Australia Market Roundup: More than half of surveyed companies say Australia will need carbon credits to achieve net zero, as ACCUs rebound
A survey of over 200 companies released Wednesday showed that over half of the respondents believe Australia will need to buy carbon credits to meet its net zero goals and most of them have or will buy offsets themselves, as Australian Carbon Credit Units (ACCUs) rebounded over the past few days after a dip late last week.
Read MoreTrio releases reef credit method for grazing land management
A group of Australian companies on Monday released a draft method to allow landowners to earn reef credits from improved grazing land management in a bid to boost soil health and improve water quality at the Great Barrier Reef.
Read MoreAdvisory firm sees mandatory reporting regimes fuel demand in New Zealand biodiversity market
Introducing mandatory natural capital accounting and nature risk disclosure schemes would create the foundation for demand in a New Zealand voluntary biodiversity credit market, according to government-commissioned advice.
Read MoreAustralia Market Roundup: Developer secures half a million ACCUs as price dips below A$29
The Clean Energy Regulator has issued almost 1.4 million Australian Carbon Credit Units (ACCUs) for a second consecutive week as one developer received more than 500,000, while the spot price for generic units has crept below A$29.
Read MoreUPDATE – New Zealand auction fails for a third consecutive time
New Zealand’s quarterly carbon auction failed for a third straight time on Wednesday, as the sale again did not clear above the government’s confidential minimum price.
Read MoreUNEP FI asks investors to target their biodiversity spending amid global mismatch
Countries with the greatest biodiversity richness are the ones spending the least on nature, the UNEP Finance Initiative (FI) has found, urging investors to identify whether they are contributing to the trend.
Read MoreTackling the nature crisis to top agenda at GEF quadrennial meeting
Finding governing models and funding mechanisms to effectively address the ongoing nature crisis will be the main focus when the Global Environment Facility (GEF) next week holds its four-yearly assembly in Vancouver, Canada.
Read MoreSingapore, Chile sign Paris carbon credit MoU
Singapore and Chile on Monday signed a Memorandum of Understanding (MoU) on carbon trading under Article 6.2 of the Paris Agreement, including plans to explore potential collaboration with third-party countries.
Read MoreTNFD study calls for global nature-related public data facility
A global nature-related data facility accessible for the public should be created to support governments, businesses, and civil society stakeholders in drawing up policies, setting targets, and making investments to combat the global nature crisis, according to a study released Friday by the Taskforce on Nature-related Financial Disclosures (TNFD).
Read MoreNature markets need fundamental policy, finance realignment to work, taskforce says
The international economic and financial architecture and policy priorities must be aligned with the goal of advancing an equitable, global nature economy for nature markets to have an impact on any significant scale, the Taskforce on Nature Markets (TNM) said in its final report, released Thursday.
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