Australia confirms GHG reporting rule changes that think tank says could cover up millions of tonnes of coal mine emissions

Published 09:12 on July 4, 2024  /  Last updated at 13:12 on July 4, 2024  / Mark Tilly /  Asia Pacific, Australia

Australia has announced updates to national greenhouse gas reporting rules that a climate think tank warns will let coal companies dramatically under-report their emissions and undeservedly be issued Safeguard Mechanism Credits (SMCs).

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BRIEFING: EU to offer fast-track permitting for green industry frontrunners

Published 08:37 on July 4, 2024  /  Last updated at 08:37 on July 4, 2024  / Frédéric Simon /  EMEA, EU ETS

The European Commission wants to speed up approval of emerging green and low-carbon technologies, saying it will promote faster permitting for those identified as the most promising by its new Innovation Centre for Industrial Transformation (INCITE) in Seville.

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International panel releases survey results on biodiversity credit market models

Published 08:37 on July 4, 2024  /  Last updated at 08:37 on July 4, 2024  / Giada Ferraglioni /  Biodiversity, International

Many companies believe mandatory offsetting requirements would be critical for the biodiversity market to scale, according to submissions to the International Advisory Panel on Biodiversity Credits’ (IAPB) second round of consultation with market participants.

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Palm oil land speculation major driver of Indonesian deforestation, satellite study finds

Published 07:38 on July 4, 2024  /  Last updated at 07:38 on July 4, 2024  / Mark Tilly /  Asia Pacific, Biodiversity, Other APAC, Voluntary

Speculation and land banking by the palm oil industry is a major contributor to Indonesia’s massive historical deforestation rates, according to a study published this week.

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Gambia introduces draft carbon trading bill

Published 07:24 on July 4, 2024  /  Last updated at 07:24 on July 4, 2024  / Nikita Pandey /  Africa, EMEA, International, Paris Article 6, Voluntary

The government of Gambia has introduced a draft carbon trading bill in an effort to regulate project activity and credit transactions in the emerging market.

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Taiwan carbon exchange likely to see first domestic offset transaction in September

Published 04:56 on July 4, 2024  /  Last updated at 07:07 on July 4, 2024  / Chia-Erh Kuo /  Asia Pacific, Other APAC

A government-backed carbon exchange in Taiwan is likely to see the first transaction of domestically issued emissions reductions by late September or early October, according to local media reports.

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CP Daily: Wednesday July 3, 2024

Published 03:57 on July 4, 2024  /  Last updated at 03:57 on July 4, 2024  / Carbon Pulse /  Newsletters

A daily summary of our news plus bite-sized updates from around the world.

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Shanghai to auction off 1 mln carbon allowances under municipal ETS

Published 03:38 on July 4, 2024  /  Last updated at 03:40 on July 4, 2024  / Chia-Erh Kuo /  Asia Pacific, China

The Shanghai government will auction off 1 million carbon allowances under its emissions trading scheme at the end of this month to ensure regulated emitters can acquire enough permits for compliance purposes.

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Analysis highlights increased wildfire risks to forest carbon offset projects

Published 02:41 on July 4, 2024  /  Last updated at 02:41 on July 4, 2024  /  Americas, Asia Pacific, Nature-based, Other APAC, US, Voluntary

Forest carbon projects are becoming increasingly vulnerable to climate-related disasters including large-scale fires, according to a new analysis from an offset ratings agency.

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US court orders Oregon investor to pay over $120 mln for fraud, Ponzi scheme involving carbon offsets

Published 02:10 on July 4, 2024  /  Last updated at 02:10 on July 4, 2024  /  Americas, Bavardage, US, Voluntary

An Oregon-based investor and his associated firms have been ordered by a US judge to pay over $120 million in restitution and disgorgement for operating a Ponzi scheme and committing fraud related to digital asset investments and a carbon offset programme, a federal court ruled on Wednesday.

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