Australian tech company divests from sustainability platforms business to focus on biochar project development
ASX-listed digital infrastructure company NoviqTech on Monday annouced a CEO shakeup and the complete divestment of its supply chain traceability platforms in a move to pivot the company’s focus to its carbon removal (CDR) business.
Read MoreElectrification key to cutting fossil fuel exposure, strengthening business competitiveness -report
Businesses across 18 markets increasingly view clean electrification as a way to reduce exposure to fossil fuel volatility, lower long-term costs, and strengthen competitiveness, according to a polling report released Monday.
Read MoreGlobal biochar output nearly triples in two years as carbon market participation widens -industry report
Global biochar production has nearly tripled in the past two years and is projected to reach more than 9 million tonnes annually by the end of the decade, as the carbon removal technology moves from an emerging industry into large-scale commercial deployment, according to a new market report.
Read MoreSB64: FEATURE – Pitfalls in Article 6.2 reporting lead negotiators, observers to ask about iterative review
Negotiators and observers are questioning how the UN’s process of assessing Article 6.2 initial reports could become more iterative and better at isolating major concerns, as common reporting pitfalls have led UN teams to declare inconsistencies in every review to date.
Read MoreSydney investment firm rolls out global natural capital fund
A Sydney-based investment manager and forestry firm launched its first global natural capital strategy fund, which will invest across forestry, agriculture, carbon, and biodiversity markets.
Read MoreInvestors price carbon attention, not carbon itself, crypto study observes
Investors react sharply when an asset’s carbon footprint becomes a prominent public issue, but do not systematically price changes in underlying emissions, according to new research using cryptocurrency markets as a natural experiment.
Read MoreBlue carbon guidance risks overlooking Indigenous and community tenure rights, researchers warn
Guidance underpinning the rapidly expanding blue carbon sector frequently overlooks key tenure rights and international obligations to Indigenous peoples, coastal communities, and small-scale fishers, potentially exposing local groups to dispossession and exclusion from project benefits, researchers have warned.
Read MoreOil product demand in China falling faster than expected amid Middle East conflict
Oil demand in China may have fallen faster than expected as the US-Israeli war against Iran passed the 100-day mark, Reuters reported Friday, in an indication that demand destruction may be advancing rapidly across some global regions, which would see a reduction in emissions across key carbon pricing schemes.
Read MoreANALYSIS: New SBTi corporate climate standard offers path to scale nature-based carbon finance, even if onus is on tech-based removals
Nature-based solutions deserve stronger support in the newly released Science Based Targets initiative’s (SBTi) Corporate Net-Zero Standard Version 2.0, though they still have a clear pathway to scale, according to some carbon market stakeholders, who pointed to the standard’s prioritisation of engineered removals to help companies tackle hard-to-abate emissions later down the line.
Read MoreSB64: Civil society groups urge COP31 hosts to lead fossil fuel transition
A coalition of civil society organisations from Turkiye, Australia, and the Pacific has urged the incoming COP31 presidency team to use this year’s UN climate summit to accelerate the transition away from fossil fuels.
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