AU Market: ACCU price claws back after week of volatility
Australian Carbon Credit Unit (ACCU) prices recouped some of their recent losses Thursday after a bout of severe volatility earlier in the week that had seen units trade as low as A$37 ($23.82).
Read MoreNew Zealand climate commission pushes net negative 2050 target
New Zealand’s Climate Change Commission (CCC) has called for more severe emissions reductions across all sectors in its updated advice to government published Thursday, while recommending shipping and aviation emissions to be included in a net negative 2050 target.
Read MoreGovt panel says New Zealand can lower methane reduction ambitions
Even if the world meets its global 1.5C temperature target, New Zealand can get away with reducing methane emissions at the very low end of its legislated target, and even go below that if climate action elsewhere is less successful, a controversial government panel said Wednesday.
Read MoreAustralian soil carbon project developer acquires tech platform
One of Australia’s largest soil carbon project developers has acquired a tech company’s risk and impact assessment tool that it will combine and launch as a new platform, it announced this week.
Read MoreNew Zealand unveils details on limiting exotic forestry in ETS
The New Zealand government on Wednesday published long-awaited elements of its plan to limit exotic forestry in the Emissions Trading Scheme based on Land Use Capability (LUC) class.
Read MoreIndonesia must phase out 3 GW of coal annually to meet 2040 target, analysis finds
Indonesia would need to retire 3 GW of coal-fired power plants per year and replace it with 8 GW of renewables at the same rate if it is to achieve its 2040 coal phase-out target, according to an analysis published Wednesday.
Read MoreNew Zealand auction partially clears with 4 mln NZUs sold
The final New Zealand ETS auction for 2024 has partially cleared, with 4 million NZUs selling at NZ$64 ($37.63), in line with market expectations.
Read MoreNZ bank commits fresh funds to agribusiness carbon cuts in updated sustainability targets
Westpac NZ has updated its sustainability targets for 2027, which include boosting sustainable lending to NZ$9 billion ($5.2 billion), almost half of which will go towards its agribusiness customers to reduce emissions, it announced Tuesday.
Read MoreAustralia Market Roundup: Local survey sees ongoing optimism and concerns around carbon farming
A community survey in southwest Queensland has provided divergent results on the views of carbon farming, with concerns expressed not entirely aligned with the findings suggested.
Read MorePREVIEW: NZ ETS watchers expect partial clearance at final auction for 2024
New Zealand carbon market participants are expecting to see a partial clearance at this week’s government-held auction in anticipation of much smaller volumes being issued in future years.
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