Australian steel company invests in low-carbon mill

Published 12:11 on December 10, 2024  /  Last updated at 13:18 on December 10, 2024  / /  Asia Pacific, Australia

Australia is set to get a new, low-carbon steel mill in Queensland built by one of the nation’s largest steel suppliers, who buys from local and international sources.

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Australia consults on sunsetting unused ACCU methods

Published 05:31 on December 10, 2024  /  Last updated at 05:31 on December 10, 2024  / /  Asia Pacific, Australia

The Australian government is seeking feedback on how carbon credit methodologies that have not been taken up should be retired.

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Australia’s green iron opportunity could cut its entire emissions footprint -report

Published 13:14 on December 9, 2024  /  Last updated at 13:14 on December 9, 2024  / /  Asia Pacific, Australia

One of Australia’s biggest resource powerhouses could export billions of dollars worth of green iron by the beginning of the next decade and A$170 bln ($109 bln) by 2050 while saving emissions bigger than the entirety of Australia’s annual carbon output, a report said Monday.

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NSW EPA to increase transparency on coal mine emissions

Published 05:29 on December 9, 2024  /  Last updated at 05:29 on December 9, 2024  / /  Asia Pacific, Australia

The New South Wales Environmental Protection Agency (EPA) is looking to strengthen GHG emissions regulations at its coal mines, based on feedback on how licences are governed.

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Australia commits A$165 mln to APAC energy transition investments

Published 05:27 on December 6, 2024  /  Last updated at 05:27 on December 6, 2024  / /  Asia Pacific, Australia, Other APAC

Australia has committed to spend A$165 million ($106 mln) through various initiatives towards domestic and regional decarbonisation technology initiatives, including critical minerals, hydrogen, and renewable energy.

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Rio Tinto calls for global carbon pricing to encourage investments in hard-to-abate sectors

Published 02:28 on December 6, 2024  /  Last updated at 02:28 on December 6, 2024  / /  Americas, Asia Pacific, Australia, Canada

The world will need to embrace fundamental demand drivers, such as more entrenched carbon pricing, in order to drive decarbonisation of hard-to-abate mineral processing work and encourage buyers’ willingness to pay a green premium, global miner Rio Tinto told shareholders Thursday.

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AU Market: ACCU price claws back after week of volatility

Published 07:35 on December 5, 2024  /  Last updated at 07:35 on December 5, 2024  / /  Asia Pacific, Australia

Australian Carbon Credit Unit (ACCU) prices recouped some of their recent losses Thursday after a bout of severe volatility earlier in the week that had seen units trade as low as A$37 ($23.82).

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Regional gas lobby releases legal recommendations on cross-border CCS projects

Published 05:30 on December 5, 2024  /  Last updated at 05:30 on December 5, 2024  / /  Asia Pacific, Australia, Japan, Other APAC, South Korea

An industry coalition of energy majors has released a set of recommendations for cross-border carbon capture and storage (CCS) projects in the Asia Pacific, in order to provide the necessary legal clarity in the absence of international regulations.

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Australian outfit finds biodiversity credit demand in carbon partnership

Published 09:58 on December 4, 2024  /  Last updated at 09:58 on December 4, 2024  /  Asia Pacific, Australia, Biodiversity, New Zealand, Voluntary

An Australian project developer has sold 70,000 biodiversity credits over the past three months after striking a partnership with a carbon credit supplier to combine offerings.

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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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