PREVIEW: NZU auction unlikely to clear yet again, as gap to price floor remains
This week’s carbon allowance auction in New Zealand is unlikely to see any NZUs clear, market participants predict, as the secondary market continues to languish below the auction price floor.
Read MoreAustralian Guarantee of Origin certificates to be recognised under NGER amendments
Australian companies will soon be able to retire certificates documenting their use of renewable gases they use as part of amendments made to the country’s emissions reporting framework, according to an outcomes paper published Friday.
Read MoreNew Zealand proposes to establish govt-endorsed biodiversity credits
The New Zealand government wants to use biodiversity pilot projects as a test case that could eventually lead to the generation of nationally endorsed nature credits as a branded investment product, it announced Thursday.
Read MoreSafeguard Mechanism will push facilities to decarbonise “over time”, regulator says
Falling emissions caps for facilities covered under the Safeguard Mechanism will cut the generation of below-baseline credits and push Australia’s largest polluters to invest in on-site abatement, a report by the regulator said Thursday.
Read MoreForestry group slams NZ’s proposed ballot system for planting restrictions
A New Zealand forestry group has blasted the government’s proposal to establish a ballot system as part of its farm-to-forestry restriction legislation, describing it as “political compromise dressed up as land-use regulation”.
Read More“Loose” rules will see NZ farmers skirt exotic forestry restrictions, report finds
The New Zealand government’s “loose” limits on farm to forestry conversions will see land continued to be forested, as the volume of overseas investment in forestry rose in the last two years, according to a report published Wednesday.
Read MoreNZ government sued over weak Emissions Reduction Plan, reliance on tree planting
A prominent legal group is taking the New Zealand government to court over its Emissions Reduction Plan (ERP), alleging it fails to fulfil basic requirements of the law.
Read MoreNew Zealand introduces farm-to-forestry limitation bill, NZU price creeps up
The New Zealand government has introduced its long-awaited legislation design to limit the amount of agricultural land being converted to exotic forestry in the emissions trading scheme, with the NZU price rising in response.
Read MoreNZ Market: NZUs trade higher as forestry tug-of-war continues
The New Zealand carbon allowance price has climbed upwards in recent days and is breaking free of its rangebound trend, as the forestry sector is blamed for driving down sheep flock numbers.
Read MoreBRIEFING: Australia set to miss Great Barrier Reef water pollution targets, will review marine park protections
Australia is likely to miss targets designed to shield the Great Barrier Reef from water pollution, a report this week has found, as environmental groups eye upcoming opportunities to push the government to increase broader ocean protection measures.
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