Govt panel says New Zealand can lower methane reduction ambitions

Published 08:35 on December 4, 2024  /  Last updated at 08:35 on December 4, 2024  / /  Asia Pacific, New Zealand

Even if the world meets its global 1.5C temperature target, New Zealand can get away with reducing methane emissions at the very low end of its legislated target, and even go below that if climate action elsewhere is less successful, a controversial government panel said Wednesday.

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Major biochar project to get grant funding in Western Australia

Published 07:31 on December 4, 2024  /  Last updated at 07:31 on December 4, 2024  / /  Asia Pacific, Australia, Nature-based, Voluntary

One of the world’s largest biochar carbon removals projects is among the five recipients to receive a total A$33.6 million ($21.7 mln) in concessional grant funding from the government of Western Australia, according to an official announcement.

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Australian soil carbon project developer acquires tech platform

Published 05:30 on December 4, 2024  /  Last updated at 05:30 on December 4, 2024  / /  Asia Pacific, Australia

One of Australia’s largest soil carbon project developers has acquired a tech company’s risk and impact assessment tool that it will combine and launch as a new platform, it announced this week.

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Carbon project ratings agency lays off dozens of staff amid voluntary market slowdown

Published 01:05 on December 4, 2024  /  Last updated at 01:05 on December 4, 2024  / /  Americas, Asia Pacific, Bavardage, EMEA, Nature-based, Voluntary

A carbon project ratings agency has laid off dozens of staff members amid a company restructuring campaign, Carbon Pulse has learned.

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New Zealand unveils details on limiting exotic forestry in ETS

Published 00:58 on December 4, 2024  /  Last updated at 01:25 on December 4, 2024  / /  Asia Pacific, New Zealand

The New Zealand government on Wednesday published long-awaited elements of its plan to limit exotic forestry in the Emissions Trading Scheme based on Land Use Capability (LUC) class. 

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Indonesia must phase out 3 GW of coal annually to meet 2040 target, analysis finds

Published 00:01 on December 4, 2024  /  Last updated at 01:44 on December 4, 2024  / /  Americas, Asia Pacific, Canada, Other APAC

Indonesia would need to retire 3 GW of coal-fired power plants per year and replace it with 8 GW of renewables at the same rate if it is to achieve its 2040 coal phase-out target, according to an analysis published Wednesday.

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Investors with $6.5 trillion of assets see mixed results in seafood sustainability engagement

Published 00:01 on December 4, 2024  /  Last updated at 16:13 on December 3, 2024  / /  Asia Pacific, Biodiversity, EMEA, Japan

Some 35 investors representing $6.5 trillion in combined assets have engaged with varied results over a year-long outreach with seven seafood companies on sustainability issues such as supply-chain traceability to curb habitat destruction and overfishing.

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New Zealand auction partially clears with 4 mln NZUs sold

Published 23:13 on December 3, 2024  /  Last updated at 22:43 on December 4, 2024  / /  Asia Pacific, New Zealand

The final New Zealand ETS auction for 2024 has partially cleared, with 4 million NZUs selling at NZ$64 ($37.63), in line with market expectations.

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Chinese conglomerate launches climate tech innovation programme

Published 12:34 on December 3, 2024  /  Last updated at 12:34 on December 3, 2024  / /  Asia Pacific, China, Voluntary

A Chinese tech major on Tuesday launched the second phase of its carbon accelerator programme, calling on proposals for low-carbon innovations globally, with the purpose of providing funding and support to the tune of tens of millions of dollars.

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China sees first registered voluntary carbon project since market relaunch

Published 10:44 on December 3, 2024  /  Last updated at 10:44 on December 3, 2024  / /  Asia Pacific, China

China has seen the registration of a first voluntary project under its national offset scheme since the market relaunched earlier this year, moving one step closer to the issuance of new credits.

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