subianto’s office has reconfirmed a plan for a Climate Change Control and Carbon Administration which will use blockchain to manage its carbon markets in addition to pursuing a net zero target set by the previous administration.
Read MoreNew Zealand verifier wins backing for forestry certification standard
A New Zealand-based verifier on Thursday announced its verification standard for long-term forestry CO2 capture and storage had been validated by a global certification firm, the first time such a standard will be made available for the voluntary carbon market, it said.
Read MoreAustralian carbon watchdog puts HIR under spotlight
Australia’s Clean Energy Regulator (CER), which oversees Australia’s carbon market, has made the process around gateway checks for human-induced regeneration projects a key priority for the ACCU Scheme over the next year.
Read MoreSingapore, Philippines sign MoU on carbon credits
Singapore and the Philippines are due to sign a Memorandum of Understanding on carbon credits Thursday night, reinforcing their Article 6.2 collaboration.
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