UPDATE- Australian environmental groups blast legislation carve-out for Tasmanian salmon industry
Australia’s Labor government has faced sharp criticism for a new bill introduced to parliament to protect Tasmania’s salmon farming industry at what environmental groups say will lead to the extinction of a rare and endangered ray, and the ability to challenge prior approvals.
Read MoreNew Forests partners with Japanese papermaker to build new forestry fund
Global forestry investment manager New Forests has partnered with one of Japan’s largest paper and pulp producers to establish a fund dedicated to forest investments.
Read MoreAustralian budget commits A$4.3 bln in new net zero spending
Australia on Tuesday announced A$4.3 billion ($2.7 bln) in new spending to reach net zero emissions, but attracted criticism from environmental groups for lack of new funding to protect nature.
Read MoreCSIRO study finds high degree of variability in carbon stocks after grazing exclusion
A CSIRO study published this week has found it is difficult to predict whether excluding grazing livestock can reliably boost carbon stocks in woody vegetation, raising further questions over Australia’s human-induced regeneration (HIR) carbon credit method.
Read MoreTransparency gaps in carbon removal, forestry raise doubts over 2050 net zero targets -report
A lack of transparency in national climate strategies, particularly around the role of engineered carbon removal (CDR) and land-use, land-use change, and forestry (LULUCF), is raising doubts over the credibility of 2050 net zero targets, according to a report released over the weekend.
Read MoreGhana initiative aims to mobilise $25 bln for carbon, biodiversity projects
A new public-private partnership in Ghana is set to mobilise $25 billion of climate finance to restore degraded land and waterways, while generating hundreds of millions of investment-grade carbon and biodiversity credits, the partners announced on Monday.
Read MoreIUCN trials restoration metric at landscape scale with mining company
The International Union for Conservation of Nature (IUCN) is planning to pilot the use of its nature restoration metric at landscape scale in a collaboration with Australia-headquartered mining company Fortescue.
Read MoreAustralian Coalition would weaken, not scrap Safeguard Mechanism -media
Australia’s opposition Coalition would seek to weaken the Safeguard Mechanism, but not scrap it altogether, local media reported Monday, however little details were revealed beyond that.
Read MoreBRIEFING: The little-known rule that gives Australia’s carbon market oversight body real teeth
Australia’s Emissions Reduction Assurance Committee (ERAC) late last year invoked a rule it has never used before which could have significant implications for the four methodologies it is currently reviewing.
Read MoreLDC expands carbon project portfolio in decarbonisation push
Commodity merchant Louis Dreyfus Company (LDC) has broadened its carbon project portfolio as part of a growing push to decarbonise its operations and supply chains, according to its 2024 Integrated Report.
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