NZ Market: NZU price rangebound with steady, ‘boring’ activity as stockpile expected to fall significantly longer term
The NZU market has been drifting through calm waters with prices largely rangebound in line with market expectations, as it now looks to the supply shortfalls on the horizon.
Read MoreGlobal dairy giant Fonterra cuts operational emissions by 18%, but Scope 3 remains stubbornly high
New Zealand-headquartered dairy co-op Fonterra cut operational emissions by 18.5% in FY2024, according to its annual report published Wednesday, but has made little little progress on its Scope 3 emissions.
Read MoreSafeguard ACCU holdings continue to grow as issuance climbs
Entities covered under Australia’s Safeguard Mechanism have continued to hoard carbon credits to meet their expected compliance demand as unit issuance grows, albeit not as fast as the Clean Energy Regulator (CER) previously expected.
Read MoreSafeguard Mechanism baselines likely to tighten in upcoming review, bank predicts
The legislated review for Australia’s Safeguard Mechanism will likely see the scheme’s baselines tighten to meet more ambitious emissions reduction targets, which would ultimately be bullish for carbon credit prices, according to a bank’s analysis.
Read MoreChubb review in the spotlight as lead scientist calls CER’s interference “entirely inappropriate”
The lead scientist in the government’s independent review of Australia’s carbon market has described Clean Energy Regulator (CER) executives contacting scientists submitting feedback as “interference” and “entirely inappropriate”.
Read MoreAU Market: Bank forecasts ACCU price to climb 50% by next year as Safeguard demand begins to awake
One of Australia’s largest banks have forecast the price of the country’s carbon credits to double by this time next year.
Read MoreINTERVIEW: Either have a market or don’t, Australian project veteran tells government, industry
A carbon project developer who went public this week over what he sees as a self-serving and nepotistic industry has urged the government to remove so-called flexibility measures under the Safeguard Mechanism.
Read MoreAustralian carbon trading firm raising A$25 mln – media reports
An Australian carbon trading company is seeking A$25 million ($17 mln) to expand into Asia, according to local media.
Read MoreAustralian trio’s reef credits method approved by market administrator
Three Australian companies have announced their method to allow landholders to earn reef credits from improved grazing land management that seeks to boost soil health and improve water quality at the Great Barrier Reef (GBR) has been approved by the market’s overseer.
Read MoreXpansiv, S&P, CME Group collaborate on ACCU market products
A group of global trading houses will collaborate to offer new price assessments and products focussed on the growing Australian Carbon Credit Unit (ACCU) market, they announced Thursday.
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