NZ Market: NZU price sinks as govt ETS consultation poorly received by the market
The price for NZUs closed around 6% lower on Friday as a recent government consultation proposing weaker ETS settings has been met with “anger and frustration” in the market.
Read MoreCarbon pricing proves its worth in reducing emissions, global meta-study shows
Carbon pricing schemes, such as taxes and cap-and-trade systems, are significantly reducing global greenhouse gas emissions, a new meta-study has found, though the results vary widely depending on the policy’s design and implementation.
Read MoreAustralia Market Roundup: Govt, Greens strike to deal to pass vehicle emissions standards, ACCU issuance rises
The federal government and the Greens have agreed to pass legislation on New Vehicle Efficiency Standards (NVES) and oil and gas tax changes in exchange for the government dropping an amendment that would allow oil and gas projects be exempt from federal environmental assessments.
Read MoreARB under fire for rejecting EJAC proposals in proposed cap and trade programme updates
California regulator ARB at a meeting on Thursday dismissed the state’s Environmental Justice Advisory Committee (EJAC) recommendations to establish no-trade zones, as well as eliminate offsets and free allowances in cap-and-trade rulemaking amendments.
Read MoreMalaysia sets legislation table date for CCS
Malaysia has put a firm date on getting more carbon capture and storage (CCS) legislation into parliament, progressing the practice and giving more investment certainty to an increasingly long line of international oil companies willing to partner with state oiler Petronas to store millions of tonnes of CO2 in offshore spaces.
Read MoreCambodia launches APAC-focused initiative to promote carbon policy collaboration
Cambodia’s environment ministry has teamed up with a Korean non-profit to launch an APAC-focused initiative, in a bid to encourage collaboration on emissions rights across the region.
Read MoreWCI Markets: CCAs trade higher after rare auction delay, Washington uncertainty prolongs
California Carbon Allowance (CCA) prices have reversed their pre-auction slide after the ARB delayed the Q2 sale due to technical difficulties, while Washington Carbon Allowances (WCAs) falter through meagre activity.
Read MoreCarbon Removal Asset Management Lead, Microsoft – Redmond, WA
We seek a Carbon Removal Asset Management Lead with high-performing, curiosity-driven individual to join as a people manager focused on carbon removal asset management. In this capacity, you will play a key role in securing carbon credits for Microsoft to be carbon neutral annually and negative by 2030.
Read MoreAlberta TIER programme tightens emissions benchmarks for second time this year
The Alberta Technology and Emission Reduction (TIER) programme on Tuesday published a second round of updated benchmarks this year, tightening allowable emissions levels and raising compliance obligations through to 2030 across multiple sectors.
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