Mining giants join shippers to develop Australia-Asia green shipping corridor
A consortium including BHP, Rio Tinto and two shipping firms has agreed to assess the development of an iron ore green shipping corridor between Australia and East Asia, it was announced on Wednesday.
Read MoreCarbon price for shipping can unlock low carbon spend in developing economies, report says
The use of market-based measures such as carbon pricing for the shipping industry would generate annual revenue between $40-80 billion by 2050, enabling enough funds for the decarbonisation of the hard-to-abate sector while also providing a source of climate finance for less developed economies, according to a report from the World Bank.
Read MoreQantas signs carbon credit deal including sustainable fuels output, sets 2030 emissions target
Australian airline Qantas has signed an agreement with ANZ bank and Japanese oil and gas firm Inpex to evaluate a large-scale integrated reforestation and carbon farming programme that will generate offsets to help meet the airline’s emissions targets and provide a source of renewable biofuels production, the company announced on Thursday.
Read MoreCorporates more willing to set long-term climate targets but fall short on specifics to meet 1.5C
Corporate players have demonstrated progress in pledging more ambitious long-term, high-level climate goals, but still lag in the setting of more detailed commitments to align their strategies with a 1.5C scenario, results from a survey of 166 companies by a climate investor action group has found.
Read MoreAsia seen to hold great untapped potential for VCM growth as climate pledges lag
The widening gap over the next decade between growing GHG emissions from Asia’s biggest emitters and the trajectory they need to be on to align with a 1.5C scenario means that the region has significant potential to be a key source for rapid growth in demand for carbon offsets, a conference heard on Wednesday.
Read MoreAbu Dhabi finance centre partners with Singapore outfit to set up first regulated carbon exchange
Abu Dhabi Global Market (ADGM) will establish a fully regulated carbon trading exchange and carbon clearing house, the world’s first, in a partnership with Singapore-based AirCarbon Exchange (ACX), the UAE-based international financial centre announced on Tuesday.
Read MoreAirCarbon Exchange inks deal to boost Indonesian carbon markets
Singapore-based AirCarbon Exchange (ACX) has signed a Memorandum of Understanding with carbon asset developer CarbonX to build a carbon marketplace in Indonesia, the two companies jointly announced on Monday.
Read MoreAustralia, NZ big winners if ocean-based carbon markets reach $1 trillion potential, report says
Australia and New Zealand are well-placed to take advantage of their access to the natural capital of the ocean to become key players in immature but rapidly emerging ocean-based carbon markets, a report has claimed.
Read MoreGreen investor to supply refugees with clean cookstoves to offset 1 MtCO2 over five years
A UK-based company that provides low-carbon commodity services will invest in providing 100,000 clean cookstoves for Rohingya refugees and host communities in Bangladesh, in a project that will generate 200,000 carbon credits annually.
Read MoreNasdaq launches price indexes at recently acquired carbon removal platform
Nasdaq has launched three commodity price reference indexes in the world’s first move to track the price of removing CO2 from the atmosphere, the US-headquartered exchange operator announced on Thursday.
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