COP29: Reactions to the new Baku Finance Goal, Article 6 deal
Here are selected party, stakeholder, and expert reactions to the New Collective Quantified Goal on climate finance (NCQG), dubbed the Baku Finance Goal, as well as the agreement on Article 6 reached at the COP29 climate summit, which wrapped up early Sunday.
Read MoreCOP29: Fiji unveils carbon market strategy roadmap
Fiji’s government on Thursday published its National Carbon Market Strategy Roadmap, which lays out key considerations and next steps to develop emissions reduction projects in the country using market-based mechanisms.
Read MoreWestern Australia releases CCUS action plan, allocates $17 mln for two major projects
Western Australia on Thursday announced the state’s inaugural action plan for carbon capture, utilisation, and storage (CCUS), pledging to spend A$26 million ($17 mln) towards two CCUS projects.
Read MoreAustralia releases updated environmental plantings method
Australia on Wednesday released the updated method for generating carbon credits from environmental plantings, replacing the previous version that expired in September.
Read MoreCOP29: BRIEFING – Decision on COP31 host likely to be delayed, as Australia continues push
The decision on whether to host COP31 in Turkiye or Australia has reached an “impasse”, according to observers, as both countries continue to promote themselves as prospective hosts for the 2026 annual UN climate summit.
Read MoreAustralia reviews carbon offset auditing mechanism
Australia’s Clean Energy Regulator has launched a consultation process for a new carbon offset project auditing mechanism, including the option to ease auditing requirements for small projects.
Read MoreAustralian oil major sets 2040 carbon storage target
Oil and gas major Santos has set a target to build and operate a commercial carbon storage business that would permanently store around 14 million tonnes of third-party CO2 per year by 2040.
Read MoreAustralia Market Roundup: Some 800K ACCUs issued as spot price continues to climb
Spot market Australian Carbon Credit Unit (ACCU) prices surged on Monday, as the Clean Energy Regulator issued some 800,000 units.
Read MoreAU Market: ACCU price hits A$42 amid accelerating demand, supply concerns
Australian Carbon Credit Unit (ACCU) prices on the secondary market have surged to A$42 ($26.55), as buying activity continues to ramp up by facilities covered under the Safeguard Mechanism ahead of the March deadline.
Read MoreAustralia to extend wastewater ACCU method
Australia this week launched a consultation on extending by five years the crediting period for non-biomethane wastewater projects, which had been set to expire in March next year.
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