Sequestering CO2 key to reaching Australia’s net zero target, scientific agency says
Sequestration of CO2 will be a “key component” for Australia to meet its emissions reduction targets, with nature-based methods already able to provide lower cost and scalable solutions, while engineered technologies such as direct air capture (DAC) able to make a longer term impact with policy and investment backing to reach commercial maturity, according to a report released on Monday.
Read MorePhilippines govt to review green laws with aim to kickstart carbon market
The Philippines government will be reviewing the introduction of regulations to facilitate the development of a carbon market in the country, local media reported on Monday.
Read MoreIndian startup raises $4 mln to boost climate tech for nature-based projects
An Indian start-up has raised $4 million in a seed round as it seeks to expand its operations in South Asia, it announced on Friday.
Read MoreBursa Malaysia launches VCM exchange for local and international carbon traders
Bursa Malaysia officially launched its voluntary carbon market (VCM) exchange on Friday, to be known as BCX, an initiative jointly developed with the Malaysian ministries of environment and finance, as the Southeast Asian nation seeks to unlock sources of VCM revenue to help meet its climate and environmental policy goals.
Read MorePivotal net zero role for carbon capture tech needs standard-setting, policy support to unlock financial access, conference panel says
Carbon capture technologies can play a key long term role in global efforts to meet net zero emissions ambitions, but this is only likely to be realised if financial and regulatory barriers are overcome and if standards are developed to promote a greater role for carbon markets, industry observers noted at a conference on Thursday.
Read MoreWorld Bank, IETA, Singapore launch global initiative to unify carbon credit registry data
A group of international partners has launched an open-source metadata system to share information about carbon credits that aims to improve transparency for carbon markets, they announced on Wednesday.
Read MoreAustralia’s NSW launches A$10mln grant scheme for carbon abatement projects
The NSW state government will allocate A$10 million ($6.7 mln) in the first round of a grants scheme to assist groups in the agricultural and land sectors with carbon abatement projects, it announced on Tuesday.
Read MoreIETA lays out ground rules for crediting of CO2 geostorage activities
The International Emissions Trading Association (IETA) has released a set of principles to govern the trading of CO2 reductions and removals that use technology-based carbon sink enhancements, the group announced on Tuesday.
Read MoreCCUS in India has key net zero role but needs incentives, govt think-tank says
CCUS can play a critical role in India’s decarbonisation efforts but a viable policy framework that prioritises financial and tax incentives across the value chain needs to be put in place to bring it to scale, including via the carbon market, a government think-tank has urged.
Read MoreMalaysia’s Sarawak to begin first forest carbon project under new regulations in Q1 2023
Sarawak’s inaugural forest carbon project will go ahead in early 2023, the first since a local law was adopted in May to set up a carbon market in the Malaysian state that will be guided by international protocols.
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