Australia sees bump in offset issuance, revokes another ERF project
Australia’s Clean Energy Regulator this week handed out over 400,000 carbon credits, but also revoked a project under contract to deliver almost 350,000 tCO2e worth of abatement, further eroding the impact of the country’s primary climate policy tool.
Read MoreWorld Bank REDD programme adopts changes to align with CORSIA
The World Bank’s Forest Carbon Partnership Facility (FCPF) has made revisions to its deforestation reduction programme methodology in response to comments from an UN aviation expert panel, with an aim of becoming eligible for the international flight offset programme CORSIA.
Read MoreWorld’s carbon markets grow 34% in value to $215 billion in 2019 -report
Global carbon markets grew by 34% in 2019 to hit €194 billion ($215.1 bln) in value, according to analysts at Refinitiv, marking a third straight year of growth and a nearly fivefold increase in two years.
Read MoreEU chief warns on CO2 border measures, praises California, China
European Commission president Ursula von der Leyen warned on Wednesday that the EU will press ahead with border carbon adjustment plans to protect its industry and workers, but she praised California and China’s carbon pricing efforts that could mean the measures are never needed.
Read MoreBlame game ensues in Australia as climate action moment set to pass
The outlook for Australia to step up efforts on climate change in the wake of the massive forest fires is dimming as the government has shifted focus to hazard prevention and is blaming state agencies for failing in their responsibilities.
Read MoreAustralia widens scope for animal manure projects to earn offsets
Australia has implemented a new offset method that broadens the scope for pig and dairy farmers to earn carbon credits, the Clean Energy Regulator said Wednesday.
Read MoreAustralia’s Woodside expects to buy 50 mln offsets for new LNG project
Australian oil and gas producer Woodside expects to have to buy some 50 million carbon credits over 44 years to offset emissions from its massive Browse LNG project, based on current Safeguard Mechanism regulations.
Read MoreAustralia’s weekly offset issuance drops below 100k
After a bumper start to the year, Australia’s Clean Energy Regulator this week handed out only around 60,000 new offsets this week, while the government launched a public consultation on some proposed changes to the carbon credit programme.
Read MoreKorean developers lukewarm about China CDM opportunities
Major South Korean carbon project developers are dubious to opportunities in China, amid efforts to drum up Korean interest in earning carbon credits from China-based N2O projects.
Read MoreNZ Market: NZUs inch to new highs, but observers see volatility ahead
NZUs rose further on Wednesday to extend this week’s record high, but with secondary market prices now 16% above the 2019 Fixed Price Option level some market participants expect increased volatility in the next few months.
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