Australia « Carbon Pulse

Australia

CP Daily: COP27 Midpoint Special

Published 23:28 on November 13, 2022 / Last updated at 23:36 on November 13, 2022 / Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Newsletters, Other APAC, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary

We’re halfway through COP27 and there’s been no shortage of news and announcements from this year’s UN climate talks in Sharm el-Sheikh. Below is a recast of the *44 articles* published by Carbon Pulse relating to the first week of the summit.

COP27: PNG minister signs deal with month-old royal-linked Dubai company to design nation’s carbon framework

Published 10:28 on November 13, 2022 / Last updated at 13:13 on November 18, 2022 / Mark Tilly / Asia Pacific, Australia, Climate Talks, Nature-based, Other APAC, Paris Article 6, Voluntary

The Papua New Guinea government will entrust its carbon regulation framework to a UAE-based company launched less than a month ago, according to media reports, adding to campaigner concerns that the number of actors involved in the heavily-forested nation’s climate policy was creating confusion.

COP27: Carbon market players exasperated over prospect of Article 6.4 grievance mechanism, as parties “far apart” on issues

Published 10:22 on November 13, 2022 / Last updated at 05:26 on November 14, 2022 / Mark Tilly / Africa, Americas, Asia Pacific, Australia, China, EMEA, Japan, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, US, Voluntary

Carbon market players have raised long-running concerns about the prospect of a grievance mechanism being designed under Article 6.4 of the Paris Agreement at COP27 in Sharm el-Sheikh, as little progress was made by parties Saturday.

COP27: Roundup for Day 5 – Nov. 11

Published 23:03 on November 11, 2022 / Last updated at 01:42 on November 12, 2022 / Mark Tilly / Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, International, Japan, Mexico, Middle East, New Zealand, Paris Article 6, South Korea, Switzerland, US, Voluntary

It’s Friday – Decarbonisation Day – at COP27 in Sharm el-Sheikh, and Carbon Pulse rounds up today’s other, related news from the summit. Timestamps in local time (EEST, GMT+2).

COP27: Roundup for Day 4 – Nov. 10

Published 23:09 on November 10, 2022 / Last updated at 06:03 on November 11, 2022 / Ben Garside / Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Mexico, New Zealand, Other APAC, Paris Article 6, South Korea, Switzerland, US, Voluntary

It’s Thursday – Science Day – at COP27 in Sharm el-Sheikh, and Carbon Pulse will keep you updated with related developments throughout the day. Timestamps in local time (EEST, GMT+2).

Verra struggling to clear bulging backload of new projects

Published 20:15 on November 10, 2022 / Last updated at 22:33 on November 10, 2022 / Paddy Gourlay / Africa, Americas, Asia Pacific, Australia, Canada, China

Verra is overhauling internal processes in a bid to clear an “unprecedented” surge of often poorly documented project requests that threatens to stifle the rapid expansion of the voluntary carbon market (VCM).

COP27: Offset project developer, investor ink Article 6.2 partnership with Senegalese company

Published 20:12 on November 10, 2022 / Last updated at 19:06 on May 30, 2023 / Matthew Lithgow / Africa, Asia Pacific, Australia, Climate Talks, EMEA, International

A global offset project developer and carbon market investor at COP27 on Thursday announced a memorandum with a Senegal government-backed company under Article 6.2 of the Paris Agreement, in what is billed as the world’s first private sector ‘ITMO’ partnership.

Rating agency slightly downgrades two hydro projects in India

Published 18:36 on November 10, 2022 / Last updated at 12:31 on November 11, 2022 / Paddy Gourlay / Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South & Central, South Korea, Switzerland, US, Voluntary

A rating agency has slightly downgraded its scores for two Verra-accredited hydropower projects in India, although both grades still give a moderate chance of achieving or removing a tonne of CO2 per credit.

COP27: Countries’ dash for gas will lead to supply, emissions overshoot -analysis

Published 11:22 on November 10, 2022 / Last updated at 11:22 on November 10, 2022 / Mark Tilly / Africa, Americas, Asia Pacific, Australia, Canada, Climate Talks, International, Japan

The energy crisis has overtaken the climate crisis, as emissions from new gas capacity now threatens the 1.5 C warming limit, according to analysis released Thursday, as the fossil fuel has wedged itself into multiple discussions during the COP27 conference.

Chevron partners with MOL to assess LCO2 transport from Singapore to Australia

Published 07:43 on November 10, 2022 / Last updated at 07:43 on November 10, 2022 / Peter Kiernan / Asia Pacific, Australia, Japan, Other APAC, Shipping

Chevron has signed a joint study agreement (JSA) with Japanese shipping company Mitsui OSK Lines (MOL) to assess the feasibility of transporting liquefied CO2 (LCO2) from Singapore to permanent storage locations in Australia, the US oil and gas major announced on Thursday.