2023 hailed as a possible turning point for clean power, as renewables surpass 30% of global generation
Solar and wind growth has propelled the world past 30% renewable electricity for the first time in 2023, marking a turning point in the shift away from fossil fuel power, according to a review of country-level data published on Wednesday.
Read MoreAustralian watchdog to update regulatory guidance for carbon market participants
The Australian Securities and Investment Commission (ASIC) is consulting on updates to its regulatory guidance for carbon market participants in relation to financial services licensing requirements, it announced Monday.
Read MoreVCM Report: Bad headlines abound, but voluntary carbon prices little changed
Headlines in the trade press about the troubles of Rimba Raya in Indonesia were over-shadowed last week by a BBC investigative programme that exposed many criticisms of individual REDD projects to the general public, while also questioning the efficacy of voluntary efforts in general to the net zero cause, though prices saw little change.
Read MoreHIR projects under new integrated farm method could see their ACCU issuance cut in half -analysis
Existing human-induced regeneration (HIR) carbon projects that get folded into Australia’s integrated farm land management (IFLM) method could see their credit issuance halved due to more stringent requirements, analysis has warned.
Read MoreAustralia Market Roundup: Novel hydrogen company signs project development agreement in Canada, ACCU spread returns
An Australian hydrogen company has signed a binding agreement to build a commercial scale production facility in Canada, as the spread between spot generic and human-induced regeneration (HIR) credits returns.
Read MoreBRIEFING: Packed election year risks silencing discussions on climate, say former UN leaders
Two former UN leaders highlighted the world risks losing sight of the urgency to tackle climate change over this packed election year, with conflicts and short-termism taking political priority, during an event in London on Friday.
Read MoreGreen steel dreams could cut 220 Mt of CO2 per year, Australian miner says
One of the world’s largest iron ore producers has plans to send 100 million tonnes of green iron to China, using vast amounts of clean hydrogen created in the Australian desert, and says it will ultimately cut 220 million tonnes in CO2 emissions per year in the process.
Read MoreAustralia puts forward options to overhaul landfill gas ACCU method
The Australian government has put forward options to rework the landfill gas carbon credit methodology, proposing to increase current baselines marginally and gradually raising them on an annual basis, according to a consultation.
Read MoreArticle 6 Supervisory Body agrees on grievance mechanism procedure in “significant” milestone
The body mandated to shape UN carbon crediting under Article 6 has adopted procedures relating to grievances, notably getting rid of fees for those wanting to make complaints, in what observers have welcomed as a “significant” milestone.
Read MoreEU green steel scale-up is stymied by higher cost of materials, study finds
Inflation behind sustainable supply chains is threatening the economic viability of producing green steel in Europe, requiring far higher taxes or incentives to drive the shift from grey steel, or more imports of iron ore, according to research published on Thursday.
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