Australia’s Clean Energy Regulator writes to Safeguard entities over ACCU compliance concerns -source
The Clean Energy Regulator has written to entities covered under the Safeguard Mechanism raising concerns that they are not implementing strategies fast enough to meet their compliance obligations ahead of the February surrender deadline, a source has told Carbon Pulse.
Read MoreAustralian pension fund tips $400 mln into Macquarie NBS, renewables fund
Superannuation fund UniSuper on Friday announced a $400 million investment in the Macquarie Green Energy and Climate Opportunities Fund (MGECO), which invests in renewable energy and nature-based solutions.
Read MoreAustralia’s Queensland legislates emissions reduction target of 75% by 2035
Australia’s state of Queensland on Thursday passed legislation to reduce the state’s emissions by 75% by 2035, as well as to achieve 80% renewable energy generation by the same date.
Read MoreANALYSIS: Australian landfill gas method rework consultation ‘imminent’ as ERAC assessment deemed litmus test for overhauled body
The Australian government is expected to ‘imminently’ release a discussion paper on the rework of its landfill gas methodology and likely finalise it by the end of the year, but market participants are still left guessing what will be done with one of the market’s biggest-yielding project types.
Read MoreID Market: March data shows carbon exchange extends quiet period
Monthly data from Indonesia’s carbon exchange saw March traded volumes rise slightly higher, but the market still remains largely dormant.
Read MoreSBTi Scope 3 decision could create a $1.1 trillion carbon market -BNEF
Annual demand for high quality carbon credits under the Science-based Target initiative’s (SBTi) proposed new Scope 3 emissions offsetting rules could reach 5.9 billion tonnes by 2050, according to analysts, despite the significant uncertainty caused by the backlash in the wake of the announced changes.
Read MoreCarbon project developer, non-profit create tokenised ‘co-benefit unit’ to be attached to ACCU issuance
Australian Carbon Credit Units (ACCUs) issued to a project in Western Australia will be stapled to independently verified ‘co-benefit units’ tokenised on blockchain, according to its developers.
Read MoreAustralia to introduce bill to establish EPA, but defers crucial environmental law reforms
The Australian government will introduce legislation to establish national environmental protection and information bodies, but has split reforms that would strengthen laws underpinning them into a separate tranche.
Read MoreIEA, GenZero say tech-based carbon credits could be used to fund low-emissions hydrogen, SAF, DAC
High-quality carbon credits could be a “potentially important” tool to incentivise investment in low-emissions hydrogen, sustainable aviation fuel (SAF), and direct air capture (DAC) projects in order meet production targets required to achieve the world’s climate goals, a joint report released Tuesday found.
Read MoreSingapore, NZ leaders agree to cooperate on carbon markets
Singapore and New Zealand have agreed to work together on carbon markets as one of several green economy measures, according to an agreement signed between the two countries Monday.
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