Australian micro oiler wins first CCS permit in latest acreage round
Australia has handed out the first offshore carbon capture and storage (CCS) permit from last year’s large acreage round to a Western Australia-based minnow hoping to use end-of-life oil fields it has a share in to develop an ambitious CCS and ammonia project.
Read MoreMiner and maritime heavyweight ink MoU for clean shipping
Australia’s Fortescue, an iron ore giant with a sideline in clean energy, has signed a non-binding agreement with a shipping company to collaborate on decarbonising the sector.
Read MoreAustralian Market Roundup: Mining giant loses climate advisor over “hypocrisy”
The Australasian Centre for Corporate Responsibility (ACCR) has pulled out of its advisory role with Australian mining giant Rio Tinto after just a year, with the activist shareholder group saying Tuesday it was the result of revelations Rio “engaged in negative advocacy that undermines a public commitment to an enhanced approach to climate advocacy”.
Read MoreBroker-backed Perth firm teams with Traditional Owners for carbon-biodiversity credit play of “national significance”
A Perth-headquartered company has partnered with a Traditional Owners group in Western Australia’s Goldfields region for a project over a huge tract of land it says will generate premium-priced carbon credits with major biodiversity benefits.
Read MoreACCU, NZU futures trade subdued on bourse debut
The first day of trade for Australian and New Zealand futures contracts on the ASX closed quietly with 1,000 units traded, but prices not given.
Read MoreAustralia issues tender to develop first methodologies under Nature Repair Market
The Australian government has issued a call for partners to help develop a pipeline of methods to make projects eligible for earning credits under the Nature Repair Market (NRM), with A$3 million ($2 mln) available in funding during FY2024-25.
Read MoreAustralian startup releases guidance on biodiversity metrics to enhance corporate disclosures
An Australian-based biodiversity intelligence startup has developed a model incorporating global and local metrics to assess ecosystem and species health, seeking to enhance data comparability and steer companies in nature-related disclosures.
Read MoreXpansiv’s ICVCM CCP contracts trade 37,606 tonnes on debut
Xpansiv launched trading of standardised Global Emissions Offset (GEO) contracts on its CBL spot exchange on Monday with 37,606 tonnes trading via the contracts, which are aligned with the Integrity Council for the Voluntary Carbon Market’s (ICVCM) Core Carbon Principles (CCP).
Read MoreAustralia could fix landscapes with just 0.3% of GDP in funding -scientists
Australia could mend much of its degraded landscapes by directing A$7.3 billion ($4.8 bln) in funding per year, equivalent to 0.3% of GDP, a group of scientists said in ‘first-of-its-kind’ in-depth investment analysis on Wednesday.
Read MoreAustralian soil carbon developer announces pivot as it girds for board fight at AGM
An Australian soil carbon developer has finalised the date of its annual general meeting where it will ask shareholders to vote on removal of a director a day after it outlined a strategy to partner on soil carbon rather than go solo, and gave a firm date for the startup of its Philippines operations.
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