Australian trio’s reef credits method approved by market administrator

Published 08:02 on September 19, 2024  /  Last updated at 08:02 on September 19, 2024  / /  Asia Pacific, Australia, Biodiversity

Three Australian companies have announced their method to allow landholders to earn reef credits from improved grazing land management that seeks to boost soil health and improve water quality at the Great Barrier Reef (GBR) has been approved by the market’s overseer.

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Most bank decarbonisation targets not fit for purpose -report

Published 07:32 on September 19, 2024  /  Last updated at 07:32 on September 19, 2024  / /  Americas, EMEA, International, US, Voluntary

Most bank decarbonisation targets are not fit for purpose and need to be revised to effectively reduce emissions, according to a report released this week.

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Pacific flag carrier hitting the sweet spot for SAF

Published 05:37 on September 19, 2024  /  Last updated at 05:37 on September 19, 2024  / /  Asia Pacific, Aviation/CORSIA, International, Other APAC

One of the Pacific’s largest airlines has announced a partnership with a sugar company and major development bank to develop sustainable aviation fuel (SAF).

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Boosting demand for low-carbon products key for green heavy industry to take off -report

Published 05:01 on September 19, 2024  /  Last updated at 14:06 on September 18, 2024  / /  Americas, Asia Pacific, EMEA, International

Boosting demand for low-carbon products is key if large-scale green industrial projects are to take off, according to a report published on Thursday.

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US non-profit introduces VCM data hub to improve market transparency

Published 05:01 on September 19, 2024  /  Last updated at 05:32 on September 19, 2024  / /  Americas, International, US, Voluntary

A US-based non-profit has launched a platform allowing users to explore the world’s largest base of voluntary carbon market (VCM) transactions.

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CP Daily: Wednesday September 18, 2024

Published 02:03 on September 19, 2024  /  Last updated at 02:03 on September 19, 2024  / /  Newsletters

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

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Xpansiv, S&P, CME Group collaborate on ACCU market products

Published 02:02 on September 19, 2024  /  Last updated at 02:02 on September 19, 2024  / /  Asia Pacific, Australia, International

A group of global trading houses will collaborate to offer new price assessments and products focussed on the growing Australian Carbon Credit Unit (ACCU) market, they announced Thursday.

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Protectionist measures could impact global demand for US biofuels -panel

Published 00:57 on September 19, 2024  /  Last updated at 00:57 on September 19, 2024  / /  Americas, Canada, EMEA, International, RINs & LCFS, US

With the glut of renewable diesel (RD) supply in the US, producers are eyeing fresh opportunities for new demand abroad, with domestic production further incentivised by an upcoming production tax credit.

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US ban on Chinese UCO would ‘disincentivise’ foreign LCFS programmes -panel

Published 00:43 on September 19, 2024  /  Last updated at 00:43 on September 19, 2024  / /  Americas, RINs & LCFS, US

Biofuel producers warned Tuesday against a US ban on used cooking oil (UCO) imports from China, arguing that a ban would disincentivise foreign biofuel-producing nations from creating mandates to decrease emissions of transportation fuels through Low Carbon Fuel Standard (LCFS) regulations.

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Progress in global climate governance threatened by major inequality among nations, new research warns

Published 00:37 on September 19, 2024  /  Last updated at 00:37 on September 19, 2024  /  Africa, Americas, Asia Pacific, China, Climate Talks, EMEA, International, Other APAC, South & Central, US

A new study has unveiled stark inequalities in global climate governance, highlighting that the most influential countries in climate negotiations bear far fewer consequences from climate-related disasters than those with less influence.

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