Climate Change Authority says Australia should ditch offsets older than five years, phase out CER use
Australia’s independent Climate Change Authority (CCA) on Thursday recommended ruling out consumption of offsets older than five years and phasing out the use of UN-issued carbon credits for voluntary purposes by 2025.
Read MoreFramework finds most Australian industrials off course on their Paris goals
Only one out of 20 industrial companies assessed in Australia passed a new test on their ability to meet their declared Paris Agreement goals, according to a study from three major universities published on Wednesday.
Read MoreAustralia Market Roundup: Commonwealth Bank outlines sectoral emissions roundup, as ACCU issuance slides
Australia’s Commonwealth Bank on Wednesday set targets for reducing its financed emissions in some carbon intensive sectors, while the weekly number of newly minted Australian Carbon Credit Units (ACCUs) fell to around 300,000.
Read MoreIndian carbon developer EKI share price drops on confusion over carbon credit export ban
The share price of Indian carbon offset developer EKI Energy Services slumped by nearly 20% on Wednesday in the fallout from India’s energy minister stating that the country would not export any carbon credits until it has met its international climate commitments.
Read MoreSK Market: Korean auction sees healthy demand as outlook, sentiment brighten
South Korea on Wednesday sold around 97% of the 2.3 million KAUs on offer in the environment ministry’s August auction, as the market remains upbeat over the projected reduced allowance surplus in the 2022 compliance cycle.
Read MoreNew Zealand govt indecision on exotics holding back investment, foresters say
The New Zealand government’s lingering decision on whether to remove exotic plantations from the permanent category in the ETS is causing investor uncertainty in the forestry sector, while fears of the planting type’s impact on rural communities is unfounded, according to the industry.
Read MoreInvestment fund takes stake in Indonesian carbon project developer
An investment fund has taken an equity stake in an Indonesia-based carbon project developer with an eye on scaling up forest conservation and peatland restoration activities across Southeast Asia.
Read MoreTaiwan extends emissions reporting requirements to manufacturing firms
Taiwan has required a new batch of companies to report their greenhouse gas emissions data on an annual basis, with a primary focus on electronics components manufacturers, one of the pillars of the island’s economy.
Read MoreMarubeni secures exclusive agricultural biochar offset deal
Marubeni Corp. has signed a deal for the exclusive rights to market and sell carbon credits from the agricultural use of biochar generated by a Japanese biochar expert association that works with farmers.
Read MoreGrowing disillusionment in REDD+ projects, forestry investor says
The head of a global forestry investment company has warned there is a growing lack of confidence in the REDD+ project formats in developing countries.
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