AU Market: ACCU volumes surge as options drive derivatives market
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.
Read MorePNG relents on COP29 delegation but will still “liquidate” own forests without finance, PM warns
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.
Read MoreAU Market: ACCUs breach A$40, continue upward as host of factors puts fire under the market
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.
Read MoreCIX to publish carbon ratings on-site to aid trade
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.
Read MoreNine Vietnamese projects approved for JCM
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.
Read MoreKorean PM unveils Hydrogen City plan, promises to become leader in liquid hydrogen shipping
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.
Read MorePNG closer to carbon market, confirms COP29 boycott
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.
Read MoreAustralian junior discovers rare element used in fusion energy
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.
Read MoreManufacturing, supply chains crucial to net zero, IEA report says
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.
Read MoreBRIEFING: Vietnam looks at Korea, EU examples for international carbon offsets
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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