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Australia

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.

COP27: Roundup for Day 3 – Nov. 9

Published 22:38 on November 9, 2022 / Last updated at 23:20 on November 9, 2022 / Mark Tilly / 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 Wednesday – Finance Day – at COP27 in Sharm el-Sheikh, and Carbon Pulse will keep you updated with developments throughout the day. Timestamps in local time (EEST, GMT+2).

ANALYSIS – COP27: US climate envoy’s carbon market concept battles three thorny issues

Published 20:33 on November 9, 2022 / Last updated at 23:09 on November 9, 2022 / Katherine Monahan / Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, US, Voluntary

A new global carbon market concept pushed by the US on Wednesday is bracing to battle at least three thorny issues that have plagued carbon credit markets in the voluntary space over the years, including their use towards net zero targets, preventing carbon leakage, and benefiting the most vulnerable.

COP27: Oil and gas GHG emissions much higher than claimed, finds report

Published 17:37 on November 9, 2022 / Last updated at 17:37 on November 9, 2022 / Paddy Gourlay / Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, South & Central, South Korea, Switzerland, US

Many oil and gas facilities around the world are emitting three times more greenhouse gases (GHG) than claimed, a new report states.

Open source platform shows forestry data for every country in the world

Published 15:44 on November 9, 2022 / Last updated at 21:13 on September 14, 2023 / Paddy Gourlay / Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, US, Voluntary

A platform showing forestry data across every country and jurisdiction in the world, including degradation levels, was launched at COP27 in Sharm el-Sheikh on Tuesday.

EEX looks to market sovereign REDD.plus credits after Xpansiv departed

Published 14:48 on November 9, 2022 / Last updated at 14:37 on November 29, 2022 / Paddy Gourlay / Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, UK ETS, US, Voluntary

German-based exchange EEX looks set to fill the gap left by Xpansiv last month after the latter dropped plans to host carbon units from sovereign forestry conservation platform REDD.plus.

COP27: Roundup for Day 2 – Nov. 8

Published 23:18 on November 8, 2022 / Last updated at 12:29 on November 9, 2022 / Stian Reklev / Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, CBAM, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, Shipping, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary

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

Bank exec joins Australian fund managers to help lead carbon fund launch

Published 17:27 on November 8, 2022 / Last updated at 17:27 on November 8, 2022 / Asia Pacific, Australia, Bavardage, International, Voluntary

A senior investment banking executive has joined an Australian fund management company to help launch a new carbon credit fund.

Australia Market Roundup: Total ACCU issuance passes 120-mln mark, as Australia gets involved in forests, shipping at COP

Published 08:10 on November 8, 2022 / Last updated at 08:10 on November 8, 2022 / Stian Reklev / Asia Pacific, Australia

The total number of Australian Carbon Credit Units (ACCUs) issues has now surpassed 120 million despite consistent criticism over some methodologies, while the Labor government has signed up to international forestry and shipping climate initiatives at COP27 in Egypt.

Scope 3 emissions may soon be mandatory under global environmental disclosure platform

Published 08:00 on November 8, 2022 / Last updated at 21:10 on November 7, 2022 / Katherine Monahan / Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US

The most widely used climate-related disclosure platform said on Tuesday that it will apply an upcoming international standard to its reporting requirements, including Scope 1-3 emissions reporting and carbon offset use by corporates.