AU Market: ACCU volumes surge as options drive derivatives market

Published 10:55 on November 7, 2024  /  Last updated at 10:55 on November 7, 2024  / /  Asia Pacific, Australia

Volumes in Australia’s compliance credit market are on track to beat last year’s by more than a third, and in October recorded its third-highest amount of trade of any month at 3.6 million Australian Carbon Credit Units (ACCUs), according to a report released Thursday.

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PNG relents on COP29 delegation but will still “liquidate” own forests without finance, PM warns

Published 06:22 on November 7, 2024  /  Last updated at 06:22 on November 7, 2024  / /  Asia Pacific, Climate Talks, International, Other APAC

Papua New Guinea will send a delegation to COP29 in Azerbaijan this month after first its prime minister and then its foreign minister had said it would not as a protest against the lack of climate finance for maintaining its vast carbon sink forests.

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AU Market: ACCUs breach A$40, continue upward as host of factors puts fire under the market

Published 10:18 on November 5, 2024  /  Last updated at 10:18 on November 5, 2024  / /  Asia Pacific, Australia

Spot Australian Carbon Credit Units (ACCUs) on Tuesday burst through the A$40 ($26.40) mark, trading as high as A$40.75 – a 4.5% increase on the previous day’s closing price – amid bullish sentiment.

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CIX to publish carbon ratings on-site to aid trade

Published 10:23 on November 4, 2024  /  Last updated at 10:23 on November 4, 2024  / /  Asia Pacific, Other APAC, Voluntary

Singapore-based Climate Impact X (CIX) announced Monday it will collaborate with one of the market’s carbon ratings agencies to bring greater transparency to the market via a new ratings system on its trading platform.

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Nine Vietnamese projects approved for JCM

Published 09:38 on November 4, 2024  /  Last updated at 09:38 on November 4, 2024  / /  Asia Pacific, Japan, Other APAC, Paris Article 6

Nine Vietnamese carbon credit projects have been approved for Japan’s Joint Crediting Mechanism (JCM) after the latest meeting of the Joint Committee for the Implementation of the JCM in Hanoi last week, the first new approvals under the scheme in the Southeast Asian country for five years.

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Korean PM unveils Hydrogen City plan, promises to become leader in liquid hydrogen shipping

Published 09:52 on November 1, 2024  /  Last updated at 09:52 on November 1, 2024  / /  Asia Pacific, Other APAC

South Korea has demarcated three areas for hydrogen development to support the clean fuel’s development as part of its Hydrogen Cities 2.0, Prime Minister Han Duck-soo confirmed Friday.

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PNG closer to carbon market, confirms COP29 boycott

Published 10:24 on October 31, 2024  /  Last updated at 10:24 on October 31, 2024  / /  Asia Pacific, International, Paris Article 6, Voluntary

Papua New Guinea is closer to a carbon market but is waiting on a few key steps, a senior official said this week, as news comes the nation has confirmed it will boycott this year’s COP29 summit in Baku, Azerbaijan.

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Australian junior discovers rare element used in fusion energy

Published 13:38 on October 30, 2024  /  Last updated at 13:49 on October 30, 2024  / /  Asia Pacific, Australia

A tiny exploration company betting on finding native hydrogen deep in the South Australia desert has found an even more valuable co-located gas rarely found on Earth that is essential to nuclear fusion.

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Manufacturing, supply chains crucial to net zero, IEA report says

Published 07:50 on October 30, 2024  /  Last updated at 07:50 on October 30, 2024  / /  Americas, Asia Pacific, EMEA, International

Achieving the goals of the Paris Agreement, and meeting the commitment made at COP28 last year to triple renewable energy capacity by 2030, needs commitments from governments, money from the private sector, but more than anything manufacturing and supply chains to develop further, the International Energy Agency (IEA) said in a report on Wednesday.

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BRIEFING: Vietnam looks at Korea, EU examples for international carbon offsets

Published 12:57 on October 29, 2024  /  Last updated at 20:14 on October 29, 2024  / and /  Asia Pacific, Carbon Taxes, CBAM, Other APAC, Voluntary

Vietnam is finalising the details of a decree outlining how emitters will be allowed to meet 10% of their greenhouse gas reduction obligation with foreign offsets and is looking to South Korea and the EU as examples, officials said Tuesday.

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