Santos wants “guaranteed supply” of ACCUs, SMCs to offset Barossa emissions, letters to minister show
Oil and gas company Santos has urged the government to provide a guaranteed supply of Australian Carbon Credit Units (ACCUs) in order to meet its compliance regulations under the Safeguard Mechanism, according to tabled correspondence.
Read MoreCOP28: PREVIEW – Article 6 negotiations to focus on technicalities of international carbon trade
With the UN body mandated to shape the carbon crediting mechanism under Article 6 of the Paris Agreement having already produced its final recommendations, the focus on markets in negotiations at COP28 will be on finalising technical details relating to the international trade of units, such as determining the rules around national authorisation of transactions, the transparency of reporting, and establishing safeguards for the mechanism.
Read MoreJapanese lab study confirms DAC process in concrete
A Japanese peer-reviewed study has verified direct air capture (DAC) of carbon occurring in the chemical process for manufacturing concrete, which it said could be useful for the industrial sector or countries looking to offset their emissions.
Read MoreMajor Japanese bank to invest in Singapore-based carbon exchange
A financial conglomerate in Japan has decided to invest in Singapore-based carbon exchange Climate Impact X (CIX) to help scale the international carbon credit market in Asia, they announced Tuesday.
Read MoreVCM Report: Carbon credit trade picks up as prices proliferate
Trade picked up in the voluntary carbon market last week as corporates looked to square end-of-year emission books, and some sellers ditched REDD credits at rock bottom prices.
Read MoreJapan exchange introduces market makers for domestic carbon market
The Tokyo Stock Exchange on Monday introduced a three-month trial market maker scheme for its carbon trading platform as it is working with the government to boost liquidity in the J-Credit market.
Read MoreJapanese university buys into DAC venture
A Japanese university will invest in a direct air capture (DAC) venture that aims to begin capturing CO2 via nano-separation membranes later this decade.
Read MoreGlobal emissions could peak this year, but GHG cuts may still fall short of the 2030 IPCC target -report
Global GHG output may reach its peak this year, meeting an IPCC deadline, but emissions could still exceed the IPCC’s 2030 GHG target deemed necessary to limit global warming to 1.5C, according to a report by a climate think-tank.
Read MoreSocial cost of carbon jumps by a fifth because of spiralling cyclones, finds study
Policymakers are using poor data to calculate the social cost of carbon because global warming is causing increasingly frequent tropical cyclones and hurricanes that leave countries with less time to recover from the destruction, warns a new study.
Read MoreJapan adds J-Credit methodology for beef cattle feeding
The committee steering Japan’s J-Credit programme has approved a new methodology on the introduction of a new feeding practice for beef cattle, as the government continues to expand coverage in the domestic offset scheme.
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