PNG progresses first carbon project since moratorium lifted
The Papua New Guinea government has approved the first carbon project in the country aligned with its new market system, it said.
Read MoreAustralia should champion âdecarbonisation dealsâ platform as COP31 initiative, says climate authority
Australia should use its role as president of the COP31 negotiations to advance a decarbonisation deals platform to bridge the gap between Nationally Determined Contribution (NDC) ambitions and economic implementation, the countryâs Climate Change Authority (CCA) has proposed.
Read MoreClimate advisory awarded grant to scale agroforestry in Timor-Leste, generating 20 MtCO2 of removals
A global climate investment and advisory firm has been awarded up to $25 million to develop a blended finance platform to scale a Timor-Leste community agroforestry programme with the potential to generate up to 20 mln verified carbon credits over its lifetime.
Read MoreCF Asia: ANALYSIS â CORSIA wholesale acceptance of PACM credits seen as unlikely, say market participants
The aviation sectorâs international offsetting programme, CORSIA, is unlikely to accept all credits issued under one of the Paris Agreementâs Article 6 mechanisms, market participants told Carbon Pulse on Wednesday.
Read MoreCF Asia: Compliance markets risk sidelining high-cost carbon projects, developers say
Compliance markets potentially risk sidelining higher-tech and more expensive mitigation activities, developers warned, arguing that lower-cost supply could divert investment from complex, capital-intensive projects.
Read MoreCF Asia: INTERVIEW â NZU prices wonât recover until uncapped forestry dealt with, former minister says
Prices in New Zealandâs ETS will continue to come under pressure from forestry-issued units absent any changes, the countryâs former climate minister told Carbon Pulse on Tuesday â despite legislative tweaks to restrict farm-to-forest conversions last year.
Read MoreCF Asia: Removals essential infrastructure amid data centre-driven power demand boom
With a surge in power demand from data centres extending the life of fossil fuel-fired generation, carbon removals are even more important than before, a high profile investor said Tuesday.
Read MoreRenewable fuels company launches SAF pilot in China
A sustainable aviation fuel (SAF) pilot programme in China saw the first blend used last week to refuel several commercial flights in the country, one of the partners in the trial said on Monday.
Read MoreDairy giant Fonterra hints at emissions increase
Emissions at New Zealand-headquartered Fonterra are set to increase in the 2026 financial year, it suggested on Monday, amid an increase in production.
Read MoreBRIEFING: Judge questions âfundamentally flawedâ NZ govt climate plan consultation as landmark litigation has its day in court
A justice described the New Zealand governmentâs consultation-after-the-fact on its climate plan as âfundamentally flawedâ in Wellington High Court this week during a three-day hearing into a legal challenge to the plan.
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