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Australia, Germany to kickstart bilateral funding for new hydrogen projects

Published 05:21 on November 23, 2021  /  Last updated at 07:14 on November 23, 2021  /  Asia Pacific, Australia, Canada, EMEA, International, Japan, Middle East, Other APAC  /  No Comments

Australia and Germany will push forward with their bilateral hydrogen accord by allocating from early 2022 $90 million of jointly committed funds for new hydrogen projects, Australia’s energy and emissions reduction minister, Angus Taylor, announced on Tuesday.

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VCM Report: VERs ride COP26, crypto wave to new all-time highs

Published 22:01 on November 22, 2021  /  Last updated at 00:09 on November 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emissions reduction (VER) values on the over-the-counter and exchange-traded markets extended their year-long bull run this week, with voluntary carbon market (VCM) participants citing optimistic outlooks following the COP26 UN climate summit and blockchain ventures in driving up prices.

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Several nations baulk at 2050 net zero shipping goal as IMO talks resume

Published 21:10 on November 22, 2021  /  Last updated at 21:10 on November 22, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, Shipping, South & Central, South Korea, Switzerland, US  /  No Comments

Several countries attempted to block efforts to raise the shipping sector’s emissions target to a 2050 net zero goal on Monday, as week-long talks begin at the UN’s International Maritime Organization (IMO).

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Woodside seals merger with BHP petroleum unit, approves Scarborough & Pluto LNG train projects

Published 11:18 on November 22, 2021  /  Last updated at 11:18 on November 22, 2021  /  Asia Pacific, Australia, International, Other APAC, Voluntary Market  /  No Comments

Australian energy outfit Woodside completed its merger with mining giant BHP’s oil and gas portfolio on Monday, as it also announced a final investment decision on the $A16.5 bln ($12 bln) offshore gas Scarborough and Pluto Train 2 LNG projects in Western Australia.

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Indonesia rules out international ties to domestic carbon market

Published 09:12 on November 19, 2021  /  Last updated at 09:12 on November 19, 2021  /  Asia Pacific, International, Other APAC  /  No Comments

Indonesia, which will introduce a hybrid ETS and carbon tax next year, will not allow any cross-border carbon trading to occur until the country meets its greenhouse gas emissions targets, Finance Minister Sri Mulyani Indrawati said on Friday.

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ICE exchange to host forestry VER auctions for Permian Global

Published 13:00 on November 18, 2021  /  Last updated at 14:08 on November 18, 2021  /  Africa, Americas, Asia Pacific, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Exchange operator ICE on Thursday announced it is planning to hold voluntary emissions reduction (VER) auctions for REDD+ project developer Permian Global.

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ANALYSIS: Glasgow could be a ‘game-changer’ for fossil fuel subsidies

Published 15:19 on November 17, 2021  /  Last updated at 15:19 on November 17, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

Language on fossil fuel subsidy reform in the decision of the COP26 UN climate conference was dismissed by some as another empty promise, but others believe it could pave the way for drastic cuts in government support for oil, gas, and coal.

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Countries unlikely to raise GHG pledges next year amid muted pressure -experts

Published 19:29 on November 16, 2021  /  Last updated at 21:16 on November 16, 2021  /  Africa, Americas, Asia Pacific, China, Climate Talks, EMEA, International, Other APAC, South & Central, US  /  No Comments

Countries are unlikely to raise the ambition of their Paris Agreement emissions pledges by next year, with richer nations already dismissing the idea and emerging economies not under enough pressure to do more, experts said on Tuesday.

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ANALYSIS: Australia’s IPCOS seen starting as a boutique option for voluntary buyers

Published 13:48 on November 16, 2021  /  Last updated at 13:48 on November 16, 2021  /  Asia Pacific, Australia, International, Kyoto Mechanisms, Other APAC, Voluntary Market  /  No Comments

Australia during the Glasgow COP26 summit launched its Indo-Pacific Carbon Offset Scheme (IPCOS), though analysts expect voluntary buyers will continue to prefer cheap UN-issued credits unless next year’s election brings a new government wanting to incentivise more compliance buying.

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WWF urges scrutiny over controversial Malaysian forest carbon deal

Published 10:02 on November 16, 2021  /  Last updated at 10:02 on November 16, 2021  /  Asia Pacific, Australia, International, Other APAC, REDD, Voluntary Market  /  No Comments

Green group WWF is urging regulators to scrutinise a massive forest carbon deal that Malaysia’s Sabah state government is negotiating with a Singaporean investor for a project the size of Israel.

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