Repurposing offshore infrastructure to farm seaweed could yield massive emissions cuts -study

Published 22:07 on December 16, 2024  /  Last updated at 22:07 on December 16, 2024  /  Americas, Asia Pacific, Australia, EMEA, Nature-based, Other APAC, Voluntary

Repurposing offshore wind farms and decommissioned oil and gas platforms for seaweed farming could sequester millions of tonnes of CO2 per year, while using the vegetation to produce low-carbon alternatives for industries like food and materials could displace tens of millions more, according to a new study.

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Australian state offers A$3.2 mln cash for forest, soil carbon projects

Published 07:53 on December 16, 2024  /  Last updated at 07:53 on December 16, 2024  / /  Asia Pacific, Australia, Nature-based, Voluntary

The West Australian Labor government has awarded its third round of funding for carbon farming and land restoration, with A$3.2 million ($2.03 mln) cash going to eight projects that will invest in fauna conservation, soil carbon, and reforestation.

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Australian state consults on draft biodiversity handbook for renewable energy project developers

Published 05:37 on December 16, 2024  /  Last updated at 05:37 on December 16, 2024  / /  Asia Pacific, Australia, Biodiversity

The Victorian state government has published a draft guide for renewable energy project developers, proposing that each project must ensure there will be ‘no net loss’ to species of concern.

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Australia’s peak land conservation body urges govt to ramp up nature spending

Published 13:28 on December 13, 2024  /  Last updated at 13:28 on December 13, 2024  / /  Asia Pacific, Australia, Biodiversity

Australia must significantly increase its spending on and administration of nature, including putting more money into its planned biodiversity market and change its approach to generating carbon credits, according to the country’s peak conservation body.

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Australian opposition’s nuclear plan would see higher emissions for longer -report

Published 05:34 on December 13, 2024  /  Last updated at 05:34 on December 13, 2024  / /  Asia Pacific, Australia

Emissions under the Australian opposition’s proposed plans for nuclear energy would see coal-fired power stations operate for longer and subsequently higher emissions, according to a costings report it released Friday.

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Coal mine SMCs could put brake on ACCU price, but few will make it onto the secondary market, report says

Published 22:17 on December 12, 2024  /  Last updated at 22:17 on December 12, 2024  / /  Asia Pacific, Australia

Supply of Safeguard Mechanism Credits (SMCs) from coal mines might prove an obstacle for the expected price hike in Australia’s main carbon units, analysts said Thursday.

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Life extension for Australian plant paves way for “carbon bomb” gas field

Published 15:08 on December 12, 2024  /  Last updated at 15:08 on December 12, 2024  / /  Asia Pacific, Australia

Australia’s largest oil and gas company has been granted approval by state government to extend the life of one of its gas plants by 50 years, paving the way for the development of a vast gas field described by activists as a “carbon bomb”.

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New Zealand’s Fonterra to switch out coal for 9% emissions drop

Published 07:46 on December 12, 2024  /  Last updated at 07:46 on December 12, 2024  / /  Asia Pacific, Australia, New Zealand

Dairy giant Fonterra has announced a new decarbonisation project to convert two coal-fired boilers to using low-carbon wood pellets at its South Island operations in South Canterbury, New Zealand expected to make a significant dent in its emissions.

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Australian invertebrate extinctions laying waste to govt’s protection pledge, study finds

Published 01:39 on December 12, 2024  /  Last updated at 02:06 on December 12, 2024  / /  Australia, Biodiversity

Between 1-3 Australian insects and other native invertebrate species are becoming extinct every week, according to a peer-reviewed study published this week, revealing the country’s biodiversity crisis is far greater than previously recognised.

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Asia Pacific shipping sector faces 100 Mt/year CCS challenge, report finds

Published 11:30 on December 11, 2024  /  Last updated at 11:30 on December 11, 2024  / /  Asia Pacific, Australia, International, Japan, Other APAC, Shipping, South Korea, Voluntary

Ships may have to transport some 100 million tonnes of CO2 annually between jurisdictions by mid-century, which will require huge advance efforts in terms of funding and other preparations, according to a report released Wednesday.

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