AU Market: Australian regulator to update contract exit figures by month’s end

Published 02:37 on September 17, 2024  /  Last updated at 06:37 on September 17, 2024  / /  Asia Pacific, Australia

Australia’s Clean Energy Regulator (CER) will provide an update on the volume of carbon credits that have been released during the latest exit arrangement window.

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Australia consults on ACCU Scheme transparency changes

Published 09:29 on September 16, 2024  /  Last updated at 09:29 on September 16, 2024  / /  Asia Pacific, Australia

The federal government Monday published an exposure draft for consultation on transparency changes to the Australian Carbon Credit Unit (ACCU) Scheme.

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Internal audit reveals ongoing integrity concerns with the Clean Energy Regulator

Published 08:19 on September 16, 2024  /  Last updated at 08:19 on September 16, 2024  / /  Asia Pacific, Australia

An audit of the Clean Energy Regulator (CER) has found weak governance practices regarding internal conflicts of interest (COI) within the organisation, according to documents published Monday, issues that critics continue to say are indicative of much broader problems with Australia’s carbon market. 

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AU Market: Over 1 mln units traded in a single day pushes ACCU prices to 16-month high

Published 09:53 on September 13, 2024  /  Last updated at 09:53 on September 13, 2024  / /  Asia Pacific, Australia

The generic spot price for Australian Carbon Credit Units (ACCUs) reached a 16-month high Thursday off the back of over 1 million credits changing hands throughout the day.

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Australia and Germany sign €400 mln H2 funding cooperation agreement

Published 03:06 on September 13, 2024  /  Last updated at 04:50 on September 13, 2024  / /  Asia Pacific, Australia, EMEA, International

Australia and Germany have signed a A$660 million (€400 mln) agreement to deepen their cooperation on green hydrogen supply chains and guarantee European buyers for Australian hydrogen producers, the two countries announced Friday.

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Paying for overseas carbon credits to meet 2030 NDC “not realistic”, NZ minister says

Published 01:46 on September 13, 2024  /  Last updated at 01:46 on September 13, 2024  / /  Asia Pacific, New Zealand

New Zealand’s Minister for Climate Change Simon Watts said it wouldn’t be “realistic” for his country to simply pay for the overseas carbon credits it will need to meet its 2030 international climate target.

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CDR offers great salaries in a growing industry, for those lucky to be in the few countries where it exists, industry survey finds

Published 15:00 on September 12, 2024  /  Last updated at 15:14 on September 12, 2024  / /  Africa, Americas, Asia Pacific, EMEA, International, Voluntary

Prospective employees in carbon dioxide removal (CDR) can expect competitive salaries in the small number of countries where it exists, according to a first-of-its kind survey of the sector, but the industry will need to grow rapidly in the coming years if it is to contribute to the world achieving its climate goals.

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Qantas tweaks its carbon strategy as tightening credit, SAF supply seen as ongoing risk

Published 08:58 on September 12, 2024  /  Last updated at 08:58 on September 12, 2024  / /  Asia Pacific, Australia, Aviation/CORSIA, International

Australian airline Qantas sees both opportunities and risks in its ongoing reliance on carbon credits as it looks to scale up its sustainable aviation fuel (SAF) intake, according to its 2024 sustainability report published Thursday.

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FEATURE: Offshore wind is gaining traction in APAC, but regulatory gaps, supply chain bottlenecks could stifle deployment

Published 06:04 on September 12, 2024  /  Last updated at 06:04 on September 12, 2024  / /  Asia Pacific, Australia, China, Japan, Other APAC, South Korea

The offshore wind industry in the Asia Pacific is displaying significant growth in a patchwork fashion, but missing regulatory frameworks and significant supply chain bottlenecks down the track will require careful planning, according to experts. 

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CME releases details of upcoming ACCU futures contract

Published 09:57 on September 11, 2024  /  Last updated at 10:55 on September 11, 2024  / /  Asia Pacific, Australia

Global trading house CME Group has provided details of its Australian Carbon Credit Units (ACCUs) futures contract, adding to the sole such offering currently available in the market, from the Australian Securities Exchange.

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