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Showing 41 - 50 of 171 results for "carbon credit"

ASX tapped to develop Aussie carbon exchange

RACHEL ALEMBAKIS  |  THURSDAY, 11 JAN 2024  |  NEWS
... later this year. The carbon exchange is intended to allow for the trading, clearing and settlement of Australian carbon credit units (ACCU). CER first sought expressions of interest for participants to develop Australia's first carbon exchange in 2021 ...

Forestry fund raises $450m for natural capital

ROSE MARY PETRASS  |  MONDAY, 8 JAN 2024  |  NEWS
A global investment manager is targeting one million tonnes of carbon abatement over the next decade by harnessing Australia's natural capital. New Forests, manager of nature-based real assets and natural capital strategies, completed the first close ...

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: 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 ...

New code of practice guidance for voluntary carbon markets

ROSE MARY PETRASS  |  WEDNESDAY, 29 NOV 2023  |  NEWS
... markets (VCMs). The guidance comes as Australia's independent watchdog conducts a review into Canberra's Australian Carbon Credit Unit (ACCU) scheme. According to VCMI, use of VCMs could unlock over $50 billion by 2030 if used as part of corporate transition ...

Carbon credit review falls short on CO2 capture and slavery

ROSE MARY PETRASS  |  MONDAY, 27 NOV 2023  |  NEWS
... independent review to be released next month will inform how Canberra moves forward amid criticisms of its Australian Carbon Credit Unit (ACCU) scheme. Ahead of release, FS Sustainability has learnt the recommendations won't address modern slavery ...