Australia, Germany to kickstart bilateral funding for new hydrogen projects
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.
Read MoreVCM Report: VERs ride COP26, crypto wave to new all-time highs
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.
Read MoreSeveral nations baulk at 2050 net zero shipping goal as IMO talks resume
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).
Read MoreWoodside seals merger with BHP petroleum unit, approves Scarborough & Pluto LNG train projects
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.
Read MoreIndonesia rules out international ties to domestic carbon market
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.
Read MoreICE exchange to host forestry VER auctions for Permian Global
Exchange operator ICE on Thursday announced it is planning to hold voluntary emissions reduction (VER) auctions for REDD+ project developer Permian Global.
Read MoreANALYSIS: Glasgow could be a ‘game-changer’ for fossil fuel subsidies
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.
Read MoreCountries unlikely to raise GHG pledges next year amid muted pressure -experts
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.
Read MoreANALYSIS: Australia’s IPCOS seen starting as a boutique option for voluntary buyers
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.
Read MoreWWF urges scrutiny over controversial Malaysian forest carbon deal
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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