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Showing 41 - 50 of 129 results for "Carbon Credits"

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 ...

Act now on carbon emissions to avoid higher costs later: EY

RACHEL ALEMBAKIS  |  THURSDAY, 5 OCT 2023  |  NEWS
... largely exhausted. EY homed in on how the reforms would impact corporate behaviour and the expectation for demand for carbon credits and the role they could play going forward, Herd said. The Safeguard Mechanism applies to around 215 of Australia's ...

Nature credits a potential bonanza for Australia

RACHEL ALEMBAKIS  |  THURSDAY, 28 SEP 2023  |  NEWS
... agriculture sector as a prime foundation for Australia's biodiversity offset market. "Agriculture is a sector for carbon credits, biodiversity credits and the real issue of food security," Smith said. "There has to be a holistic way where our agricultural ...

Record number of soil ACCUs issued for Queensland graziers

ROSE MARY PETRASS  |  WEDNESDAY, 27 SEP 2023  |  NEWS
... The environmental services company have to date acted as the developer responsible for more than 95% of all soil carbon credits issued in Australia. With one ACCU representing one tonne of CO2 emissions avoided or sequestered, one tonne of soil organic ...