NZ Market: NZU prices plunge as experts question climate commission’s ETS advice
NZU prices fell by around 5% on Monday as experts raised concerns about the Climate Change Commission’s advice on emissions trading scheme settings.
Read MoreAustralia Market Roundup: Greens urge govt to use Safeguard rules to block new coal and gas projects
The Australian Greens on Monday said the government could use rules under the Safeguard Mechanism to halt new coal and gas projects, making it a key demand in a potential deal to form a minority government.
Read MoreACCU issuance shrinks in first quarter, regulator data shows
Australian Carbon Credit Unit (ACCUs) issuance has shrunk in the first quarter of 2025, according to data published by the Clean Energy Regulator Thursday.
Read MoreBRIEFING: Shell’s Prelude will not be an eternal source of SMCs
Shell, experts, and the Clean Energy Regulator have sought to allay concerns that the Prelude floating LNG facility will be the source of an infinite supply of Safeguard Mechanism Credits (SMCs).
Read MoreANALYSIS: Australian market uneasy about coal, oil, and gas dominating SMC issuance
Market participants have raised concerns over the way Safeguard Mechanism Credits (SMCs) are being generated, with data released by the Clean Energy Regulator showing they are largely being issued to coal as well as oil and gas facilities.
Read MoreSafeguard Mechanism compliance sees 7.1 mln ACCUs surrendered, 2.7 MtCO2e reduced
Entities covered under the Safeguard Mechanism surrendered 7.1 million Australian Carbon Credit Units (ACCUs) in 2023-24, as the scheme completed its first compliance cycle after extensive reforms were introduced.
Read MoreAustralian voluntary cancellations plummet in March
Clean Energy Regulator data showed just 154,000 Kyoto-era carbon credits were cancelled in Australia’s national accounts in March, a substantial slide compared to the previous month when 417,000 credits were cancelled.
Read MoreBRIEFING: Australia on the cusp of biochar boom, but policymakers yet to catch on
Australia is on the verge of massively boosting its production of biochar thanks to a single large project, but the sector and its benefits are still relatively unknown in policymaker circles, according to proponents.
Read MoreStakeholders urge ACCU method development work to be moved back to the Clean Energy Regulator
Several participants in the Australian carbon market on Friday called for the responsibility for developing new carbon credit methods to be transferred back to the Clean Energy Regulator, saying the pace of development has slowed since the government took over in 2023.
Read MoreAustralian project developers highlight other ACCU demand sources if Safeguard weakened
There are other sources of demand for carbon credits if the Coalition wins the upcoming election and are successful at weakening the Safeguard Mechanism, a conference heard Friday.
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