Australia spends on new tech to reduce ‘hard-to-abate’ emissions, cement the winner
Australia on Tuesday announced A$65 million ($43 mln) in new spending on seven projects to support smaller, more nascent carbon capture, storage, and utilisation projects across the nation, with a focus on technologies to reduce emissions from the cement manufacturing process.
Read MoreBRIEFING: ASX Environmental Futures contracts will be a tale of two credit types, carbon market participants say
The Australian Securities Exchange (ASX) is set to launch futures contracts for the Australian and New Zealand carbon markets later this month, however participants say the level of participation and interest will vary considerably between the two jurisdictions.
Read MoreMiners want coal to make steel, money men think otherwise -report
Investors believe steel can be made cleanly and are willing to spend on it, whilst also being increasingly sceptical about the long-term financial viability of the metallurgical coal used to make the vast majority of steel, an Australian activist investor group said Friday in a report based on a survey of 500 respondents from 34 nations with cumulative billions of dollars under management.
Read MoreUS CO2 utilisation firm raises $18 mln in Series A funding
A California-based biotech firm that utilises captured CO2 for protein production announced this week it has raised $18 million in Series A financing.
Read MoreAU Market: HIR ACCUs lose market share as sellers wait for better prices, Safeguard demand
There has been a significant decline in the proportion of human-induced regeneration (HIR) ACCUs transacted in the Australia’s brokered carbon market, according to recent data.
Read MoreBig ag uses distract, delay, and derail tactics to avoid climate action, undermine emissions impact -think tank
The world’s 22 largest meat and dairy corporations are masters of distraction and denial when it comes to tackling their climate footprint, with a heavy reliance on offsets to meet net zero plans and efforts to block emissions regulation, alongside downplaying methane’s true climate impact, according to a new report.
Read MoreAustralia’s Fortescue abandons hydrogen target, pivots to clean electricity
One of Australia’s most ambitious hydrogen developers has all but abandoned its plans for the green fuel, it said Wednesday, which the firm had once suggested could rival the scale of Saudi Aramco’s oil output.
Read MoreAustralia’s New South Wales announces overhaul to state’s biodiversity offsetting scheme
The New South Wales government has announced major reforms to its biodiversity conservation laws in response to the recent Henry review, including reforming the state’s nature offsets scheme.
Read MoreAustralia eyes 2025 start for Guarantee of Origin scheme
Australia is seeking to put legislation in place in time for a late 2025 start for its Guarantee of Origin (GO) scheme, the government said Tuesday.
Read MoreFossil fuel funding falling from Australian banks, but not fast enough -report
Australia’s banks are still funding fossil fuel projects and their developers at a rate inconsistent with Paris climate targets and their own net zero timelines, a report released Tuesday by activist shareholder group Market Forces said.
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