Australia broadens method to generate offsets from animal manure
Australia on Friday released a new draft method to broaden and simplify generation of carbon offsets from animal effluent.
Read MoreAustralia loosens CO2 caps for coal mining companies
Australia’s Clean Energy Regulator has raised CO2 emission caps for three coal mining companies, data released this week showed, including a 64% increase for Anglo Coal’s Moranbah North mine.
Read MoreMinister gives clearest indication yet that NZ govt wants agriculture in ETS
New Zealand Finance Minister Grant Robertson on Friday said the government will bring the nation’s biggest-emitting sector into its ETS, causing NZU prices to jump to a new four-month high.
Read MoreWestern Australia EPA withdraws carbon offset recommendations
The Environmental Protection Authority in western Australia has withdrawn recommendations that new big-emitting projects in the state should offset their carbon emissions.
Read MoreOffset use in Australia’s Safeguard Mechanism drops 42% despite rising emissions
Facilities covered by Australia’s Safeguard Mechanism used 42% fewer offsets to meet their emissions target in FY2017-18 compared to the previous year despite rising emissions, as the few companies missing their targets explored other options to comply.
Read MoreMajor NZ emitters set up joint firm to build carbon portfolio
Four major GHG emitters have teamed up to establish a joint company that will build up a forestry-based carbon portfolio to help meet their obligations under New Zealand’s emissions trading scheme.
Read MoreFirst soil carbon credits could unlock millions of offset supply in Australia
Australia’s Clean Energy Regulator on Thursday issued offsets to a soil carbon project, a global first that could unlock millions more carbon credits from the country’s project pipeline..
Read MoreNZ Market: NZUs extend gains, close in on record high
New Zealand carbon permits gained another 0.4% in Wednesday trade to hit a 4-month high, approaching the market’s all-time record level.
Read MoreSK Market: Bid limit stops Korean auction from selling out
Over a quarter of the allowances on offer at Wednesday’s South Korean CO2 auction went unsold due to the tighter bid limits introduced last week.
Read MoreNZ Market: NZUs rise to 1-month high on healthy demand
Interest in New Zealand carbon allowances flared up on Tuesday, pushing the spot contract up 15 cents to close at its highest level in a month.
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