Australia’s CEFC, Rabobank commits A$200 mln to environmental plantings project developers
The Clean Energy Finance Corporation (CEFC) has announced a programme with Rabobank Australia to commit A$200 million ($124 mln) to help reduce upfront costs of environmental plantings carbon projects in the country.
Read MoreBlue hydrogen too costly to make green steel -report
Using blue hydrogen in new forms of lower-emissions steelmaking instead of green will not have the same level of environmental benefits and will ultimately cost more money, according to a report released this week.
Read MoreAustralia announces A$2 bln green aluminium production credit scheme
Australia is putting A$2 billion ($1.24 bln) behind a green aluminium industry that will use clean energy rather than coal in the production process, offering credits to smelters under a 10-year plan.
Read MoreAnalysts predict big 2025 ramp-up for CCUS
The world looks close to adding 20% new carbon capture utilisation and storage (CCUS) capacity in 2025, a leading energy consultancy said this week, calling it the “largest annual increase to date”.
Read MoreNew Forests closes A$600 mln Australian, NZ landscape and forestry fund
Global forestry investment manager New Forests has announced the final close of its fund focussing on Australian and New Zealand forestry and landscapes, successfully raising A$600 million ($372 mln).
Read MoreAustralian voluntary carbon credit cancellations sink in 2024
Voluntary cancellations of Kyoto-era carbon credits in Australia’s national accounts fell by around 45% in 2024, according to recently published data from the Clean Energy Regulator (CER).
Read MoreGlut of Safeguard Mechanism Credits forces Macquarie to cut ACCU price outlook by 10%
The larger than expected supply of Safeguard Mechanism Credits (SMC) has led to Macquarie lowering its long-term price forecast for Australian Carbon Credit Units (ACCUs) by 10%.
Read MoreWestern Australia awards $21mln to three decarbonisation projects
Three clean energy projects will receive a multi-million-dollar funding boost from the government of Western Australia, according to an official announcement.
Read MoreAustralian researchers spell out the staggering cost of biodiversity protection
The cost of restoring all of Australia’s degraded flora and fauna as well as protecting its biodiversity would be a quarter of the nation’s gross domestic product (GDP) of 2022, a complex suite of calculations from a leading university has found.
Read MoreAU Market: ACCU prices soften despite strong traded volumes as election campaign kicks off
Australian Carbon Credit Unit (ACCU) prices have dropped lower over the past week amid healthy volumes, but volatility and potential upticks could be on the horizon.
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