WEF calls for hybrid approach of unilateral, multilateral schemes towards global carbon pricing
Global carbon pricing measures must strike the right balance between unilateral and multilateral measures to be fair and effective, and encourage incremental progress, analysis from the World Economic Forum (WEF) published Tuesday said.
Read MoreNet Zero Asset Managers climate financial group suspends operations following BlackRock exit
The Net Zero Asset Managers (NZAM) initiative – a group of financial institutions focussing on the transition to net zero – has halted some of its activities and launched a review, it announced late Monday, in the wake of high-profile exits and growing political headwinds.
Read MoreID Market: IDX Carbon traded volume surpasses 1 MtCO2e, adds three more projects
Indonesia’s National Carbon Exchange (IDX Carbon) has seen a boost in trading volume in January, with three more projects being added to generate carbon credits.
Read MoreAU Market: ACCU prices soften despite strong traded volumes as election campaign kicks off
Australian Carbon Credit Unit (ACCU) prices have dropped lower over the past week amid healthy volumes, but volatility and potential upticks could be on the horizon.
Read More2024 declared warmest year on record, first time global temperatures exceed 1.5C
Last year was confirmed by multiple scientific agencies on Friday as the warmest year on record and the first calendar year that average global temperatures have exceeded 1.5C above pre-industrial levels.
Read MoreParticipants left in the dark over fate of Australian voluntary offsetting scheme
The Australian government has yet to decide on reforms for its troubled voluntary corporate offsetting programme, even as speculation swirls that it may be scrapped altogether.
Read MoreIndonesia carbon exchange to sell 1.7 mln credits in first international trade
Indonesia’s National Carbon Exchange (IDX Carbon) will host its first international transactions of correspondingly adjusted carbon credits later this month, the platform announced Thursday.
Read MoreBeverage giant launches third round of APAC emissions reduction innovation grant programme
A global food and beverage multinational has kicked off its third annual sustainability incubator programme, offering grants to pilot projects focussed on sustainable agriculture, climate tech, and GHG emissions reduction.
Read MoreAustralia’s power grid decarbonisation will require gas as back-up -study
A recent study has highlighted the careful balance Australian policymakers must strike between growing the country’s renewable energy capacity and electrifying much of its natural gas demand.
Read MoreAU Market: First ACCU trades see ‘active start’ for 2025, as climate reporting debate heats up
This week saw the first spot trades of Australian Carbon Credit Units (ACCUs) for the new year, all at relatively flat prices, as experts weigh in on the country’s climate reporting laws.
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