AU Market: ACCU prices rise 6% year-on-year in May as compliance activity solidifies
Australian carbon prices steadily climbed to higher levels last month, thanks to consistent compliance activity that suggests a maturing market, according to intelligence companies.
Read MoreNZ climate minister at odds with ministry over ETS setting updates, documents show
Cabinet documents published Thursday showed a rift between New Zealand’s climate minister and his ministry over how often the country’s ETS price controls and settings should be updated.
Read MoreNew Zealand confirms lower annual forestry ETS charges, new service charges
The New Zealand government has given the nod to lowering ETS annual charges for foresters, as well as introducing several new service fees, it announced Wednesday.
Read MoreSingapore’s share of ACCU holdings grow due to intermediaries, regulator says
Singapore-based intermediaries have a growing presence in Australia’s carbon market, according to data published by the Clean Energy Regulator, largely due to surrendering credits on behalf of clients.Â
Read MoreAustralia’s battery boom helps set record renewable rollout, govt says
Rooftop renewable energy installations have reached record levels in the first quarter of the year, aided with the globally significant rollout of batteries across the country, according to a report from the Clean Energy Regulator, published Wednesday.
Read MoreBRIEFING: Proposed power to bar problem ACCU methods will undermine market confidence, consultation feedback claims
Australia’s proposed reforms to its carbon market have been broadly welcomed by groups as a long-awaited step towards shoring up integrity in the scheme, but some have urged parts of it to be scrapped, citing market confidence concerns.
Read MoreAustralian project developer sees executive team quit
An Australian carbon project developer has seen four members of its executive team leave the company in recent weeks, blaming what they said was a shift in company culture thanks to its new CEO and shareholders.
Read MoreAustralia’s New South Wales commits A$225 mln to low carbon manufacturing, clean tech innovation
The New South Wales state government has announced A$225 million ($161 mln) in grant funding to go towards a broad range of clean tech innovation and manufacturing initiatives.Â
Read MoreBRIEFING: Energy shock will lead to short-term pain, but long-term gain for Asia Pacific’s energy transition
Asia Pacific countries have responded to the global energy shock by delaying key carbon pricing and tax policies, however this will likely be replaced with renewed efforts to transition away from fossil fuels in the future, experts have said.
Read MoreAustralian companies acknowledging, but not acting on, climate risks -analysis
Australia’s largest corporates have flagged the serious climate risks their operations face, but are doing little to address it, according to analysis, as questions around carbon credit disclosure are also raised.
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