Woodside reports net emissions drop, as it expands South American carbon project
Australian oil and gas producer Woodside Energy says it has reduced its net emissions in 2024 compared to its baseline even as its overall gross emissions rose, as the company expanded a carbon credit project in South America.
Read MoreAustralia more than doubles annual land clearing rate in 2024, analysis finds
The Australian government approved the clearing of more than 25,000 hectares of threatened species habitat in 2024, more than double compared to the previous year, according to an analysis published Tuesday.
Read MoreAustralia’s CEFC, Rabobank commits A$200 mln to environmental plantings project developers
The Clean Energy Finance Corporation (CEFC) has announced a programme with Rabobank Australia to commit A$200 million ($124 mln) to help reduce upfront costs of environmental plantings carbon projects in the country.
Read MoreCLARIFICATION- Indonesia sees low volume, low price in inaugural correspondingly-adjusted carbon credit auction
Indonesia’s National Carbon Exchange (IDX Carbon) saw around 2.5% of units offered trade at less than $6 each at its inaugural sale of correspondingly-adjusted Indonesia Authorised Carbon Credits (IACCs), held Monday.
Read MoreNZ Market: NZU price remains rangebound, as minister expands portfolio
New Zealand carbon allowances remain below the auction price floor with little movement expected until the next government auction in March, as the country’s climate minister has been given a broader remit in a cabinet shakeup.
Read MorePREVIEW: High hopes for Indonesian exchange’s first international carbon credit sale, but doubts raised over buyer interest
Indonesia’s first international sale of carbon credits on its national exchange next week has been hailed as an exciting development for the country’s market, but observers have raised concerns that there could be a lack of interested buyers for a multitude of reasons.
Read MoreNew Forests closes A$600 mln Australian, NZ landscape and forestry fund
Global forestry investment manager New Forests has announced the final close of its fund focussing on Australian and New Zealand forestry and landscapes, successfully raising A$600 million ($372 mln).
Read MoreAustralian voluntary carbon credit cancellations sink in 2024
Voluntary cancellations of Kyoto-era carbon credits in Australia’s national accounts fell by around 45% in 2024, according to recently published data from the Clean Energy Regulator (CER).
Read MoreGlut of Safeguard Mechanism Credits forces Macquarie to cut ACCU price outlook by 10%
The larger than expected supply of Safeguard Mechanism Credits (SMC) has led to Macquarie lowering its long-term price forecast for Australian Carbon Credit Units (ACCUs) by 10%.
Read MoreNew Zealand carbon permit stockpile shrinks by almost 10 mln in 2024
The number of carbon allowances for the New Zealand emissions trading scheme in the country’s registry shrank by almost 10 million last year as the several failed quarterly auctions meant the permits used for compliance were not fully replaced.
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