New Zealand begins work to improve ETS for foresters

Published 05:34 on October 14, 2024  /  Last updated at 05:34 on October 14, 2024  / /  Asia Pacific, New Zealand

The New Zealand government will establish a Reference Group to drive better outcomes for the forestry segment of its emission trading scheme (ETS), it announced Monday.

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Researchers release yet another study damning Australia’s human-induced regeneration carbon credits

Published 07:47 on October 11, 2024  /  Last updated at 07:47 on October 11, 2024  / /  Asia Pacific, Australia

Another peer-reviewed paper has found “extreme levels of non-compliance” in Australian human-induced regeneration (HIR) projects, despite the Clean Energy Regulator (CER) continuing to claim the carbon credit scheme is sound.

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Australia’s Clean Energy Regulator consults on ACCU registry, exchange

Published 05:31 on October 11, 2024  /  Last updated at 05:31 on October 11, 2024  / /  Asia Pacific, Australia

Australia’s Clean Energy Regulator has launched a consultation on its Australian Carbon Credit Unit (ACCU) registry and exchange currently in development.

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ANALYSIS: Australia’s environmental credibility contrasts good intentions, summit delegates say

Published 07:43 on October 10, 2024  /  Last updated at 07:43 on October 10, 2024  / /  Asia Pacific, Australia, Biodiversity

Attendees of Australia’s first Global Nature Positive Summit lauded the government for hosting the event, but the current political troubles it faces and lingering questions over how to incentivise private sector investment are not going away.

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BRIEFING: Australia’s draft plan of attack on feral cats a good step forward, but implementation and cash will be key  

Published 08:26 on October 9, 2024  /  Last updated at 08:38 on October 9, 2024  / /  Asia Pacific, Australia, Biodiversity

Australia is finalising an updated battle strategy for its war on feral cats, one of the biggest drivers of native mammal extinctions on the continent, but experts say how the plan is implemented and the funding behind it will be the key to victory.

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Proposed nature metrics need to be more rigorous, global nature summit hears

Published 08:39 on October 8, 2024  /  Last updated at 08:39 on October 8, 2024  / /  Asia Pacific, Australia, Biodiversity

A proposed biodiversity measuring metric initiative needs to factor in the interplay of climate change and proposed actions, rather than simply focusing on observing changes, an expert told the Global Nature Positive Summit in Sydney Tuesday.

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Australia expands ocean protection as first Global Nature Positive Summit kicks off

Published 02:34 on October 8, 2024  /  Last updated at 14:03 on October 8, 2024  / /  Asia Pacific, Australia, Biodiversity

The Australian government has expanded its protected waters, now protecting more marine areas than any other nation on Earth, it said as it hosts the first Global Nature Positive Summit in Sydney.

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AU Market: ACCU price retreats after bumper September

Published 07:16 on October 7, 2024  /  Last updated at 07:16 on October 7, 2024  / /  Asia Pacific, Australia

The price of Australian Carbon Credit Units (ACCUs) has reversed the gains it made last month which saw a record 4.1 million units traded, according to analysis.

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Australia has done nothing to reverse nature-harming govt subsidies, report finds

Published 05:56 on October 7, 2024  /  Last updated at 05:56 on October 7, 2024  / /  Asia Pacific, Australia, Biodiversity

Australia spends around 50 times more on subsidising activities that harm the environment than it spends on helping it, according to a first-of-its kind report examining government payments published Monday.

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Nature-positive insurance practices gain traction, but faster integration needed, report says

Published 08:46 on October 4, 2024  /  Last updated at 08:46 on October 4, 2024  / /  Asia Pacific, Australia, Biodiversity

The concept of nature-positive insurance is building momentum in Australia as a way to address insurability challenges, but work must be done more quickly to integrate these practices more broadly, a report published Friday urged.

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