FEATURE: Net zero-driven carbon credit demand set to reshape offset market
Demand for carbon offset credits is set to rise as governments and businesses seek to make good on pledges to achieve net zero emissions in the future, but the market itself will also change dramatically, according to experts.
Read MoreCountries should consider pausing global carbon market talks -NZ minister
Disputes over the rules for the markets chapter of the Paris Agreement may not be reconcilable and countries should consider pressing pause on these talks for a few years, New Zealand’s climate minister James Shaw said Wednesday.
Read MoreNZ names Climate Change Commission members
New Zealand on Tuesday named the panel of experts that will make up the country’s newly-established Climate Change Commission.
Read MoreVeteran climate lawyer launches climate investment and advisory business
A veteran climate policy and carbon market lawyer has launched a climate change advisory and investment business, aiming to raise $3 billion across investment funds to facilitate the transition to a net-zero and climate resilient future.
Read MoreNew Zealand PM firm on need for agriculture emission cuts amid ETS talks
New Zealand Prime Minister Jacinda Ardern on Wednesday reiterated the need to reduce carbon emissions from agriculture and the opportunities such action might bring, speaking amid a domestic row that is delaying plans for how to bring the sector into the NZ emissions trading scheme.
Read MoreArticle 6 failure at COP25 could force bilateral carbon market links, experts say
Failure to agree on rules for Article 6 at this year’s UN climate talks in Chile could see countries like Australia and New Zealand forging their own bilateral links to get access to the international credits they need to fulfil their Paris Agreement pledges, market experts warned Wednesday.
Read MoreNew Zealand government names climate commission chair-designate
New Zealand climate change minister James Shaw announced the chairperson of the country’s independent Climate Change Commission on Tuesday.
Read MoreBattle over agriculture emissions threatens NZ govt’s pursuit of bipartisan climate policy
New Zealand’s opposition National party is threatening to not support the coalition government’s Zero Carbon Act, as disagreement over how to handle the country’s agriculture emissions heats up.
Read MoreNew Zealand agriculture sector to face carbon price from 2025
New Zealand’s government has reached an agreement with farmers to price the sector’s GHG emissions starting in 2025.
Read MoreAustralia’s Labor party eyes bilateral deals for international carbon credits
Australia’s opposition Labor party would likely pursue bilateral agreements for carbon trading as part of a beefed-up Safeguard Mechanism if elected, as an international market under the Paris Agreement will take time to develop.
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