Turkish bank secures $250 mln World Bank facilities to boost finance for green steel, renewables
The World Bank’s Multilateral Investment Guarantee Agency (MIGA) has approved $250 million of trade finance facilities for a major Turkish bank to support the country’s export-oriented sustainable steel and renewable energy sectors.
Read MoreSingapore, Indonesia close to Article 6 agreement -media
Singapore and Indonesia are closing in on finalising an implementation agreement under Article 6 of the Paris Agreement, local media reported Tuesday.
Read MoreAustralian aviation company raises A$28 mln to scale drag-reducing tech
An Australian venture capital fund announced Tuesday it had successfully raised A$28 mln ($19.2 mln) on behalf of an aerospace company looking to scale its drag-reducing adhesive film that improves flight efficiency.
Read MoreNew Zealand activist lodges High Court case against govt’s plan to block tort-based climate litigation
A prominent Iwi leader has filed a case in New Zealand’s High Court challenging the government’s amendments to block tort-based climate litigation.
Read MoreBRIEFING: Australia still wary of international units, as questions linger over what they should be used for
The Australian government remains cautious about the use of international carbon credits for domestic purposes, as some argue they could help provide high integrity flexibility for polluters, while others have urged caution about their impacts on encouraging onsite abatement.
Read MoreAustralia approves improved native forest management ACCU method
The Australian government has signed off on the improved native forest management (INFM) carbon credit methodology developed by the New South Wales government.
Read MoreAustralia’s electricity demand set to double by 2050 as households lead energy transition, grid operator says
Australia is expected to see electricity emissions fall by around 90% by 2050, despite demand doubling and generation tripling, the country’s market operator said in a report published Thursday.
Read MoreAustralians file UN case over country’s coal, gas exports
A group of 10 Australians have filed a legal case with the UN claiming the Australian government is violating their human rights by continuing to support companies exporting coal and gas.
Read MoreAustralia to assess major CCS project under federal environmental laws
Australia’s federal government has made an administrative determination on Woodside Energy’s Browse carbon capture and storage (CCS) project, meaning it will be assessed wholly under national environmental laws, while its associated gas development will be open to public comment.
Read MoreAustralian emitters, Safeguard Mechanism architects caution against limiting ACCU use ahead of upcoming review
A taskforce of emitters, advisors, and the architects of the Safeguard Mechanism published a policy briefing Tuesday urging the government not to listen to calls to limit the use of carbon credits at its upcoming review of the scheme.Â
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