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Showing 21 - 30 of 499 results for "credit"

Forestry fund raises $450m for natural capital

ROSE MARY PETRASS  |  MONDAY, 8 JAN 2024  |  NEWS
... biodiversity and renewable energy. The plantations are viable to generate additional future revenue through Australian Credit Carbon Units (ACCUs). David Shelton, managing director, Australia and New Zealand at New Forests commented: "Since New Forests ...

Climate Change Authority releases ACCU and NGERS reviews

ROSE MARY PETRASS  |  TUESDAY, 19 DEC 2023  |  NEWS
The Albanese government has 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 ...

COP28 key outcomes: what it means for finance

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  THURSDAY, 14 DEC 2023  |  NEWS
After 36 hours of tense negotiations, the climate agreement for the first time calls on nations to "transition away" from fossil fuels - but does not explicitly call for a fossil fuel "phase out." The first UN Global Stocktake on climate has resulted ...

L'Oréal Groupe invests in First Nations-led biodiversity

ROSE MARY PETRASS  |  THURSDAY, 14 DEC 2023  |  NEWS
The world's largest cosmetics company will commit $600,000 to a WA-based native title corporation to support self-determination through biodiversity restoration in degraded croplands. The Esperance Tjaltjraak Native Title Aboriginal Corporation' (ETNTAC) ...

Nature Market Repair Bill passes Senate

RACHEL ALEMBAKIS  |  WEDNESDAY, 6 DEC 2023  |  NEWS
... that there is value in a voluntary market-based mechanism for nature-positive activities alongside the Australian Carbon Credit Unit (ACCU) framework, but it should be in addition to, rather than a substitute for, public investment and regulatiosn. "The ...

COP28: Australia signs Glasgow statement to end public finance for fossil fuels

ROSE MARY PETRASS  |  WEDNESDAY, 6 DEC 2023  |  NEWS
... public financing of fossil fuels by the end of 2022. Australia has one year to implement its pledge. Australia's export credit agency provided more than $1.5 billion to finance overseas fossil fuel projects between 2009 and 2020, according to Jubilee ...

Australia joins COP28 gender and just transition partnership

RACHEL ALEMBAKIS  |  TUESDAY, 5 DEC 2023  |  NEWS
... Green Climate Fund, which in October 2023 approved a US$152 million equity investment in GAIA. GAIA will provide loans, credit facilities and private bonds to sovereign, sub-sovereign and quasi-sovereign borrowers. The blended capital structure will ...

COP28: Climate finance, carbon markets take centre stage

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
... with Singapore and Kuwait. Dominica, the Bahamas, and Comoros signed memorandums of understanding with UAE-based carbon credit project developer and buyer Blue Carbon, focusing on mitigation and carbon removal initiatives. The initiatives will help conservation ...

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

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
During the first week of the COP28 climate summit in Dubai, Australia and other countries outlined new commitments to reduce emissions including methane, non-CO2 gasses and coal. Several countries and major corporations expressed interest in using carbon ...

SDG Loan Fund raises $1.1b of investor capital

ROSE MARY PETRASS  |  FRIDAY, 1 DEC 2023  |  NEWS
... and managing the loan portfolio. The MacArthur Foundation has committed a US$25 million partial unfunded guarantee for credit enhancement. The fund's large-scale and multi-sector reach is enabled by a first loss investment from FMO, alongside MacArthur's ...