New Zealand appeals court dismisses climate change inaction case against govt
New Zealand’s Court of Appeals has struck out a long-running case against the government over its failure to act on climate change, but left the door open for rights-based climate cases in the country.
Read MoreAustralian landfill gas ACCU project developer forms JV to build new assets
A waste company has partnered with one of Australia’s biggest landfill gas carbon credit project developers to form a joint venture to develop assets in New South Wales.
Read MoreNew Zealand seeks views on how to encourage native afforestation on govt land
The New Zealand government is seeking expressions of interest to partner with the private sector to plant native trees on Crown-owned land, without adding extra forestry to the emissions trading scheme.
Read MoreAustralian oversight body consults on coal mine waste gas method
Australia’s carbon market oversight body has launched a consultation on whether the coal mine waste gas method still meets its offset integrity standards (OIS) and whether it should be remade when it is due to expire in March next year.
Read MoreAustralia Market Roundup: Gas companies secure offshore CCS assessment permits, regulator mints 500k ACCUs
Several Australian companies were awarded offshore GHG assessment permits Wednesday as part of the process to potentially begin work on offshore carbon capture and storage (CCS) projects.
Read MoreEY report estimates surplus NZUs at 22% lower than govt assessment
The number of surplus units in New Zealand’s emissions trading scheme is around 22% lower than government figures suggest,though regulators should be cautious about adjusting ETS auction volumes based on this finding, according to consultants EY.
Read MoreFree NZU allocation to New Zealand’s largest gas user distorting the market, report says
The free allocation of New Zealand Units (NZUs) to methanol producer Methanex could be keeping its facility afloat, but is distorting the dynamics of the country’s emissions trading scheme, a report said Tuesday.
Read MoreAustralian oversight body bars new beef herd management project applications over method integrity concerns
Australia’s Emissions Reduction Assurance Committee (ERAC) on Tuesday ordered applications for new projects under the beef herd management method be suspended amid integrity issues.
Read MoreNew Zealand confirms new ETS forestry charge
The New Zealand government confirmed Tuesday it will set the annual charge for forest owners in the country’s emissions trading scheme (ETS) to NZ$14.90 ($8.60) per hectare.
Read MoreVerra refutes experts’ critiques on its REDD+ method being granted CCP status
Carbon credit standards body Verra has hit back against criticism aimed at its REDD methodology being approved under the Core Carbon Principles (CCPs) framework, describing the scrutiny as “flawed and inaccurate”.
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