Australian Coalition would weaken, not scrap Safeguard Mechanism -media
Australia’s opposition Coalition would seek to weaken the Safeguard Mechanism, but not scrap it altogether, local media reported Monday, however little details were revealed beyond that.
Read MoreBRIEFING: The little-known rule that gives Australia’s carbon market oversight body real teeth
Australia’s Emissions Reduction Assurance Committee (ERAC) late last year invoked a rule it has never used before which could have significant implications for the four methodologies it is currently reviewing.
Read MoreAustralia commits fundings to Nature Repair Market projects
The Australian government has announced funding in the upcoming budget will underpin projects in its Nature Repair Market (NRM).
Read MoreNZ Market: NZU price hits 6-mth low as buyers step away
The New Zealand Unit (NZU) spot price fell by 2.5% on Friday in the wake of this week’s declined auction, as the government updated free allocation settings to one of its biggest emitters.
Read MoreBRIEFING: Too early to predict credit issuance impact on Cambodian REDD+ projects from dam developments, operator says
Proposed hydropower dams will likely cut a small swathe through several active and proposed REDD+ projects in Cambodia, but its operator says it is too early to say how the work will impact carbon credit issuance.
Read MoreAccounting for Nature unveils plans to launch commercial entity
Environmental accounting non-profit Accounting for Nature (AFN) has unveiled plans to launch a separate commercial entity which will draw from its environmental measurement standards to develop natural assets.
Read MorePollination launches $10-mln capital raising to fund reforestation project in Timor-Leste
Global carbon advisory and project developer Pollination has unveiled a $10-million capital raise to fund for a reforestation project in Timor-Leste that it expects to see first credit issuance from within 12 months.
Read MoreUPDATE- First NZ ETS auction of 2025 fails in another bidless round
The first New Zealand ETS auction for 2025 has failed to clear, with no one showing up to bid, in line with market expectations.
Read MoreAustralia Market Roundup: IFLM method shrinks grazing definitions, ACCU issuance rises
Commentary has highlighted ongoing uncertainty around the particulars of the closely-followed integrated farm land management (IFLM) method, while the issuance of Australian carbon credits rose in February.
Read MoreID Market: Int’l trading fades away as domestic buying dominates
Indonesia’s carbon market saw a large uptick in traded volumes in February, data published by its National Carbon Exchange (IDX Carbon) showed, however this was largely only domestic players, with international trading almost absent.
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