Indonesia’s 2040 coal phase-out target difficult, could hit ratings -agency
Indonesia’s recently announced 2040 target coal phase-out date may be unrealistic and could affect power and resource sector companies’ credit ratings if the government adjusts its policy approach to meet the goal, a leading rating agency warned over the weekend.
Read MoreOrganic matter decomposition study finds best type of wetland for carbon storage
Wetlands across the world are releasing more carbon and sequestering less when temperatures increase, a study using an unusual proxy tool has found.
Read MoreACCU price expected to more than double over the next the next decade, survey finds
The price of an Australian carbon credit is set to more than double in the next decade, a majority of business owners surveyed believe.
Read MoreAustralian law firm ordered to pay A$9 mln in court costs after losing pipeline case
A law firm that took on one of Australia’s largest oil and gas companies has been ordered to pay its legal costs of over A$9 million ($5.84 mln) after it lost the case.
Read MoreANALYSIS: London Protocol amendment ratification takes effect in Australia, allowing for transboundary CCS
Australia’s ratification of a key amendment to the London Protocol went into effect Thursday allowing the shipping transport of CO2 between nations, meaning its plans to become a regional hub for an emerging carbon capture and storage (CCS) industry is one step closer, but more is needed to provide the kind of policy certainty that secures investment and carbon markets are seen unlikely to play a material role in financially de-risking projects.
Read MoreAustralian bank cuts fossil funding, but accused of leaving “giant” loophole
The third Climate Report released Thursday by one of Australia’s top four banks showed it has cut more money for fossil fuels developers, but an activist shareholder group said it still has loopholes.
Read MoreAU 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.
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