Indonesia targets $65 bln in earnings from carbon trade by 2028
Indonesian president-elect Prabowo Subianto, who comes to power next month after a February win at the polls, plans to generate and sell rain forest carbon credits worth a total of $65 billion by 2028, Reuters reported Friday, citing a government advisor.
Read MoreBiodiversity markets need ‘trust factor’ to scale, tech expert says
Tech firms can give emerging biodiversity markets the ‘trust factor’ companies need to buy nature credits without fear of backlash, a data specialist told a webinar this week.
Read MoreAustralia’s new hydrogen paper confirms plans for all-green future
Australia has debuted a new national hydrogen strategy as part of its wider Future Made in Australia (FMIA) strategy which it says will cut CO2e emissions by between 93-186 million tonnes per year by 2050, with up to 15 Mt/year of green hydrogen produced at the same time and the Safeguard Mechanism driving hydrogen tech uptake by businesses keen to drop emissions.
Read MoreINTERVIEW: Forest restoration company gears up for biodiversity credit market
A native forest restoration company is in talks with two major standards to launch its first biodiversity credit projects next year, with a big park in the Philippines among the sites under consideration, the firm told Carbon Pulse.
Read MoreRural workers reject nature commodification in run-up to COP16
Smallholder farmers have released a declaration in advance of UN biodiversity conference COP16 with a rejection of discussions that aim to commodify nature.
Read MoreEU Commission boss Von der Leyen backs nature credits to drive restoration
The nascent nature credits market is a key solution to the need for economic incentives to restore nature, with its viability proven by carbon, European Commission President Ursula von der Leyen said in a speech on Friday.
Read MoreCN Markets: CEA price declines amid shrinking liquidity despite market expansion plans
Recent policy updates on sectoral expansion failed to boost trading activity in China’s emissions market over the past week, which saw permit prices fall below 90 yuan ($12.69) again with shrinking liquidity.
Read MoreCAD Trust partners with QAI to advance carbon market data initiatives
The Climate Action Data Trust (CAD Trust) and Quantedge Advancement Initiative (WAI) announced a two-year funding partnership Friday to catalyse climate change action and improve carbon market data, the former said.
Read MoreChina’s Sichuan seeks forest carbon offset methodologies under local scheme
The government of China’s Sichuan province is seeking methodological proposals on the development of forest carbon sinks under the local offset scheme.
Read MoreAU Market: Over 1 mln units traded in a single day pushes ACCU prices to 16-month high
The generic spot price for Australian Carbon Credit Units (ACCUs) reached a 16-month high Thursday off the back of over 1 million credits changing hands throughout the day.
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