CCS value chain hopefuls list litany of challenges to overcome

Published 06:29 on July 9, 2024  /  Last updated at 06:29 on July 9, 2024  / /  Asia Pacific, Australia, China, International, Japan, Other APAC, South Korea

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.  

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Australian DAC startup raises A$10 mln

Published 04:39 on July 9, 2024  /  Last updated at 04:39 on July 9, 2024  /  Asia Pacific, Australia, International, Voluntary

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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BRIEFING: Japan using glut of gas to spread influence in Southeast Asia at expense of climate, critics say

Published 06:39 on July 8, 2024  /  Last updated at 06:39 on July 8, 2024  / /  Asia Pacific, Australia, China, Japan, Other APAC, South Korea

Japan is using its excess volumes of LNG to shape, and in many ways slow down, the energy transition in Southeast Asia, by financing gas infrastructure abroad and promoting transboundary CO2 markets as a decarbonisation solution that critics say is yet-to-be-proven and unrealistic. 

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Australian carbon aggregator, project developer lays off staff

Published 05:51 on July 8, 2024  /  Last updated at 05:51 on July 8, 2024  / /  Asia Pacific, Australia, Bavardage, Voluntary

An Australian carbon credit provider has gone through a round of redundancies as part of an organisational restructure, Carbon Pulse has learned.

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Australia confirms GHG reporting rule changes that think tank says could cover up millions of tonnes of coal mine emissions

Published 09:12 on July 4, 2024  /  Last updated at 13:12 on July 4, 2024  / /  Asia Pacific, Australia

Australia has announced updates to national greenhouse gas reporting rules that a climate think tank warns will let coal companies dramatically under-report their emissions and undeservedly be issued Safeguard Mechanism Credits (SMCs).

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Australian govt introduces Future Made, beefed up ARENA legislation to parliament  

Published 09:52 on July 3, 2024  /  Last updated at 09:52 on July 3, 2024  / /  Asia Pacific, Australia

The federal government introduced its Future Made in Australia legislation to parliament Wednesday, designed in part to unlock some A$22.7 billion ($15.1 bln) in public funding over the next decade to drive investment into industries that will transition the country to net zero emissions and, the government hopes, turn it into a renewable energy superpower.

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Survey of Australian biodiversity offset sites finds 30% in worse condition than before

Published 06:16 on July 3, 2024  /  Last updated at 06:16 on July 3, 2024  / /  Asia Pacific, Australia, Biodiversity

A study commissioned by the Australian government on its biodiversity offset sites has found that 30% of the areas surveyed were in worse condition than before the projects started, and found missing, incomplete, and incorrect information in many of the projects’ documentation.

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Germany’s coal phaseout auction sets example for cost-effective early retirements, study finds

Published 17:01 on July 2, 2024  /  Last updated at 17:01 on July 2, 2024  / /  Asia Pacific, Australia, Carbon Taxes, EMEA, EU ETS

The results of the world’s first coal phaseout auction, carried out in Germany, suggest that it is a transparent and potentially cost-effective way to push fossil power plants into early retirement, according to research published on Tuesday.

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ACCU price forecast to hit A$42 by next year’s compliance deadline, as demand to structurally increase over time, outlook says

Published 15:01 on July 1, 2024  /  Last updated at 09:08 on July 1, 2024  / /  Asia Pacific, Australia

An outlook on Australia’s carbon market has forecast credit prices to rise above A$40 ($26.71) by the time the first surrender period under the reformed Safeguard Mechanism rolls around next year and that the scheme means demand will structurally increase as time goes on.

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Australian cookstove project developer raises $3.75 mln from investors

Published 09:47 on July 1, 2024  /  Last updated at 10:35 on July 1, 2024  / /  Africa, Asia Pacific, Australia, Bavardage, EMEA, Voluntary

A project developer that seeks to decarbonise cooking with the use of smart stoves has raised $3.75 million in its Series-A round.

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