New Zealand finalises geothermal strategy, adds a further NZ$50 mln for projects
The New Zealand government has confirmed its 2040 goal to double the use of geothermal energy, with the release of a detailed strategy plan on Tuesday alongside the announcement of a further NZ$ 50 million ($29.3 mln) in funding via a regional development facility.
Read MoreNZ Market: ASX futures exchange sees large block trade of NZUs as Middle East war impact remains unclear
New Zealand allowances were trading up slightly on Wednesday following a substantial futures block trade the day before, as traders mull the impacts of the ongoing war in the Middle East on the ETS.
Read MoreAustralian super funds seeking more transition info from investees – including beyond emissions, finds report
Superannuation funds have a growing opportunity to incorporate corporate climate transition plans into their decision-making processes, with some now asking portfolio companies for more detailed information and non-climate risks such as nature, a think tank said on Tuesday.
Read MoreANALYSIS: Middle East war likely to result in lower demand for CORSIA credits in the short term, analysts say
The war in the Middle East is likely to lower demand for credits under the international aviation sector’s CORSIA scheme in the short term, analysts told Carbon Pulse, with one estimating the past two weeks alone have seen around 3 million tonnes of fewer emissions due to lost jet fuel.
Read MoreFirst-of-its-kind NZ litigation heads to court next week
The High Court in Wellington will hear the first legal challenge to New Zealand’s climate plan next week, with one of the NGOs bringing the case saying it is a chance to “peel back the government’s rhetoric” on climate change.
Read MoreINTERVIEW: Carbon markets ‘powerful opportunity’ to compete aggressively, says chemicals company CEO
An Australian chemicals company fresh off the back of fundraising is exploring voluntary carbon market opportunities to value stack its zero emissions chemical reactors, its CEO told Carbon Pulse.
Read MoreAgricultural waste fuels green steel breakthrough for Australia-India partnership
Researchers have successfully used agricultural waste to produce a biogas for use in iron ore reduction in India, taking green steel production a step closer.
Read MoreDevelopment bank sets goal to deliver €150 bln of climate finance by 2030
A European development bank is aiming to channel a minimum of €150 billion in cumulative green finance over the next five years, it said on Wednesday.
Read MoreAsian utilities lagging on emissions reductions, decarbonisation plans -report
Eight “systemically important” energy utilities in Asia are not doing enough to cut emissions, said a report by an investor group released on Thursday.
Read MoreCOP31 needs to build on fossil fuel phaseout momentum, set stage for second Global Stocktake, think tank says
This year’s COP31 will play a crucial role in establishing a framework for the second Global Stocktake (GST2) in 2028, as well maintain momentum on climate action in a fracturing geopolitical landscape, a think tank said in a briefing published Tuesday.
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