INTERVIEW: Nascent methane certification market set for surge with new EU reporting rules

Published 16:02 on June 17, 2024  /  Last updated at 16:02 on June 17, 2024  / /  Africa, Americas, Asia Pacific, Australia, EMEA, International, Voluntary

New EU reporting requirements for imports of certain goods could soon fuel a small, nascent voluntary trading market for one potent climate-warming pollutant — methane — and help to clamp down on its emissions.

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Australia, China to resume climate change and energy dialogue, as critical minerals partnerships on the agenda

Published 07:32 on June 17, 2024  /  Last updated at 07:32 on June 17, 2024  / /  Asia Pacific, Australia, China

China and Australia have signed an updated Memorandum of Understanding (MoU) to cooperate more closely on climate change and energy, the two countries announced Monday.

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ANALYSIS: Australian NGOs urge govt to form clean energy partnerships with fossil fuel trading partners, but real-world challenges abound

Published 09:20 on June 14, 2024  /  Last updated at 09:20 on June 14, 2024  / /  Asia Pacific, Australia, Carbon Taxes, CBAM, China, Japan, South Korea

NGOs this week have said Australia should find ways to establish partnerships with its fossil fuel trading partners to build regional cooperation towards reducing greenhouse gas emissions, but while it has potential, experts have raised a litany of challenges that could stifle such ambitions. 

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High number of ACCU projects claiming for the first time, regulator data shows

Published 04:42 on June 14, 2024  /  Last updated at 04:42 on June 14, 2024  / /  Asia Pacific, Australia

Applications from projects looking to receive Australian Carbon Credit Units (ACCUs) totalled 4.3 million units at the end of the Q1, with many claiming for the first time, according to data published by the Clean Energy Regulator (CER) Friday.

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Australian telco announces move away from carbon credit use, increases emissions reduction targets

Published 01:21 on June 14, 2024  /  Last updated at 01:21 on June 14, 2024  / /  Asia Pacific, Australia, International, Voluntary

Australia’s largest telecom company Telstra announced Friday it will no longer purchase carbon credits, choosing instead direct investments to reduce its emissions footprint as well as increasing its Scope 1 and 2 emissions reduction targets.

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Australian govt publishes draft environmental plantings ACCU method

Published 04:34 on June 13, 2024  /  Last updated at 04:34 on June 13, 2024  / /  Asia Pacific, Australia

The Australian government on Thursday released a draft methodology for environmental plantings (EP) for consultation, outlining proposed changes to the existing method, which is set to expire in September.

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Top 20 fossil fuel countries need to ramp up transition in next Paris pledges -report

Published 01:01 on June 13, 2024  /  Last updated at 17:02 on June 11, 2024  / /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, Middle East, US

A third of the world’s 20 largest fossil fuel-producing countries made no mention of oil, gas, or coal in their last round of Paris Agreement pledges, while those that do mention it talk, explicitly or implicitly, about a continuation or increase in production, according to analysis published on Thursday.

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Australian, Japanese companies team up on biochar, soil health

Published 05:18 on June 12, 2024  /  Last updated at 05:18 on June 12, 2024  / /  Asia Pacific, Australia, International, Japan, Nature-based, Voluntary

An Australian biochar and carbon dioxide removal project developer has formed a partnership with a Japanese agri-tech firm to focus on scaling the global biochar market, they announced Wednesday.

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Academics find holes in Verra’s new consolidated voluntary carbon methodology for REDD+

Published 18:38 on June 11, 2024  /  Last updated at 19:30 on June 11, 2024  / /  Africa, Americas, Asia Pacific, Australia, EMEA, International, Nature-based, Voluntary

Verra’s consolidated methodology for REDD+ could still see voluntary carbon project developers use inside knowledge to cherry pick forests that are unlikely to be chopped down, because they have been overlooked in the jurisdictional maps used to assess the risk of deforestation, warns a new academic paper.

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Australian soil tech developer to undertake review of carbon business after “disappointing results”, CEO departure

Published 10:04 on June 11, 2024  /  Last updated at 10:04 on June 11, 2024  / /  Asia Pacific, Australia

An Australian soil carbon tech developer on Tuesday announced a complete review of its carbon business due to what it described as “disappointing results to date” and the departure of its managing director and CEO.

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