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Showing 11 - 20 of 102 results for "carbon credits"

Climate Change Authority releases ACCU and NGERS reviews

ROSE MARY PETRASS  |  TUESDAY, 19 DEC 2023  |  NEWS
... received the final reports of two reviews into the National Greenhouse and Energy Reporting (NGER) Scheme and the Carbon Credits (Carbon Farming Initiative) Act 2011. The Climate Change Authority (CCA) is required to review the CFI Act every three years ...

COP28 key outcomes: what it means for finance

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  THURSDAY, 14 DEC 2023  |  NEWS
... their trade, while Article 6.4 will establish a new UNFCC mechanism to validate, verify and issue high-quality carbon credits. Comhar Group director and principal lawyer Emily Gerrard said that bilateral carbon trading agreements can and will still continue ...

L'Oréal Groupe invests in First Nations-led biodiversity

ROSE MARY PETRASS  |  THURSDAY, 14 DEC 2023  |  NEWS
... own legal title to land and long-term income from landscape rejuvenation, carbon sequestration through certified carbon credits, and regenerative agriculture. The land and biodiversity restoration project will support at least 40 First Nations employees ...

COP28: Climate finance, carbon markets take centre stage

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
... standard, established by three voluntary forest carbon stakeholders. The Republic of Congo plans to develop sovereign carbon credits for sale under the Paris Agreement's Article 6 of the Paris Agreement, which governs the carbon market. It is unclear ...

COP28: Countries tackle coal as President claims "no science" behind phase-out

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
... including methane, non-CO2 gasses and coal. Several countries and major corporations expressed interest in using carbon credits to phase out coal globally. Australia joined 119 countries, not including China and India, to commit to the Global Renewables ...

New code of practice guidance for voluntary carbon markets

ROSE MARY PETRASS  |  WEDNESDAY, 29 NOV 2023  |  NEWS
... year-on-year. The VCMI Claims Code and guidance aims to help firm up the integrity of VCMs to achieve these results. Carbon credits must genuinely show verified reductions in greenhouse gases, with strong environmental and social protections. The guidance ...

Carbon credit review falls short on CO2 capture and slavery

ROSE MARY PETRASS  |  MONDAY, 27 NOV 2023  |  NEWS
... did not come up in consultation. It was recently revealed that leading carbon trading platform South Pole sold carbon credits allegedly linked to potential forced labour of Uyghur minority in China, as reported by the Guardian and Follow the Money. The ...

New Forests to sell NZ assets

RACHEL ALEMBAKIS  |  MONDAY, 13 NOV 2023  |  NEWS
... by New Forests' Forest Climate Solutions Fund (FCS) which focuses on combining returns from timber alongside carbon credits developed and sold in the California-regulated carbon market. Image courtesy of Daniel Hopper via Unsplash

Connecting capital to nature the next challenge: ASFI

RACHEL ALEMBAKIS  |  FRIDAY, 20 OCT 2023  |  NEWS
... the focus had to be on creating high value credits. "I don't think we can use the same set of approaches to carbon credits," she said. "We can't be looking at doing least cost biodiversity. We need to be looking at high value biodiversity. "... ...

Solving carbon credit concerns with blockchain

ROSE MARY PETRASS  |  MONDAY, 9 OCT 2023  |  NEWS
The validity of voluntary carbon credits has recently been thrust into the spotlight with concerns around issues like double counting, additionality and unreliable baselines leading carbon offsets to be labelled a "scam". Asset management firm Northern ...