Gas development will drive emissions rise in Australia’s Top End under all scenarios, says govt report
A government report, obtained by a reporter from Australia’s national broadcaster, found the Northern Territory government believes the gas industry will drive up its emissions by 100% even under a conservative scenario.
Read MoreAustralia’s biggest bank puts emitters on notice: No transition plan, no money
A shareholder activist group known better for being the scourge of the oil and gas and high-emitting resources industry and those who fund their polluting work has welcomed new, tough transition plans from Australia’s leading bank.
Read MoreJapanese power company expands carbon credit deal with trading house
One of Japan’s largest power retailers and generators has signed a long-term offtake agreement with a Singapore-based trading house for Australian carbon credits.
Read MoreBRIEFING: Australia must move fast to capture A$250 bln green iron opportunity
Australia must move fast to create a green industry from its current vast iron ore exports so it can go beyond a simple ‘dig and ship’ model to value-add creations. In so doing, the country can decarbonise its own industry and take advantage of the growing appetite for clean commodities.
Read MoreAustralian soil carbon outfit partners with developer led by former agriculture minister
Fresh from announcing a new company direction and switching out board members not aligned with its vision, an Australian carbon developer announced Tuesday a soil carbon-focused partnership that will generate Australian Carbon Credit Units (ACCUs) for third parties.
Read MoreCarbon ETF leaves Australian exchange after losses, lack of interest
A carbon exchange traded fund (ETF) on the Australian bourse will shut down operations next month, citing failure to reach the needed size to track the benchmark and meet its investment plans, not being cost effective to investors compared to other carbon ETFs, and limited secondary market trading volumes.
Read MoreAustralia’s gas and coal exports taking vast share of remaining carbon budget -report
Australia’s contribution to global warming and its share of the world’s carbon budget is much higher than it appears and within just over a decade could amount to 77 billion tonnes of CO2e, a report from one of Australia’s leading climate scientists cautions.
Read MoreIndonesia to host second AZEC ministers’ meeting, flags fossil fuel heavy list of decarbonisation MoUs
Indonesia is hosting the second Asian Zero Emission Community (AZEC) ministerial meeting on Aug. 20-21 in current capital Jakarta, and on Friday released a list of around 20 out of a total 70 decarbonisation projects set to be announced at the event.
Read MoreAustralian science body funds Vietnam carbon farming
Australia’s leading science body is funding carbon farming in Vietnam via an agricultural innovation programme.
Read MoreAU Market: ACCU issuance hits new yearly record even as July trade slumps
Issuance levels for new Australian Carbon Credit Units (ACCU) hit a new high in financial 2024, exceeding record volumes in 2023, even as trade in July hit a nine-month low, a carbon consultancy said this week.
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