Carbon shifting from international value to domestic concern in India, says report
While India has been an active participant in international carbon markets, the introduction of its compliance ETS and the EU’s Carbon Border Adjustment Mechanism (CBAM) is shifting the carbon value to domestic companies, found a report.
Read MoreInternational NGOs, academics call on NZ govt to abandon climate law changes
More than 100 NGOs and academics from around the world have signed a letter to the New Zealand government, urging it to not proceed with planned changes to the country’s climate law which would limit tort claims for damage arising from climate change. Â
Read MoreBRIEFING: Optimism ahead of UN vote on landmark ICJ climate opinion
Environmental campaigners are optimistic that the UN General Assembly will vote on Wednesday to adopt a resolution to endorse last year’s historic International Court of Justice (ICJ) advisory opinion on climate change, which found that states have a legal obligation to cut GHG emissions.
Read MoreUNFCCC pilots Article 6 registries
The UN’s climate secretariat has launched test versions of registries to facilitate the transfer and trade of emissions reduction units under the Article 6 mechanisms, with a view to launching the final systems at the end of the year.
Read MoreNew Zealand govt refreshes VCM guidance
The New Zealand government has updated its guidance for voluntary climate change mitigation efforts, just days after it unveiled its strategy to grow the voluntary carbon and nature markets.
Read MoreNZ govt says historic low gas reserves justifies LNG terminal build, new exploration
New Zealand’s gas reserves have fallen to record lows, with the government saying this supports its decisions to build an LNG import terminal and permit new offshore oil and gas exploration.
Read MoreJapan’s GX-ETS to boost private international carbon purchases -report
Japan’s nascent carbon market has the potential to drive private sector demand for Article 6-aligned credits via the country’s Joint Crediting Mechanism (JCM), depending on future allowance allocation decisions, a report has found.
Read MoreNZ Market: NZUs ease down after rally draws sellers out
Prices in the New Zealand Emissions Trading Scheme (NZ ETS) have softened over the past week, under pressure from sellers who came to the market as it rallied at the start of May.
Read MoreAustralian agency announces shortlist for new round of hydrogen funding
The Australian Renewable Energy Agency (ARENA) on Wednesday announced the shortlisted projects for the second round of funding under the Hydrogen Headstart programme.
Read MoreNZ govt slammed over move to ban climate tort claims
Planned amendments to New Zealand’s core climate change law to limit tort claims arising from climate impacts has been criticised, with one legal observer telling Carbon Pulse it marks an “egregious departure” from government norms.
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