Indonesia’s forest carbon market restart faces friction over export rules, taxes
Indonesia’s development of its forest carbon market is running into concerns over export levies, taxation, regulatory uncertainty, and technical bottlenecks, according to experts and stakeholders.
Read MoreForward curves for voluntary credits launched, based on market data
A procurement and intelligence platform has launched a library of forward vintage curves for credits issued on the voluntary carbon market.
Read MoreBarossa project economics remain strong as carbon costs stay below forecasts, Santos says
Australian oil and gas company Santos has remained optimistic about the financial viability of its Barossa gas project, supported by high LNG prices and lower-than-anticipated carbon costs.
Read MoreExchange group drafts rules for listed company transition labels
A global exchange industry body has drafted principles for stock exchanges to label listed companies and IPO candidates with credible climate transition plans, it announced Tuesday.
Read MoreClimate disclosures improving, but more focus needed on physical risks, says NZ regulator
Climate-related disclosures are maturing – including on GHG emissions reporting – but more work is needed on specific physical risk disclosures, data, and better links between risks and transition planning, said New Zealand’s Financial Markets Authority (FMA) on Tuesday, following its evaluation of the country’s second year of reporting.
Read MoreNZ govt gas loans, LNG plans breach trade deals -report
New Zealand’s plans to build an LNG import terminal and its co-investment fund for new gas fields meet the definition of fossil fuel subsidies, leaving the country in breach of trade deals, said a report released a day after the government announced a loan scheme to help businesses switch away from gas.
Read MoreBHP doubles down on climate goals, pushes back on reports it’s abandoning net zero ambitions
Australia-based mining giant BHP has restated its climate ambitions and efforts to meet its goals, pushing back on media reports to the contrary.
Read MoreGlobal carbon removal “governance gap” threatens climate goals, report warns
A new discussion paper has urged governments to rapidly establish a global governance framework for carbon removal (CDR), warning that the world is dangerously unprepared to manage the scale needed to meet climate targets.
Read MoreArticle 6 authority adopts new clean cooking fNRB tool, requests additional country-level values
The Article 6.4 Supervisory Body (SBM) has formally adopted a new tool for calculating the fraction of non-renewable biomass (fNRB), a key parameter underpinning baseline-setting in cookstove and biomass carbon activities, though has requested more granular country-level values be included following further work.
Read MoreAustralia can grow carbon removals, biodiversity, and farming in tandem, says report
Australia can generate up to 127 million tonnes of annual carbon removals from land-sector activities by 2050, according to a report published Monday which argued sequestration and biodiversity restoration can occur simultaneously with expanding agricultural production.
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