Japanese power giant joins Australian CCS hopeful, government hands out more permits
Carbon capture and storage work is ramping up in Australia as one project proponent handed two offshore permits last week on Wednesday announced another partnership with a Japanese giant, and the federal government handed out three new offshore permits.
Read MoreCCS project pipeline ramping up globally, but a lot more cash needed -report
In order to meet announced targets, the global carbon capture, utilisation, and storage (CCUS) industry will need $160 billion in investment by the end of this decade, with Europe and China leading the storage race.
Read MoreAPAC countries must integrate carbon markets to secure better carbon pricing -report
Countries in the Asia Pacific should develop an integrated market such as the European Union’s emissions trading system (ETS) and synergise different types of carbon markets in the region to create effective carbon price signals, a report released this week suggested.
Read MoreCambodia-focused gold miner joins government-run nature-based solutions project
An Australia-headquartered junior gold miner has launched what it calls its “first major offset initiative” in the north of Cambodia, several hundred kilometres west of its flagship mine.
Read MoreAustralian gas giant bets on CBAM giving new green ammonia plant price advantage
Australia’s Woodside Energy has made a surprise $2 billion investment in a Texan clean ammonia plant, hoping the EU’s Carbon Border Adjustment Mechanism (CBAM) and contracts-for-difference schemes in Asia will help it command a premium on the market.
Read MoreAustralian investor eyes nature-based projects as “infrastructure-like” asset class
An Australian carbon credit developer with a focus on nature-based solutions has been quietly putting together a pipeline of over 10 projects worth a combined A$50 million ($32.3 mln) with four developers, saying it is approaching the sector in a similar way as traditional infrastructure programmes to ensure finance is scalable as demand grows.
Read MoreEnvironmental watchdog slams proposed Australian gas development
The environmental authority in Western Australia has recommended that one of the nation’s largest gas discoveries remain undeveloped as it would threaten turtles, whales, and a reef.
Read MoreLand-based activities harming Great Barrier Reef water quality, major study finds
The pollution load in Australia’s Great Barrier Reef has increased following the impacts of land-based activities and climate change, a scientific study involving over 200 experts found on Thursday.
Read MoreAustralian startup with Japanese CCS project pipeline secures govt permit
A startup holding several CCS MoUs with Japanese companies has been awarded two offshore greenhouse gas storage permits by the Australian government after being approved for work programmes worth over A$270 million ($176 mln).
Read MoreActive forest management should earn ACCUs too, forest lobby group argues
An Australian forestry industry lobby group is urging Australia to expand forest-related carbon crediting, it said this week via a proposal to Canberra to include them in the Australian Carbon Credit Unit (ACCU) scheme.
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