NSW EPA to increase transparency on coal mine emissions

Published 05:29 on December 9, 2024  /  Last updated at 05:29 on December 9, 2024  / /  Asia Pacific, Australia

The New South Wales Environmental Protection Agency (EPA) is looking to strengthen GHG emissions regulations at its coal mines, based on feedback on how licences are governed.

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CP Daily: Sunday December 8, 2024

Published 03:05 on December 9, 2024  /  Last updated at 03:05 on December 9, 2024  /  Newsletters

A daily summary of our news plus bite-sized updates from around the world.

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NZ Market: NZU secondary price retreats as emitters well-supplied

Published 01:42 on December 9, 2024  /  Last updated at 04:52 on December 9, 2024  / /  Asia Pacific, New Zealand

The price of NZUs has slid back noticeably since last week’s auction, as market observers note the healthy volumes traded in the lead up to the sale means the market is well-stocked.

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Tokyo exchange to launch new trading categories for agricultural carbon credits

Published 15:30 on December 7, 2024  /  Last updated at 15:30 on December 7, 2024  /  Asia Pacific, Japan, Nature-based, Voluntary

The Tokyo Stock Exchange will introduce two new trading categories for agricultural carbon credits under Japan’s J-Credit scheme, as it seeks to enhance market liquidity and efficiency amid increasing project registrations and certification volumes.

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KEY TAKEAWAYS: ICAO TAB assessments, recommendations, and public comments for CORSIA 2024 application cycle

Published 02:44 on December 7, 2024  /  Last updated at 12:08 on December 7, 2024  /  Americas, Asia Pacific, Aviation/CORSIA, Canada, EMEA, International, Kyoto Mechanisms, Middle East, Nature-based, Other APAC, South & Central, South Korea, US, Voluntary

UN civil aviation body ICAO late on Friday published reports outlining its Technical Advisory Body’s (TAB) assessments, recommendations, and public comments made during the 2024 cycle for applications by carbon credit standards seeking eligibility under the airline offsetting programme.

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WCI offset usage slips to just under 4% in 2021-23, compliance data shows

Published 01:26 on December 7, 2024  /  Last updated at 01:26 on December 7, 2024  / and /  Americas, Canada, Nature-based, US, Voluntary

Emitters in California’s carbon market more than halved their use of offsets during the 2021-23 compliance period, driving overall utilisation under the scheme to below 4% despite an uptick in WCI partner Quebec, government data published Friday showed.

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BRIEFING: EPA defends power plant emissions rules before DC circuit

Published 01:01 on December 7, 2024  /  Last updated at 01:01 on December 7, 2024  / and /  Americas, US, Voluntary

The US EPA’s power plant emissions rules were tested Friday before a three-judge panel as attorneys representing Republican states argued that the rules didn’t properly consider the costs of carbon capture and storage (CCS) technology and that the EPA overstepped in its rulemaking authority.

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CFTC: Producers boost holdings across North American carbon markets, investors hone in on V25s

Published 00:55 on December 7, 2024  /  Last updated at 00:55 on December 7, 2024  / and /  Americas, US

Emitters built their net holdings throughout the North American carbon markets, while financial players continued to shuffle their positions in California Carbon Allowances (CCAs) and RGGI Allowances (RGAs) in favour of V25s, data released Friday from the US Commodity Futures Trading Commission (CFTC) showed.

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Europe risks missing 2030 climate goals without urgent policy action, analysts warn

Published 00:37 on December 7, 2024  /  Last updated at 03:04 on December 9, 2024  /  EMEA, EU ETS, UK ETS

Europe may have made significant progress in decarbonising its energy sector, but investment efforts must more than double to an average of $1 trillion annually by 2030.

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Brazilian development bank calls for forest restoration proposals in Amazon, Atlantic Forest

Published 00:04 on December 7, 2024  /  Last updated at 00:04 on December 7, 2024  / /  Americas, Biodiversity, Nature-based, South & Central, Voluntary

Brazil’s National Bank for Economic and Social Development (BNDES) this week solicited proposals under initiatives collectively worth R$109 million ($18 mln) that would support forest restoration in the Amazon and Atlantic Forest.

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