CIX to launch CORSIA carbon credit spot contract
Singapore-based Climate Impact X (CIX) Thursday announced plans to launch its first standardised physical spot contract for Eligible Emissions Units (EEUs) under the CORSIA international aviation offsetting scheme.
Read MoreAustralian invertebrate extinctions laying waste to govt’s protection pledge, study finds
Between 1-3 Australian insects and other native invertebrate species are becoming extinct every week, according to a peer-reviewed study published this week, revealing the country’s biodiversity crisis is far greater than previously recognised.
Read MoreINTERVIEW: Climate plan will force New Zealand to rely more on overseas carbon credits
The New Zealand government’s second Emissions Reduction Plan (ERP) means it will have to rely more on overseas carbon credits to meet its 2030 Nationally Determined Contribution (NDC), according to Labour Party MP and spokesperson on climate change Megan Woods.
Read MoreUPDATE- New Zealand resists major changes in latest emissions reduction plan
New Zealand on Wednesday released its final emissions reduction plan for 2026-30, sticking to the same target budget as in the July draft despite coming under criticism for it.
Read MoreAustralia consults on sunsetting unused ACCU methods
The Australian government is seeking feedback on how carbon credit methodologies that have not been taken up should be retired.
Read MoreGold Standard flags World Bank’s MIGA as its only recognised insurance policy for CORSIA credits
Gold Standard on Monday published new guidance on the approval process of its carbon credits for use under the first phase of the CORSIA global aviation offsetting scheme, stating that only projects insured via the World Bank’s Multilateral Investment Guarantee Agency (MIGA) will be deemed eligible.
Read MoreNSW EPA to increase transparency on coal mine emissions
The New South Wales Environmental Protection Agency (EPA) is looking to strengthen GHG emissions regulations at its coal mines, based on feedback on how licences are governed.
Read MoreNZ Market: NZU secondary price retreats as emitters well-supplied
The price of NZUs has slid back noticeably since last week’s auction, as market observers note the healthy volumes traded in the lead up to the sale means the market is well-stocked.
Read MoreAustralia commits A$165 mln to APAC energy transition investments
Australia has committed to spend A$165 million ($106 mln) through various initiatives towards domestic and regional decarbonisation technology initiatives, including critical minerals, hydrogen, and renewable energy.
Read MoreRio Tinto calls for global carbon pricing to encourage investments in hard-to-abate sectors
The world will need to embrace fundamental demand drivers, such as more entrenched carbon pricing, in order to drive decarbonisation of hard-to-abate mineral processing work and encourage buyers’ willingness to pay a green premium, global miner Rio Tinto told shareholders Thursday.
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