Developer hands biodiversity crediting scheme to independent administrator

Published 01:00 on October 15, 2024  /  Last updated at 06:01 on October 15, 2024  / /  Asia Pacific, Australia, Biodiversity

Australia’s GreenCollar will hand its NaturePlus biodiversity crediting scheme to Accounting for Nature, in early 2025, for independent administration in a bid to enhance credibility and lay the foundations for market growth.

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LNG ship building outpaces gas demand, not compliant even with most conservative climate scenario, report says

Published 13:18 on October 14, 2024  /  Last updated at 13:18 on October 14, 2024  / /  Asia Pacific, Australia, International, Shipping, South Korea

The ‘golden age’ of gas and the expanding trade in LNG has led to a glut of carriers being built that is incompatible with even the most conservative climate outlook from the International Energy Agency, a think tank said Monday.

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Researchers release yet another study damning Australia’s human-induced regeneration carbon credits

Published 07:47 on October 11, 2024  /  Last updated at 07:47 on October 11, 2024  / /  Asia Pacific, Australia

Another peer-reviewed paper has found “extreme levels of non-compliance” in Australian human-induced regeneration (HIR) projects, despite the Clean Energy Regulator (CER) continuing to claim the carbon credit scheme is sound.

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Australia’s Clean Energy Regulator consults on ACCU registry, exchange

Published 05:31 on October 11, 2024  /  Last updated at 05:31 on October 11, 2024  / /  Asia Pacific, Australia

Australia’s Clean Energy Regulator has launched a consultation on its Australian Carbon Credit Unit (ACCU) registry and exchange currently in development.

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New carbon capture partnership to explore steelmaking decarbonisation in India

Published 15:20 on October 10, 2024  /  Last updated at 15:20 on October 10, 2024  / /  Asia Pacific, Australia, EMEA, Other APAC, Voluntary

A UK carbon capture firm will collaborate with an Indian steelmaker and a global mining company to speed up the deployment of carbon capture technology to decarbonise steel in India, it announced on Thursday.

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ANALYSIS: Australia’s environmental credibility contrasts good intentions, summit delegates say

Published 07:43 on October 10, 2024  /  Last updated at 07:43 on October 10, 2024  / /  Asia Pacific, Australia, Biodiversity

Attendees of Australia’s first Global Nature Positive Summit lauded the government for hosting the event, but the current political troubles it faces and lingering questions over how to incentivise private sector investment are not going away.

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Satellite data tool finds methane leaks could be higher than reported in Australia

Published 14:46 on October 9, 2024  /  Last updated at 14:46 on October 9, 2024  / /  Asia Pacific, Australia

Emissions from 20 methane leak hotspots could be twice the official number, according to a Canberra-based think tank that has examined the sites using a new satellite measuring tool offering granularity past the self reporting required of emitters under Australian law.

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BRIEFING: Australia’s draft plan of attack on feral cats a good step forward, but implementation and cash will be key  

Published 08:26 on October 9, 2024  /  Last updated at 08:38 on October 9, 2024  / /  Asia Pacific, Australia, Biodiversity

Australia is finalising an updated battle strategy for its war on feral cats, one of the biggest drivers of native mammal extinctions on the continent, but experts say how the plan is implemented and the funding behind it will be the key to victory.

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Australian climate tech VC firm raises A$100 mln in new round

Published 12:53 on October 8, 2024  /  Last updated at 12:53 on October 8, 2024  / /  Asia Pacific, Australia

An Australian climate tech company has raised A$100 million ($67 mln) from the nation’s oldest bank and its clean energy financier for investment into a range of decarbonisation areas, it said Tuesday.

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Proposed nature metrics need to be more rigorous, global nature summit hears

Published 08:39 on October 8, 2024  /  Last updated at 08:39 on October 8, 2024  / /  Asia Pacific, Australia, Biodiversity

A proposed biodiversity measuring metric initiative needs to factor in the interplay of climate change and proposed actions, rather than simply focusing on observing changes, an expert told the Global Nature Positive Summit in Sydney Tuesday.

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