Long wait for Australian methane emissions reporting fix
The emissions reporting issues underlying the generation of Safeguard Mechanism Credits (SMCs) will likely remain unresolved for some time, with an expert panel not due to finalise their work until June 2027, according to a terms of reference published Friday.
Read MoreBRIEFING: Indonesian nature and biodiversity projects stuck in holding pattern
Nature-based carbon projects in Indonesia are hoping for a change in market sentiment, as they await government regulations to allow them to begin trading again.
Read MoreCLARIFICAITON- Rio to limit carbon credits use to 10% of its 2030 emissions target, rules out SMCs, climate report says
Miner Rio Tinto will now use carbon credits to meet some 10% of its 2030 climate targets, and will rule out using Safeguard Mechanism Credits (SMCs) to meet its emissions reduction targets.
Read MoreINTERVIEW: ACCU futures interest grows despite slow start, CME executive says
Behind-the-scenes work is underway by entities looking to use futures contracts in Australia’s carbon market as demand is expected to grow, despite the current lack of liquidity, according to the head of one such futures exchange.
Read MoreNew Zealand’s Fonterra announces cash payments to farmers that cut emissions
New Zealand dairy co-op Fonterra will introduce payments for farms that achieve emissions reductions below certain thresholds, it announced Tuesday.
Read MoreAU Market: Fourth pilot exit results highlight longer-term supply fears
The results of the fourth pilot exit window released Friday sent Australian Carbon Credit Units (ACCUs) prices higher, with participants noting it underlines longer-term supply concerns in the market stemming from underperforming carbon abatement contracts (CACs).
Read MoreBRIEFING: Indonesia’s ETS is expanding, but multiple handbrakes are holding it back, experts say
Indonesia’s power sector emissions trading scheme (ETS) entered its second phase at the beginning of this year, however multiple policy and regulatory issues mean it has yet to be an effective tool for emissions reductions, according to experts.
Read MoreDelayed ACCU issuances see fourth exit pilot window slump, prices jump
The volume of Australian Carbon Credit Units (ACCUs) exiting and being delivered during the fourth pilot window is far lower than previously predicted, according to results published by the Clean Energy Regulator (CER) Friday, with more than half being rescheduled.
Read MoreIndonesia to expand ETS to cover four industrial sectors -media
Indonesia appears to be planning to expand its emissions trading scheme to cover four hard-to-abate sectors, as well as begin efforts to launch blue carbon trading, various ministries told local media Thursday.
Read MoreAustralia should find ways to better link carbon, biodiversity outcomes, report says
A report published Friday by industry and regional advocacy groups in Australia urged the government incentivise dual carbon and biodiversity outcomes through new frameworks, funding, and requirements.
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