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Australian carbon industry group parts ways with CEO

Published 09:25 on February 1, 2019  /  Last updated at 09:25 on February 1, 2019  /  Asia Pacific, Australia, Bavardage  /  No Comments

The CEO of Australia’s Carbon Market Institute has left the business association after six years to pursue other opportunities.

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Australia issues 345k ACCUs in high-supply start to year

Published 09:22 on February 1, 2019  /  Last updated at 17:18 on February 1, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator this week issued nearly 345,000 carbon credits, taking the total number issued in the first month of the year to a sixth of the entire amount issued for all of FY2017-18.

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Japanese firms scrap plans for major coal plant

Published 09:37 on January 31, 2019  /  Last updated at 20:51 on January 31, 2019  /  Asia Pacific, Japan  /  No Comments

A group of Japanese companies have scrapped plans to build a coal-fired power plant that would have emitted some 12 million tonnes of CO2 annually, and are considering constructing a gas-fired facility in the same location.

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Japan approves funding for new batch of JCM projects

Published 12:06 on January 30, 2019  /  Last updated at 12:06 on January 30, 2019  /  Asia Pacific, Japan  /  No Comments

Japan’s environment ministry has agreed to fund another six projects under its Joint Crediting Mechanism (JCM) that are expected to generate more than a million carbon credits by 2030.

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NZ Market: NZUs unmoved above NZ$25 to make fixed price option attractive

Published 09:43 on January 29, 2019  /  Last updated at 22:58 on January 29, 2019  /  Asia Pacific, New Zealand  /  No Comments

NZUs have barely budged over the past week amid firm demand, making the NZ$25 fixed price option an increasingly tempting way for emitters to meet their 2018 obligations.

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Australia issues 1.86 mln offsets to ease concerns over Safeguard supply shortfall

Published 09:57 on January 25, 2019  /  Last updated at 23:07 on January 25, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator has issued 1.86 million new carbon credits, it said Friday, adding supply to the market ahead of next month’s annual compliance deadline for Safeguard Mechanism entities.

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Russia lays slow-acting plans to regulate GHGs through emissions trade

Published 22:54 on January 24, 2019  /  Last updated at 23:13 on January 24, 2019  /  Asia Pacific, EMEA, Kyoto Mechanisms  /  No Comments

Russia is considering a bill that would establish a cap-and-trade system for major carbon emitters by 2025 and require companies to report their emissions.

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World Bank cuts carbon credit eligibility ahead of N2O auction

Published 16:40 on January 24, 2019  /  Last updated at 16:40 on January 24, 2019  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, South & Central, US, Voluntary Market  /  No Comments

The World Bank’s Nitric Acid Climate Auction Program (NACAP) has shifted forward the eligibility cut-off date for carbon credits that can be sold in its inaugural auction, effectively reducing the pool of potentially available units.

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SK Market: KAU auction clears 2% above secondary market

Published 09:20 on January 23, 2019  /  Last updated at 13:57 on January 23, 2019  /  Asia Pacific, South Korea  /  No Comments

Wednesday’s South Korean CO2 auction sold out, with the clearing price coming in 2% above the secondary market and reflecting a supply dearth.

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EU plans Brussels conference to further work on Paris Agreement’s Article 6

Published 17:25 on January 22, 2019  /  Last updated at 23:21 on January 22, 2019  /  Americas, Asia Pacific, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

The European Commission is planning to host a conference on international carbon trade this spring to help clinch a deal on rules for Article 6 of the Paris Agreement after recent talks fell apart.

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