AU Market: ACCU price holds, as traded volumes slip, contract exit arrangement requests open
Australia’s carbon market continues to meet resistance above the A$38 ($26.37) mark, as monthly volumes continue to trade below 2025 levels, while the start of the financial year saw applications open for the the new permanent exit arrangements for carbon contract holders.
Read MoreDATA DIVE: Forestry units sees NZ stockpile inch up in June as ETS applications stay low
Forestry allowance issuances has been attributed to NZU holdings growing modestly in June, according to EPA data published Tuesday, as new applications into the ETS continue to remain flat.Â
Read MoreAustralian court cases to push back against govt gas approval
Upcoming court cases are challenging the Australian environment minister’s decision to approve the North West Shelf (NWS) gas facility’s exporting licence, and will argue he failed to consider the impacts of its emissions on native wildlife, among other issues.
Read MoreAgriculture body seeks panel members to develop new livestock ACCU method
An Australian agriculture body is seeking expressions of interest to help it develop a new method it has been assigned by the government to create.Â
Read MoreAustralian electricity generators push back against being included in Safeguard Mechanism
An industry body representing Australia’s electricity producers has argued against folding the sector into the Safeguard Mechanism, arguing it will be inefficient, legally complex, and lead to higher operating costs.
Read MoreAustralia’s Climate Change Authority grapples with Safeguard onsite abatement, baseline decline rates
Australia’s Climate Change Authority (CCA) is seeking feedback on key aspects of the Safeguard Mechanism, including onsite abatement and baseline decline rates, as part of broader advice to the government on achieving the country’s climate targets.Â
Read MoreAustralia’s Clean Energy Regulator appoints acting CEO
The Clean Energy Regulator has appointed an acting CEO and chair as David Parker steps down after nine years at the helm.
Read MoreAustralian bank signs large ACCU offtake deal with Indigenous carbon project group
One of Australia’s ‘Big Four’ banks on Wednesday signed its largest-ever purchase of Australian Carbon Credit Units (ACCUs), securing around 150,000 credits over five years from an Indigenous-owned carbon project developer.
Read MoreAustralia consults on first offset-capable Nature Repair Market method
Australia’s Nature Repair Committee is seeking feedback on the draft enhancing native vegetation (ENV) method, the first that would be allowed to be used for offsetting purposes, it announced Wednesday.
Read MoreBHP pushes efforts to cut blast furnace emissions over other steelmaking processes
Miner BHP has argued attention should focus on cutting emissions from traditional blast furnaces, through carbon capture utilisation and storage (CCUS) and other technologies, due to the technique’s dominance in global steelmaking supply chains.
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