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Showing 1 - 10 of 111 results for "abatement"

Flawed carbon credits add to business risk

ROSE MARY PETRASS  |  THURSDAY, 4 APR 2024  |  NEWS
... Chubb Review itself didn't go far enough in its findings to ensure that carbon credits do in fact represent genuine abatement, and it failed to sufficiently acknowledge the limitations in the market and concerns raised by scientists." "This research ...

Carbon trading roundup: Verra, REDD+, BetaCarbon

ROSE MARY PETRASS  |  MONDAY, 4 MAR 2024  |  NEWS
... heavy industry. According to EY, Safeguard Mechanism will deliver "significant reductions" in net emissions, but direct abatement needs will rise to 43 million tonnes per year by 2035. Insurance-wrapped carbon credits brought to market An Australian ...

Forestry fund falls short of target

ROSE MARY PETRASS  |  MONDAY, 29 JAN 2024  |  NEWS
... A$450 million raised from institutional investors in Australia and Europe, and is targeting one million tonnes of carbon abatement over the next decade by harnessing Australia's natural capital.

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 ...

Net zero roadmap shifts public service spending to green

RACHEL ALEMBAKIS  |  THURSDAY, 30 NOV 2023  |  NEWS
... furniture to office supplies, that's a big market. The more we can encourage hard-to-abate sectors to giddyap on emissions abatement, the better." The Business Council for Sustainable Development Australia (BCSDA) noted that the strategy "sets a benchmark. ...

Carbon credit review falls short on CO2 capture and slavery

ROSE MARY PETRASS  |  MONDAY, 27 NOV 2023  |  NEWS
... additionality, conservativeness, and transparency The concept of additionality, which involves ensuring that carbon abatement activities go beyond business as usual, is under scrutiny. The review is expected to recommend more frequent assessments of ...

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

RACHEL ALEMBAKIS  |  THURSDAY, 5 OCT 2023  |  NEWS
... reforms to the Safeguard Mechanism will deliver "significant reductions" in net emissions, but predicts that direct abatement needs will rise to 43 million tonnes per year by 2035. EY co-leader of the Net Zero Centre and climate change and sustainability ...

UniSuper, pension funds buy forestry fund

RACHEL ALEMBAKIS  |  THURSDAY, 5 OCT 2023  |  NEWS
... at the time. Forico registered a project in north-east Tasmania approved by the Clean Energy Regulator and a Carbon Abatement Contract secured at an ERF auction. The project was designed to convert from a short-rotation, 12 to 13 year planting of a high-intensity ...

Kyoto credits cancellation brings tough implications for investors

ROSE MARY PETRASS  |  THURSDAY, 21 SEP 2023  |  NEWS
... carryover credits for potential future use, calling use of the credits "dodgy accounting tricks rather than genuine abatement". "I'm pleased to announce that those carryover credits for the last decade, equalling more than 700 million mt [metric ...

Government commits public service to net zero by 2030

RACHEL ALEMBAKIS  |  THURSDAY, 31 AUG 2023  |  NEWS
... interest. According to the paper, "the government has been by far the largest buyer of ACCUs focused on driving least-cost abatement. Private purchase of ACCUs is growing and is expected to accelerate due to the Safeguard Mechanism reforms. The government ...
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