Variations 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.
Read MoreNZ govt ignored officials’ advice not to ban climate torts, halt active litigation
Officials advised the New Zealand government against legislating to ban climate-related tort claims, newly released papers showed, while their analysis found that allowing courts to consider such claims against corporates could leave some with a higher standard than required under the country’s emissions trading scheme.
Read MoreClimate disclosures improving, but more focus needed on physical risks, says NZ regulator
Climate-related disclosures are maturing – including on GHG emissions reporting – but more work is needed on specific physical risk disclosures, data, and better links between risks and transition planning, said New Zealand’s Financial Markets Authority (FMA) on Tuesday, following its evaluation of the country’s second year of reporting.
Read MoreNZ govt gas loans, LNG plans breach trade deals -report
New Zealand’s plans to build an LNG import terminal and its co-investment fund for new gas fields meet the definition of fossil fuel subsidies, leaving the country in breach of trade deals, said a report released a day after the government announced a loan scheme to help businesses switch away from gas.
Read MoreBHP doubles down on climate goals, pushes back on reports it’s abandoning net zero ambitions
Australia-based mining giant BHP has restated its climate ambitions and efforts to meet its goals, pushing back on media reports to the contrary.
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