Article 6 body adopts sustainable development tool

Published 10:18 on October 7, 2024  /  Last updated at 10:18 on October 7, 2024  / /  Americas, Asia Pacific, EMEA, International, Kyoto Mechanisms, Paris Article 6

The body mandated to shape the UN’s Article 6.4 carbon crediting mechanism has adopted a sustainable development tool, as it also scrambles to ready guidance ahead of COP29 next month.

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INTERVIEW: ‘A tonne is not a tonne’ – Changing the approach to voluntary carbon crediting could unlock much-needed scale

Published 10:12 on October 7, 2024  /  Last updated at 10:12 on October 7, 2024  / /  Americas, Asia Pacific, EMEA, Nature-based, US, Voluntary

In order to scale, the voluntary carbon sector must shift its approach, adopt a more conservative stance to crediting, and move past the “the myth of fungibility”, a senior executive at Amazon told Carbon Pulse.

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Australian energy firm partners with Japanese government agency to manage methane emissions

Published 08:29 on October 7, 2024  /  Last updated at 08:29 on October 7, 2024  / /  Asia Pacific, Australia, Japan

An Australia-headquartered energy firm has teamed up with a Japanese government affiliate to collaborate on improving methane emissions management with new technology.

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AU Market: ACCU price retreats after bumper September

Published 07:16 on October 7, 2024  /  Last updated at 07:16 on October 7, 2024  / /  Asia Pacific, Australia

The price of Australian Carbon Credit Units (ACCUs) has reversed the gains it made last month which saw a record 4.1 million units traded, according to analysis.

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Australia has done nothing to reverse nature-harming govt subsidies, report finds

Published 05:56 on October 7, 2024  /  Last updated at 05:56 on October 7, 2024  / /  Asia Pacific, Australia, Biodiversity

Australia spends around 50 times more on subsidising activities that harm the environment than it spends on helping it, according to a first-of-its kind report examining government payments published Monday.

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New one-stop solution created for airlines to buy CORSIA, voluntary carbon credits

Published 23:01 on October 6, 2024  /  Last updated at 11:47 on October 4, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, Voluntary

Two companies have teamed up to offer airlines a one-stop solution for climate action via a portfolio of voluntary credits that includes those eligible for the UN’s international aviation offsetting scheme.

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INTERVIEW: Demand for Article 6 units won’t suddenly boom in case of agreement

Published 14:04 on October 4, 2024  /  Last updated at 15:12 on October 7, 2024  / /  Americas, Asia Pacific, Climate Talks, EMEA, International, Paris Article 6

Demand for carbon credits aligned with Article 6 of the Paris Agreement is not going to suddenly spike if an agreement on rules to operationalise UN international carbon markets is found at COP29 at the end of the year, a senior EU negotiator told Carbon Pulse.

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Western Australian govt announces first nature tech accelerator cohort

Published 11:20 on October 4, 2024  /  Last updated at 11:20 on October 4, 2024  / /  Asia Pacific, Australia, Biodiversity

The government of Western Australia announced Friday the first cohort of six early-stage nature tech startups that will receive seed capital and expert support to scale their businesses under a newly launched accelerator programme.

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Nature-positive insurance practices gain traction, but faster integration needed, report says

Published 08:46 on October 4, 2024  /  Last updated at 08:46 on October 4, 2024  / /  Asia Pacific, Australia, Biodiversity

The concept of nature-positive insurance is building momentum in Australia as a way to address insurability challenges, but work must be done more quickly to integrate these practices more broadly, a report published Friday urged.

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Japanese companies team up to cut emissions from LNG value chain

Published 08:16 on October 4, 2024  /  Last updated at 08:16 on October 4, 2024  / /  Asia Pacific, Japan, South Korea

Dozens of companies in Japan have endorsed a government-backed initiative that aims to reduce methane emissions in the liquefied natural gas (LNG) value chain, according to local media reports.

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