AU Market: ACCU price inches up despite “ghost town” conditions
The Australian Carbon Credit Unit Price (ACCU) has been gaining ground this week, despite a dip in liquidity, analysis and market participants said.
Read MoreAustralian voluntary cancellations down in May, amid declining trend
Cancellations of Kyoto-era carbon credits fell slightly in Australia’s national accounts, according to data from the Clean Energy Regulator, as buyers are looking to purchase fewer, but more high quality units to meet their ESG strategies, according to a supplier CEO.
Read MoreACX forms partnership to launch digital carbon exchange in Argentina
International carbon exchange ACX Group has teamed up with a local Argentinian marketplace to launch what it claims to be the country’s first digital carbon exchange, the company announced Wednesday.
Read MoreINTERVIEW: Australian coal methane’s reporting issues can and should be fixed ASAP
The most urgent reforms to address issues underlying the reporting of Australian coal mine methane emissions could also be adopted the quickest, according to one expert, however industry pushback is expected.
Read MoreNorth West Shelf approval to underpin ACCU demand for decades -analysis
Woodside’s North West Shelf facility will underpin demand in Australia’s carbon market for years, according to analysis published Monday, raising questions about the ability of the Safeguard Mechanism to deliver the country’s climate goals.
Read MoreSteel, industry groups keep Korean ETS in a stranglehold, analysis finds
Industry lobbying efforts have deliberately sought to weaken South Korean’s emissions trading scheme by demanding overly generous free allocation volumes to high emitting sectors, among other issues, according to analysis.
Read MoreBiodiversity handbook for renewable energy developers in Australian state takes effect
The Victorian state government’s guide for renewable energy project developers to limit their impacts on biodiversity took effect on Thursday, the government announced.
Read MoreAustralian renewable energy investment soared in 2024, but still not enough to meet climate targets
Clean energy investment in Australia in 2024 rose to A$9 billion ($5.7 bln), up 500% year-on-year thanks to renewable policy certainty, according to a report published Thursday.
Read MoreWoodside granted federal approval to operate North West Shelf until 2070
The Australian government has approved a proposal to extend Woodside Energy’s North West Shelf (NWS) gas facility to 2070, it announced Wednesday.
Read MoreFEATURE: Cooling credits spark debate over solar geoengineering
The founder of a company selling solar radiation modification (SRM) credits is open to working with governments and companies to expand its operations, touting the controversial technology as the only realistic option to hold off climate change, but experts are deeply divided on the matter, with one describing it as a dangerous techno-fix.
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