CN Markets: China’s carbon price touches all-time high on steady compliance demand

Published 11:17 on September 22, 2023  /  Last updated at 11:17 on September 22, 2023  / Chia-Erh Kuo /  Asia Pacific, China  /  Comments Off on CN Markets: China’s carbon price touches all-time high on steady compliance demand

Allowances in the Chinese emissions trading scheme this week rose to their highest level since the market launched two years ago, as the approaching compliance deadline for 2021 and 2022 continued to fuel steady demand.

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Far more work needed to drive clean hydrogen uptake despite increase in projects, IEA says

Published 10:51 on September 22, 2023  /  Last updated at 12:37 on September 22, 2023  / Helen Clark /  Americas, Asia Pacific, EMEA, International  /  Comments Off on Far more work needed to drive clean hydrogen uptake despite increase in projects, IEA says

Policy and direct investment need to match interest and rhetoric if hydrogen is to become a genuine source of large-scale clean energy, and project delays are to be expected given “stubborn” cost pressures, the International Energy Agency said Friday.

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BRICS expansion will transform bloc into world leader for renewables, net exporter of energy -report

Published 10:25 on September 22, 2023  /  Last updated at 10:25 on September 22, 2023  / Nikita Pandey /  Africa, Americas, Asia Pacific, China, EMEA, International, Middle East, Other APAC  /  Comments Off on BRICS expansion will transform bloc into world leader for renewables, net exporter of energy -report

The expansion of the BRICS bloc is going to transform the group into a global leader in renewables, making it a net exporter of primary energy in the coming decades, according to a report released this week.

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Australian superannuation fund adopts emissions standards, but may keep oil and gas investments

Published 10:21 on September 22, 2023  /  Last updated at 12:28 on September 22, 2023  / Helen Clark /  Asia Pacific, Australia  /  Comments Off on Australian superannuation fund adopts emissions standards, but may keep oil and gas investments

An Australian superannuation fund has announced emissions targets in line with the government’s plan to reduce emissions by 43% by 2030 over 2005 levels, though it will only decide on a policy towards oil and gas companies late next year.

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Research paper claims to refute additionality arguments against Australian landfill gas projects

Published 09:44 on September 22, 2023  /  Last updated at 09:44 on September 22, 2023  / Mark Tilly /  Asia Pacific, Australia  /  Comments Off on Research paper claims to refute additionality arguments against Australian landfill gas projects

Carbon revenues can substantially contribute to the additionality of Australian waste management projects by encouraging final investment decisions, a study has found, contradicting conclusions from previous analysis.

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Gas integral to Indonesian net-zero plans -minister 

Published 04:50 on September 22, 2023  /  Last updated at 09:18 on September 22, 2023  / Helen Clark /  Asia Pacific, Other APAC  /  Comments Off on Gas integral to Indonesian net-zero plans -minister 

Gas will remain an important part of Indonesia’s energy mix as it moves to a lower emissions economy and the nation is actively looking to expand gas infrastructure, a minister said Friday. 

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Pipeline company confirms will need ACCUs to meet Safeguard baseline, says emissions reduction pathway will not be linear

Published 02:22 on September 22, 2023  /  Last updated at 09:09 on September 22, 2023  / Mark Tilly /  Asia Pacific, Australia  /  Comments Off on Pipeline company confirms will need ACCUs to meet Safeguard baseline, says emissions reduction pathway will not be linear

Gas infrastructure company Australian Pipeline Association (APA) Group has joined a growing list of companies signalling their reliance on Australian Carbon Credit Units (ACCUs) to meet their emission liabilities under the reformed Safeguard Mechanism.

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ANALYSIS: Cloud of reputational risk continues to hang over voluntary carbon buyers

Published 23:00 on September 21, 2023  /  Last updated at 23:24 on September 21, 2023  / Roy Manuell /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, US, Voluntary  /  Comments Off on ANALYSIS: Cloud of reputational risk continues to hang over voluntary carbon buyers

Negative media coverage continued to dominate discussions during a carbon conference in New York held this week, as stakeholders in the voluntary market reacted to fresh reports from a newspaper that has persistently criticised corporate credit use, with fears of reputational risk threatening to further depress buying activity.

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Nature-based carbon developer closes $11.5 million to help fund Southeast Asian projects

Published 22:33 on September 21, 2023  /  Last updated at 22:33 on September 21, 2023  / Ben Garside /  Asia Pacific, Nature-based, Other APAC, Paris Article 6, Voluntary  /  Comments Off on Nature-based carbon developer closes $11.5 million to help fund Southeast Asian projects

A company founded by two forest carbon veterans has closed $11.5 million in funding from a Singapore-based investor to help develop projects in Southeast Asia.

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California introduces international initiative to address methane emissions

Published 22:14 on September 21, 2023  /  Last updated at 23:48 on September 21, 2023  / Bijeta Lamichhane /  Africa, Americas, Asia Pacific, EMEA, International, Mexico, Other APAC, South & Central, US  /  Comments Off on California introduces international initiative to address methane emissions

California on Wednesday announced an international climate initiative targeting methane reduction and mitigation, as seven signatories from six countries participated in the launch event at New York Climate Week.

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