PREVIEW: 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.
Read MoreCoal mine expansions jeopardise NSW climate targets, Net Zero Commission warns
The expansion and extension of coal mines in Australia’s most populous state is undermining its ability to achieving its ambitious emissions reduction targets, according to the newly-established Net Zero Commission (NZC).
Read MoreSafeguard facilities should publish 5-year compliance strategies, Climate Change Authority says
Industrial facilities covered under the Safeguard Mechanism should report rolling 5-year compliance strategies, the Climate Change Authority (CCA) said Thursday, as it urged all sectors, with electricity in the lead, to cut emissions faster to meet Australia’s climate targets.
Read MoreAustralia launches new registry for carbon, biodiversity units
Australia’s Clean Energy Regulator has launched the first stage of its new Unit and Certificate Registry, designed to house various unit types for the government’s climate and environmental crediting schemes.
Read MoreBank raises short-term ACCU price forecast
One of Australia’s “big four” banks has raised its price forecast for Australian Carbon Credit Units (ACCUs) thanks to increasing demand and smaller than expected issuance.
Read MoreAustralia on track to meet climate targets, as nature reform laws stall again
Australia will meet its 2030 climate targets to cut emissions 43% below 2005 levels by 2030, according to fresh analysis by the government, while efforts to pass a bill on the country’s nature reforms have been put on hold again.
Read MoreAU Market: Activity, prices soften as updated landfill gas method expected to be signed by year’s end
Activity in the Australian Carbon Credit Unit (ACCU) market has slowed, according to analysis published Monday, while a waste operator told shareholders it expected the updated landfill gas methodology will be finalised by the end of the calendar year.
Read MoreNZ Market: NZUs trade just above auction price floor as anticipation grows
Spot New Zealand carbon allowances on Monday traded just above the auction price floor for the first time since March, as observers said the market’s long quiet stretch is a sign of positive things to come.
Read MorePNG environmental groups oppose carbon market regulations being tested on “guinea pig” communities
Environmental groups have written to the Papua New Guinea government opposing its efforts to test its carbon market regulations on so-called “guinea pig” communities before addressing what it says are serious issues with the rules.
Read MoreCOP29: Fiji unveils carbon market strategy roadmap
Fiji’s government on Thursday published its National Carbon Market Strategy Roadmap, which lays out key considerations and next steps to develop emissions reduction projects in the country using market-based mechanisms.
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