BHP, Indian steel giant sign MoU for new ways to make commodity more cleanly

Published 07:17 on October 8, 2024  /  Last updated at 07:17 on October 8, 2024  / /  Asia Pacific, Australia, Other APAC

The world’s largest miner, BHP, is partnering with a steelmaker to start addressing its iron ore Scope 3 emissions, it announced Tuesday. 

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Australia expands ocean protection as first Global Nature Positive Summit kicks off

Published 02:34 on October 8, 2024  /  Last updated at 14:03 on October 8, 2024  / /  Asia Pacific, Australia, Biodiversity

The Australian government has expanded its protected waters, now protecting more marine areas than any other nation on Earth, it said as it hosts the first Global Nature Positive Summit in Sydney.

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Australian energy firm partners with Japanese government agency to manage methane emissions

Published 08:29 on October 7, 2024  /  Last updated at 08:29 on October 7, 2024  / /  Asia Pacific, Australia, Japan

An Australia-headquartered energy firm has teamed up with a Japanese government affiliate to collaborate on improving methane emissions management with new technology.

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AU Market: ACCU price retreats after bumper September

Published 07:16 on October 7, 2024  /  Last updated at 07:16 on October 7, 2024  / /  Asia Pacific, Australia

The price of Australian Carbon Credit Units (ACCUs) has reversed the gains it made last month which saw a record 4.1 million units traded, according to analysis.

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Australia has done nothing to reverse nature-harming govt subsidies, report finds

Published 05:56 on October 7, 2024  /  Last updated at 05:56 on October 7, 2024  / /  Asia Pacific, Australia, Biodiversity

Australia spends around 50 times more on subsidising activities that harm the environment than it spends on helping it, according to a first-of-its kind report examining government payments published Monday.

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Western Australian govt announces first nature tech accelerator cohort

Published 11:20 on October 4, 2024  /  Last updated at 11:20 on October 4, 2024  / /  Asia Pacific, Australia, Biodiversity

The government of Western Australia announced Friday the first cohort of six early-stage nature tech startups that will receive seed capital and expert support to scale their businesses under a newly launched accelerator programme.

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Nature-positive insurance practices gain traction, but faster integration needed, report says

Published 08:46 on October 4, 2024  /  Last updated at 08:46 on October 4, 2024  / /  Asia Pacific, Australia, Biodiversity

The concept of nature-positive insurance is building momentum in Australia as a way to address insurability challenges, but work must be done more quickly to integrate these practices more broadly, a report published Friday urged.

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Australian carbon, biodiversity offset developer raising capital for Queensland assets

Published 03:35 on October 4, 2024  /  Last updated at 03:35 on October 4, 2024  / /  Asia Pacific, Australia

An Australian investment manager is raising A$6.6 million ($4.5 mln) for a fund that purchases agricultural land for carbon and biodiversity offset projects.

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Global climate fund to invest up to $1 bln to decarbonise industry sectors in developing countries

Published 01:18 on October 4, 2024  /  Last updated at 01:18 on October 4, 2024  / /  Africa, Americas, Asia Pacific, Australia, EMEA

One of the largest climate funds in the world announced on Thursday that it would invest up to $1 billion in technologies that reduce emissions from the industrial sector in developing countries.

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Australia Market Roundup: Energy company dumps hydrogen project, Woodside registers another ACCU project

Published 07:34 on October 3, 2024  /  Last updated at 04:35 on October 4, 2024  / /  Asia Pacific, Australia

Australian energy gentailer Origin announced on Thursday it would shelve a hydrogen development project due to a lack of certainty, while Woodside Energy continues to register new carbon credit projects.

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