Australian govt defers nature positive bills until after election
The Australian government has deferred legislation to establish federal environmental protection and information-gathering agencies until after the upcoming election, local media reported.
Read MoreConservation group to set up Indigenously co-owned REDD+ project
Global non-profit Conservation International (CI) is looking to establish an Indigenously co-owned carbon project in the Philippines, using Verra’s latest REDD+ methodology.
Read MoreAustralia’s CEFC, NAB team up with to offer A$300 mln to reduce emissions
The Clean Energy Finance Corporation (CEFC) and National Australia Bank (NAB) announced a A$300 million ($186 mln) co-financing programme to help manufacturers, businesses and farmers transition to net zero emissions.
Read MoreBRIEFING: Pacific, Caribbean islands face upfront carbon project financing challenges as banks exit en masse
Small island developing states (SIDS) in the Pacific and Caribbean are seeing an exodus of international financial institutions, while correspondent banking relationships (CBRs) granting local banks access to capital markets have also evaporated, posing challenges for the development of Article 6 projects in the region.
Read MoreNew Zealand announces modest target increase in 2035 NDC
New Zealand on Thursday announced its nationally determined contribution (NDC) for 2035, modestly deepening its emissions reductions goal while switching to a single-year target from a multi-year one in the current decade.
Read MoreConservation group raises alarm over glaring loophole in South Australia Biodiversity Act
A provision in South Australia’s proposed Biodiversity Act could see the legislation disregarded completely at the government’s discretion, according to a land conservation group urging it to be removed.
Read MoreAPAC carbon credit provider appoints new CEO
An Asia Pacific carbon credit provider has appointed a new CEO, with the current chief moving to a new role as the company expands its project development work, the developer announced Thursday.
Read MoreValue of Australian carbon market grew by 31% in 2024 -analysis
The value of the Australian Carbon Credit Unit (ACCU) Scheme reached A$1.1 billion ($688 mln) in the 2024 calendar year as a direct result of compliance buying by companies covered under the Safeguard Mechanism, a report published Tuesday has found.
Read MoreNZ Market: NZUs hit 13-month high
The price of carbon allowances in the New Zealand emissions trading scheme reached an annual high on Thursday amid large trading volumes.
Read More2024 ACCU issuance hits record high, but short of regulator forecast
Last year saw some 18.78 million Australian Carbon Credit Units (ACCUs) issued to projects, a record high, but short of the 20 mln initially expected by the Clean Energy Regulator (CER), highlighting longer-term supply concerns.
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