AU Market: ACCUs rally to year-to-date high as traders hedge against price risk
Australian Carbon Credit Units (ACCUs) closed at A$36.10 ($23.40) Friday which was their highest price since January and represented a rise of A$1.45 over the prior week while they rose again to close at A$36.50 Monday.
Read MoreAustralian Productivity Commission backs Safeguard expansion, but no change to ACCU use
Australia’s Productivity Commission (PC) has released its interim report on achieving net zero, recommending the Safeguard Mechanism be expanded by lowering the participation threshold while not putting a cap on the number of Australian Carbon Credit Units (ACCUs) that can be used to meet requirements.
Read MoreImpact investment fund mobilises $100 mln for Pacific power transition
Impact investment fund Camco has launched a new $100 million fund called TIDES to support development of solar, wind, and mini-grid projects in six Pacific nations.
Read MoreAPAC carbon fintech firms partner for platform interoperability
Singapore-based Climate Impact X (CIX) and an Australian financial tech firm have signed an agreement to support environmental market growth by exploring interoperability between their platforms, the two said Thursday.
Read MoreCoal mine expansions risk methane bomb that puts 1.5C out of reach -think tank
The world needs to drastically reverse its huge expansion of coal mines if it is to reach net zero and keep warming at or below 1.5C, given the upstream methane bomb these mines represent, a think tank warned this week.
Read MoreAustralian green hydrogen focus should be on green iron and other easy wins -think tank
Australia must narrow its green hydrogen focus and zoom in on value-add projects if the government is serious on developing a clean new industry and lowering emissions, a note from a think tank said Tuesday.
Read MoreNSW proposes new coal mine methane regulations, emissions reduction guides
The New South Wales Environmental Protection Authority (EPA) in Australia launched a consultation Tuesday on new requirements and guidance for industry to cut GHG emissions, starting with coal mines.
Read MoreIndonesia sees JETP cash, $5-6 bln more in pipeline -official
The International Partners Group (IPG) has disbursed $1.2 billion of cash in Indonesia via the Just Energy Transition Partnership (JETP) and has another $5-6 bln on the way, a senior official said Monday.
Read MoreNSW court halts coal mine expansion amid emissions concerns
In Australia, a New South Wales court ruling has halted the planned expansion of a coal mine that would have seen operations continue until 2048.
Read MoreBRIEFING: Government support for CCS key for social license
Australian government support for the growing carbon capture and storage (CCS) industry is key to developing public trust in a practice its proponents say is central to decarbonisation, according to industry representatives.
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