Asia Pacific > Australia Market Roundup: Voluntary CER cancellations top 3.2 mln in May, as govt funds first DAC demonstration project

Australia Market Roundup: Voluntary CER cancellations top 3.2 mln in May, as govt funds first DAC demonstration project

Published 11:20 on June 8, 2021  /  Last updated at 11:20 on June 8, 2021  / Stian Reklev /  Asia Pacific, Australia, International, Kyoto Mechanisms, Voluntary

Australian companies retired a record 3.2 million CERs last month as the voluntary carbon market boom continues to primarily benefit international projects, while the government on Tuesday announced a funding package for CCS projects that included the nation’s first direct air capture (DAC) scheme.
Australian companies retired a record 3.2 million CERs last month as the voluntary carbon market boom continues to primarily benefit international projects, while the government on Tuesday announced a funding package for CCS projects that included the nation’s first direct air capture (DAC) scheme.


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