Australian carbon, biodiversity offset developer raising capital for Queensland assets

Published 03:35 on October 4, 2024  /  Last updated at 03:35 on October 4, 2024  / /  Asia Pacific, Australia

An Australian investment manager is raising A$6.6 million ($4.5 mln) for a fund that purchases agricultural land for carbon and biodiversity offset projects.

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Global climate fund to invest up to $1 bln to decarbonise industry sectors in developing countries

Published 01:18 on October 4, 2024  /  Last updated at 01:18 on October 4, 2024  / /  Africa, Americas, Asia Pacific, Australia, EMEA

One of the largest climate funds in the world announced on Thursday that it would invest up to $1 billion in technologies that reduce emissions from the industrial sector in developing countries.

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Japan-led AZEC could deepen fossil fuel reliance in the region, report says

Published 22:00 on October 3, 2024  /  Last updated at 05:31 on October 2, 2024  / /  Asia Pacific, International, Japan, Other APAC

Japan’s regional energy transition initiative featuring the promotion of nascent technologies could in turn deepen developing countries’ reliance on coal or liquefied natural gas (LNG), according to a report released Friday.

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ANALYSIS: Voluntary carbon market must stop ‘infighting’ and own the narrative to usher in new era

Published 20:30 on October 3, 2024  /  Last updated at 20:30 on October 3, 2024  / /  Americas, Asia Pacific, EMEA, International, Nature-based, Paris Article 6, Voluntary

Changing the narrative, such as dropping ‘offsetting’ language, will be crucial to navigating a successful transition away from years of scandal for the voluntary carbon market, but this will be contingent on the sector coming together and controlling the narrative, experts told a conference this week.

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Colombia-based carbon standard applies to ICVCM for integrity label eligibility

Published 17:44 on October 3, 2024  /  Last updated at 17:44 on October 3, 2024  / /  Americas, Asia Pacific, EMEA, South & Central, Voluntary

An international carbon standard based in Colombia has applied to the Integrity Council for the Voluntary Carbon Market (ICVCM) for programme eligibility under its Core Carbon Principle (CCP) system.

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Europe to ramp up LNG imports next year if Russian gas transit stops, says IEA

Published 17:08 on October 3, 2024  /  Last updated at 17:08 on October 3, 2024  / /  Americas, Asia Pacific, EMEA, International

Europe will likely need to import more liquefied natural gas next year, tightening global gas fundamentals, if Russian gas supplies through Ukraine are stopped entirely, the International Energy Agency (IEA) has warned.

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Indonesia’s decision to reopen sea sand export will lead to blue carbon crisis, destroy marine ecosystems -think tank

Published 16:09 on October 3, 2024  /  Last updated at 16:09 on October 3, 2024  / /  Asia Pacific, Biodiversity, Nature-based, Other APAC, Voluntary

The Indonesian government’s decision to reopen sea sand export is likely to plunge the Southeast Asian nation into a blue carbon crisis, and harm its marine biodiversity, a report released this week has warned.

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ANALYSIS: Article 6 can supplement finance goals at COP29

Published 15:22 on October 3, 2024  /  Last updated at 15:22 on October 3, 2024  / /  Africa, Asia Pacific, Climate Talks, EMEA, International, Middle East, Other APAC, Paris Article 6, Voluntary

Article 6 is meant to create a UN carbon crediting and trading system, but it can also support adaptation and the overarching New Collective Quantified Goal (NCQG) financing target at COP29, experts have told Carbon Pulse.

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Japanese trading house launches digital system to scale forest carbon projects

Published 08:57 on October 3, 2024  /  Last updated at 08:57 on October 3, 2024  / /  Asia Pacific, Japan

A major trading house in Japan has launched a system that can standardise and digitalise the work needed for creating domestically issued carbon offsets from forestry projects. 

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Laos prepares for access to international carbon market

Published 07:51 on October 3, 2024  /  Last updated at 07:51 on October 3, 2024  / /  Asia Pacific, Other APAC, Paris Article 6, Voluntary

Heavily forested Laos has issued a decree to “define principles” around cooperation in multilateral carbon market projects, a state-run newspaper said Thursday.

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