Non-profit kicks off German-funded biodiversity and nature project in the Philippines

Published 13:59 on May 23, 2025  /  Last updated at 13:59 on May 23, 2025  / /  Asia Pacific, Biodiversity, EMEA, Nature-based

A large non-profit will start work on a €32.7-million German-backed project that could help the Philippines meet its global climate and nature targets, it announced this week.

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UK standard body launches insetting framework for Scope 3 mitigation

Published 13:11 on May 23, 2025  /  Last updated at 13:11 on May 23, 2025  / /  Americas, Asia Pacific, EMEA, International, Voluntary

UK standard body Social Carbon has launched an insetting framework for supply chains in forestry, land use, and agriculture (FLAG).

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Empty gas fields could host large-scale Australian energy storage projects -paper

Published 11:22 on May 23, 2025  /  Last updated at 11:22 on May 23, 2025  / /  Asia Pacific, Australia

Some depleted oil and gas reservoirs in onshore Queensland could be repurposed as compressed air energy storage (CAES) and offer a decarbonisation solution, according to researchers.

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CN Markets: CEAs fall back below RMB 70 amid selling pressure, CCERs hold higher

Published 11:10 on May 23, 2025  /  Last updated at 11:10 on May 23, 2025  / /  Asia Pacific, China

Permit prices in China’s national emissions market this week again fell below the RMB 70 ($9.72) mark amid mounting selling pressure, remaining at 16-month lows, while the country’s offset market still saw credits traded above RMB 80.

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UN to review new cookstoves carbon methodology at next PACM methodology meeting

Published 10:54 on May 23, 2025  /  Last updated at 10:54 on May 23, 2025  / /  Africa, Americas, Asia Pacific, EMEA, International, Voluntary

UN officials tasked with helping to shape the Paris Agreement Crediting Mechanism (PACM) will review and discuss a new clean cooking crediting programme at the next methodological expert meeting in July.

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Australian carbon market industry body CEO announces resignation

Published 09:49 on May 23, 2025  /  Last updated at 09:49 on May 23, 2025  / /  Asia Pacific, Australia, Bavardage

The head of Australia’s carbon market industry body will resign on July 4, the organisation announced Friday.

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Australian DAC startup partners with Kenyan developer to store CO2 in Great Rift Valley

Published 09:32 on May 23, 2025  /  Last updated at 09:32 on May 23, 2025  / /  Africa, Asia Pacific, Australia, EMEA, Voluntary

An Australian direct air capture (DAC) startup has signed an agreement to deploy solar-powered DAC modules in Kenya, as interest grows in using the Great Rift Valley’s geology and renewables for CO2 removal projects.

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NZ budget shows govt not serious about meeting 2030 NDC, legal group says

Published 08:47 on May 23, 2025  /  Last updated at 08:47 on May 23, 2025  / /  Asia Pacific, New Zealand

A prominent New Zealand legal group has questioned the government’s seriousness about meeting its 2030 international climate targets, given its latest budget provides no funding to purchasing overseas carbon credits. 

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Australian Market Roundup: Landfill gas projects dominate issuance as ACCU price inches up

Published 07:50 on May 23, 2025  /  Last updated at 08:46 on May 23, 2025  / /  Asia Pacific, Australia

Australian Carbon Credit Unit (ACCUs) issuances rose in April, largely generated by landfill gas projects, as market prices slowly pick up despite a lull in activity.

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COMMENT: Demystifying the Link between Article 6 and the Voluntary Carbon Market

Published 23:59 on May 22, 2025  /  Last updated at 01:11 on May 23, 2025  /  Africa, Americas, Asia Pacific, Climate Talks, Contributed Content, EMEA, International, Nature-based, Other Content, Paris Article 6, Voluntary

A key takeaway from recent discussions on the link between Article 6 and the VCM is the persistent confusion surrounding Corresponding Adjustments (CAs), particularly regarding project eligibility, conditional NDCs, and the limited supply of CAs, with concerns emerging over pricing distortions, voluntary buyer behaviour, and the need for clearer frameworks to ensure environmental integrity and mobilise finance at scale.

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