ERAC closes first interim process for ACCU method ideas
Australia’s Emissions Reduction Assurance Committee (ERAC) has wrapped up its first expression of interest (EOI) period seeking new methods to generate Australian Carbon Credit Units (ACCUs), with 43 method ideas put forward by stakeholders.
Read MoreXpansiv partners with environmental exchange to expand voluntary market presence in Japan
Market infrastructure provider Xpansiv has teamed up with an environmental commodities exchange to provide Japanese companies with access to the global voluntary carbon market, it announced Friday.
Read MoreAustralian Safeguard facilities awarded A$91 mln to reduce emissions
Heavy industrial facilities covered under Australia’s Safeguard Mechanism have been granted A$91 million ($61 mln) by the federal government to install new equipment to reduce carbon emissions.
Read MoreAustralia Market Roundup: Senate report calls on govts to consider CCS bans to protect Great Artesian Basin
An Australian senate committee looking into a carbon capture and storage (CCS) project has recommended state and territory governments ban similar developments in order to protect the Great Artesian Basin (GAB).
Read MoreMalaysia in talks with neighbours to establish CCUS trading agreements
Malaysia is discussing bilateral agreements with countries in the region to establish itself as a carbon capture, utilisation, and storage (CCUS) hub, while creating rules, regulations, and incentives to attract project developers, an official told a conference Wednesday.
Read MoreAustralia puts 8 mln hectares of land, sea under Indigenous protection
Australia on Wednesday announced it will establish 12 new Indigenous Protected Areas (IPAs), spanning 7.5 million hectares of land and 450,000 ha of sea.
Read MoreAustralia CCS will struggle to scale without bipartisan political support, conference hears
Australia’s carbon capture and storage (CCS) industry will struggle to scale and be part of achieving the country’s climate goals without further political support, an expert told a conference Wednesday.
Read MoreCarbon price must rise to underpin CCS projects in Australia, investment bank says
An executive from a major investment bank has said Australia’s carbon price will have to rise before it commits to investing in CCS projects in the region, arguing it cannot rely on government subsidies.
Read MoreCCS value chain hopefuls list litany of challenges to overcome
Industrial and oil and gas heavyweights have highlighted the long list of challenges that need to be figured out if their aspirations of establishing CCS value chains in Asia are to become a reality.
Read MoreAustralian DAC startup raises A$10 mln
An Australian carbon removal tech startup has raised A$10 million ($6.7 mln) in seed funding as it gears up to meet its target of capturing 1 billion tonnes of CO2 per year by 2032.
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