NZ looking at potential NZ$6.6 bln spend to meet NDCs by 2035, says govt
New Zealand could face a bill of up to NZ$6.6 billion ($3.8 bln) to meet its Paris Agreement targets out to 2035, government modelling released Thursday showed.
Read MoreBRIEFING: NZ govt proposal to limit climate torts another breach of trade agreements, say experts
The New Zealand government’s legislative efforts to restrict climate-related tort claims is a breach of trade agreements with the UK and EU, experts told Carbon Pulse.Â
Read MoreDATA DIVE: NZ ETS forest applications stagnate
The number of applications for new forests to enter the New Zealand Emissions Trading Scheme (ETS) has continued to plateau, with the latest data showing just nine applications were received in May.
Read MoreNew Zealand climate commission consults on emissions advice update following methane target weakening
New Zealand’s Climate Change Commission (CCC) is seeking feedback on how to update its advice on the country’s fourth emissions budget, covering 2036-40, following last year’s lowering of the biogenic methane target, it said on Wednesday.
Read MoreVariations identified in first wave of Australia’s climate disclosure reports
There is a big variation in how Australian corporates are interpreting and applying climate disclosure requirements, analysis of the first reports found.
Read MoreBRIEFING: UN adopting ICJ opinion boost for Paris Agreement, international climate treaties
Last week’s UN General Assembly vote to adopt a resolution endorsing the International Court of Justice’s (ICJ) advisory opinion on states obligations on climate change is a boost for multilateralism and international climate frameworks, including the Paris Agreement, experts told Carbon Pulse.
Read MoreFEATURE: Mounting pressure on net zero goals may force more flexible approach to target-setting, even as corporate interest surges
An emerging risk that many corporate net zero goals will not be met could push through greater pragmatism when outlining targets, as well as a more flexible approach across standard-setters, according to experts, even as the number of companies announcing science-aligned climate ambitions continues to grow.
Read MoreAustralia registers second nature project, twinned with carbon
The second project under Australia’s Nature Repair Market (NRM) has been registered, combined with a carbon credit project.
Read MoreNZ ETS-covered industrial eyes restart
One of New Zealand’s industrial emitters is set to resume operations, it announced on Wednesday, following an early stage agreement to power the site with renewable energy.
Read MoreAustralian carbon developer offers stake in business
One of Australia’s largest project developers is seeking buyers for an at-least 50% stake in the business, according to media reports.
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