Browse gas project alters Western Australia’s transition path, but leaves 2050 net zero goal unchanged -report
Western Australia’s proposed Browse-to-North West Shelf gas project would not prevent the state from reaching net zero emissions by 2050, but would reshape the road to that goal, a new report has found.
Read MoreCOMMENT: Look Beyond Binaries for Climate Progress
Echoing A Tale of Two Cities, today’s climate transition is marked by both unprecedented progress and mounting headwinds, and overcoming false binaries will be critical to unlocking the capital and action needed at scale.
Read MoreNew Zealand launches assurance framework to scale voluntary carbon, nature markets
The New Zealand government on Monday unveiled its strategy to scale the country’s voluntary carbon and nature markets, focusing on unlocking private funding for restoration projects.
Read MoreICVCM approves Qatar-based standard body for CCP label
A fresh wave of quality-marked credits could soon flood the market after the Integrity Council for the Voluntary Carbon Market (ICVCM) awarded Core Carbon Principle (CCP) status to another standard body, approved a new methodology for the badge, and said two other methodologies could meet its high integrity status with tweaks, while failing two more.
Read MoreClimate Litigation Roundup: Deception claims survive US federal challenges as VCM legal risks come into focus
The past month in climate litigation saw US courts preserve state-law deception claims against fossil fuel companies while pushing back on federal attempts to block them, the Dutch government move to appeal a ruling on climate duties for Bonaire, and fresh questions emerge about legal accountability in the voluntary carbon market (VCM).
Read MoreNo response from Chinese developer requested to replace credits, says Verra
Verra is unable to reach a project proponent that was asked to replace credits from four Chinese projects that were found to have fallen foul of the standard body’s regulations, the voluntary carbon standard body told Carbon Pulse this week.
Read MoreAustralia’s top court to hear first climate case over coal mine expansion
Australia’s highest court will hear its first-ever climate change case next week, in a legal battle between a local community and a coal company over mine expansion.
Read MoreMicroalgae biomass could capture urban CO2 at half the cost of conventional DAC, study says
Microalgae-based direct air capture (DAC) systems can sequester CO2 at less than half the cost of conventional technologies while generating carbon credits and biomass revenue, a recent study has found.
Read MoreBRIEFING: Energy shock will lead to short-term pain, but long-term gain for Asia Pacific’s energy transition
Asia Pacific countries have responded to the global energy shock by delaying key carbon pricing and tax policies, however this will likely be replaced with renewed efforts to transition away from fossil fuels in the future, experts have said.
Read MorePhase 1 CORSIA supply on target to hit 154 mln carbon credits -report
Some 154 million credits are likely to be insured and authorised in time for CORSIA’s Phase 1 deadline for meeting offsetting obligations, according to a data aggregator.
Read More