Australia’s National party introduces bill to limit ACCU methods over Koala Park additionality concerns
Australia’s National party on Monday introduced an amendment into Parliament attempting to limit what has been described as non-additional carbon credit methodologies from being approved.
Read MoreAU Market: ACCU price hits year-to-date high, Shell’s SMC issuance faces further scrutiny
Spot prices in Australia’s carbon market reached year-to-date highs on Friday, as Shell’s Prelude FLNG facility faces fresh questions over how it is allocated Safeguard Mechanism Credits (SMCs).Â
Read MoreNZ opens first ballot to register exotic forestry on marginal land in ETS
Applications officially opened on Friday for New Zealand foresters to enter the first ballot to register exotic forestry on marginal land in the country’s ETS.
Read MoreINTERVIEW: Indonesia needs ‘period of calm’, REDD+ project developer says
The CEO of a legacy REDD+ project in Indonesia has said overseas buyers and investors are looking for stability in the country’s carbon regulatory landscape to instil confidence that credits will resume and remain flowing.
Read MoreJapanese shipper waiting on IMO framework before scaling up CDR purchasing strategy
A major Japanese shipping company said it is waiting on the passage of key regulations, including the Net Zero-Framework, before it ramps up purchases of carbon removal (CDR) credits.
Read MoreNew Zealand promotes APAC carbon market cooperation, remains silent on looming ITMO obligation
New Zealand’s climate minister has promoted the government’s efforts to build capacity and cooperation on carbon markets in the Asia Pacific, but said nothing regarding its likely need to purchase millions of overseas credits to meet its 2030 international climate target.
Read MoreEU officials promote CBAM stick to APAC, hints at future carrots of int’l credit purchases
EU officials on Wednesday soothed nerves about growing compliance costs and regulatory hurdles for Asian countries from its Carbon Border Adjustment Mechanism (CBAM) by highlighting plans to explore international credit purchase to meet its 2040 climate targets.
Read MoreAustralia sees the opening of world’s first carbon refinery
An Australian mineral carbonation company on Wednesday announced the launch of what it described as the world’s first carbon refinery, turning industrial CO2 streams into various materials.
Read MoreAustralian Market Roundup: 1.7 mln ACCUs issued in May as forward trades push above A$38
The Clean Energy Regulator (CER) issued some 1.74 million Australian Carbon Credit Units (ACCUs) in May, according to its latest update, as forward purchases of units are more frequently breaking past the A$38 ($26.85) price ceiling in recent weeks.
Read MoreAustralia releases climate risk analysis guidance
The Australian government on Tuesday published guidance for companies to help them analyse and disclose climate risks.
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