BRIEFING: âGrave issuesâ with NZ govt bill to ban climate torts, submissions say
Submissions on the New Zealand governmentâs proposed Climate Change Response Act (CCRA) amendments to ban climate torts have flagged issues with both the content and the process, with one legal expert decrying the âimplausibleâ scenario of bankruptcy put forward by a corporation in its support for the bill.
Read MoreNo single solution to NZ livestock methane emissions -study
An array of interventions is needed to reduce biogenic methane emissions from livestock in New Zealand, including gene selection, vaccines, and feed additives, a study has found.
Read MoreNZ reforestation initiative retools for carbon, nature markets
A New Zealand initiative aiming to encourage native reforestation is pivoting to broader carbon and nature markets for funding, following a lack of commitment from the government for an earlier iteration which would have leveraged the countryâs Nationally Determined Contribution (NDC).
Read MoreSuccess of NZ climate litigation case could wipe NZ$21.9 bln off GDP over five years, report claims
If allowed to proceed and successful, a climate case in New Zealand could cause the country’s GDP to contract by 0.9%, or NZ$21.9 billion ($12.7 bln), out to 2032, according to a report commissioned by three of the defendants.
Read MorePacific climate finance strategy eyes carbon pricing
Exploring carbon pricing, including cap-and-trade systems, was flagged as a priority activity in a new climate finance strategy for the Pacific Islands â with a goal to initiate carbon pricing pilots in the next four years.
Read MoreFEATURE: Data centre boom boosting renewables across APAC as governments play catch up
The global boom in data centres is driving an increase in renewable energy across Asia-Pacific as governments in the region take varying approaches, including carbon markets, to ensure the build-out does not lead to higher emissions, among other environmental considerations.
Read MorePacific Islands Forum Secretariat floats regional climate finance taxonomy
Developing a Pacific Regional Climate Change Taxonomy would help improve transparency around climate-related expenditures and strengthen donor trust, said a report.
Read MoreSafeguard-linked Australian green hydrogen project reaches FID
An ASX-listed chemical and explosives manufacturer has greenlit its commercial-scale green hydrogen project tied to a Safeguard Mechanism facility, it announced on Wednesday.
Read MoreNew Zealand Ombudsman upholds complaint over climate litigation OIA response
New Zealandâs Ombudsman has found that the Prime Ministerâs office acted unreasonably in its response to an Official Information Act request relating to a long-running climate lawsuit, upholding an NGO complaint over the matter.Â
Read MoreGap between Pacific finance needs and availability threatens NDC viability -analysis
Analysis of 14 Pacific Island Nationally Determined Contributions (NDCs) found that a lag in climate finance flows to the region threatens their implementation.
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