Australia eyes 2025 start for Guarantee of Origin scheme

Published 10:33 on July 16, 2024  /  Last updated at 10:33 on July 16, 2024   / Helen Clark /  Asia Pacific, Australia

Australia is seeking to put legislation in place in time for a late 2025 start for its Guarantee of Origin (GO) scheme, the government said Tuesday. Read More

European exchange posts significant rise in EUA futures trade

Published 10:12 on July 16, 2024  /  Last updated at 10:12 on July 16, 2024   / Roy Manuell /  EMEA, EU ETS

EEX’s European carbon trading volumes surged in the first six months of 2024, compared to the previous year, driven by "significant growth in order book activity" on secondary market EUA futures activity as a result of a new scheme introduced in 2023. Read More

India’s top agricultural state partners with non-profit, developer to generate agroforestry carbon credits

Published 07:50 on July 16, 2024  /  Last updated at 07:50 on July 16, 2024   / Nikita Pandey /  Asia Pacific, Nature-based, Other APAC, Voluntary

India’s largest farming state has partnered with a local non-profit and a Singapore-based developer for agroforestry projects across the state in order to boost farmers’ incomes through carbon credit revenue. Read More

Carbon pricing reforms, momentum on CCUS among priorities to kickstart UK clean industry -coalition

Published 08:00 on July 16, 2024  /  Last updated at 14:34 on July 15, 2024   / Bryony Collins /  EMEA, EU ETS, UK ETS

Reforms to UK carbon pricing and maintaining momentum behind carbon capture and storage (CCS) clusters are two of the 10 priorities identified by industry, academia, and civil society organisations to grow the UK’s clean industry. Read More

China releases low-carbon transformation plan for coal-fired power plants

Published 07:42 on July 16, 2024  /  Last updated at 07:44 on July 16, 2024   / Chia-Erh Kuo /  Asia Pacific, China

Chinese regulators have released a three-year action plan for the low-carbon transformation of coal-fired power plants, with a focus on the development of co-firing methods as well as carbon capture, utilisation, and storage (CCUS). Read More

NZ Market: Healthy NZU volumes traded, but several hurdles still to clear, participants say

Published 07:14 on July 16, 2024  /  Last updated at 07:14 on July 16, 2024   / Mark Tilly /  Asia Pacific, New Zealand

New Zealand’s carbon market has seen robust volumes of NZUs change hands in recent weeks, however the market is still in a wait-and-see mindset ahead of key government decisions and announcements. Read More

CORSIA carbon credit demand up in the air amid diverse forecasts for airline emission growth

Published 16:52 on July 15, 2024  /  Last updated at 16:54 on July 15, 2024   / Paddy Gourlay /  Aviation/CORSIA, International, Voluntary

Carbon credit demand for the first phase of CORSIA, the international aviation offsetting scheme, hangs in the balance with an extreme range between low and high projections of airline emissions, finds a report. Read More

US DOT outlines decarbonsation strategy for the transportation sector

Published 00:40 on July 16, 2024  /  Last updated at 00:40 on July 16, 2024   / Bijeta Lamichhane /  Americas, US

The US Department of Transportation (DOT) has revealed its plans to reduce greenhouse gas (GHG) emissions to align the sector with the country’s international climate commitments, but emphasised that achieving these goals requires additional support. Read More

Fossil fuel funding falling from Australian banks, but not fast enough -report

Published 00:25 on July 16, 2024  /  Last updated at 00:25 on July 16, 2024   / Helen Clark /  Asia Pacific, Australia, International

Australia’s banks are still funding fossil fuel projects and their developers at a rate inconsistent with Paris climate targets and their own net zero timelines, a report released Tuesday by activist shareholder group Market Forces said. Read More

US ammonia, biofuels producers combine efforts to reduce carbon footprint of ethanol

Published 00:15 on July 16, 2024  /  Last updated at 00:15 on July 16, 2024   / Joan Pinto /  Americas, RINs & LCFS, US

Top global producers of ammonia and ethanol based in the US announced a joint effort on Monday to pilot low carbon fertiliser application across US farms, thereby lowering the carbon intensity (CI) of corn used in ethanol production. Read More

Cape Town raises $2 mln from Kyoto Protocol waste-to-energy projects

Published 19:55 on July 15, 2024  /  Last updated at 19:55 on July 15, 2024   / Alejandra Padin-Dujon /  Africa, Carbon Taxes, CBAM, EMEA, International, Kyoto Mechanisms

South Africa’s legislative capital has raised R$36 million ($2 mln) by auctioning credits generated under the Kyoto-era UN Clean Development Mechanism (CDM) from projects that convert landfill-origin methane into electricity. Read More

VCM report: Slight lift in voluntary carbon market prices reflects CCP buzz

Published 18:39 on July 15, 2024  /  Last updated at 19:36 on July 15, 2024   / Nick Ferris /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, Voluntary

There was a slight lift in trading prices across several key indices in the voluntary carbon market last week, reflecting the ongoing interest in the impact of Core Carbon Principles (CCPs) on the market. Read More

South Africa's president pushes for green energy as buffer against CBAMs -media

Published 17:25 on July 15, 2024  /  Last updated at 17:25 on July 15, 2024   / Rebecca Gualandi /  Africa, Carbon Taxes, CBAM, EMEA

South Africa’s president has urged other developing countries to ditch fossil fuels in favour of green energy in order to avoid having to pay economy-damaging future carbon taxes, Reuters reported on Monday. Read More

BlackRock publishes climate investment guidelines

Published 01:32 on July 16, 2024  /  Last updated at 01:32 on July 16, 2024   / Allison Gacad /  Americas, Asia Pacific, EMEA, International, US, Voluntary

US-based BlackRock, the world’s largest asset manager, published guidelines outlining its voting strategy at shareholder meetings on behalf of funds with climate-related investment objectives, inclusive of positions on corporate disclosures, shareholder proposals, and board effectiveness. Read More

CCS for traditional steel blast furnaces unlikely to be competitive -think tank

Published 16:57 on July 15, 2024  /  Last updated at 16:57 on July 15, 2024   / Rebecca Gualandi /  EMEA, EU ETS

Retrofitting traditional steel plants with carbon capture and storage technology is unlikely to be more cost competitive than investing in newer, hydrogen-based steelmaking, according to analysis by a climate NGO. Read More