INTERVIEW: How to make carbon pricing multilateral, step by step
Multilateral carbon pricing schemes can be more effective in tackling carbon leakage and ensuring fair trade than unilateral measures — but they need to be phased in slowly, starting with common standards for pricing and reporting, according to an expert at the World Economic Forum (WEF).
Read MoreSantos pushes part of net-zero target back by a decade
Australia’s Santos has pushed back the net-zero target date for its Scope 2 emissions by a decade to 2050, while the 2040 date remains in place for its net equity share of Scope 1 emissions, its Climate Transition Action Plan (CTAP) released Wednesday showed.
Read MoreINTERVIEW: ACCU futures interest grows despite slow start, CME executive says
Behind-the-scenes work is underway by entities looking to use futures contracts in Australia’s carbon market as demand is expected to grow, despite the current lack of liquidity, according to the head of one such futures exchange.
Read MoreVoluntary biodiversity credit sales hit $5.6 mln, report estimates
Sales of voluntary biodiversity credits have hit almost $5.6 million globally, with Oceanian projects dominating the transactions, according to analysts.
Read MoreINTERVIEW: Canadian CDR player makes push into Australian mining heartland
A Canadian carbon dioxide removal (CDR) firm has announced a wide-scale push into Australia’s mining heartland with two partnerships with local miners and an $8 million boost from two venture capital firms to further its tech, and a separate partnership with the Climate Recovery Institute.
Read MoreAU Market: Fourth pilot exit results highlight longer-term supply fears
The results of the fourth pilot exit window released Friday sent Australian Carbon Credit Units (ACCUs) prices higher, with participants noting it underlines longer-term supply concerns in the market stemming from underperforming carbon abatement contracts (CACs).
Read MoreAustralian startups partner to advance AI, eDNA-powered biodiversity monitoring
Two Australian environmental startups have teamed up to scale artificial intelligence (AI) and environmental DNA-powered biodiversity monitoring, aiming to support nature markets and reporting frameworks, they said in a joint release on Friday.
Read MoreDelayed ACCU issuances see fourth exit pilot window slump, prices jump
The volume of Australian Carbon Credit Units (ACCUs) exiting and being delivered during the fourth pilot window is far lower than previously predicted, according to results published by the Clean Energy Regulator (CER) Friday, with more than half being rescheduled.
Read MoreAustralia should find ways to better link carbon, biodiversity outcomes, report says
A report published Friday by industry and regional advocacy groups in Australia urged the government incentivise dual carbon and biodiversity outcomes through new frameworks, funding, and requirements.
Read MorePaper highlights gap between nature finance literature focus and actual contributions
The frequency of mentions of some nature finance tools in non-academic literature is inconsistent with their actual capital contributions, a preprint paper has said.
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