Norway and Suriname to explore carbon credits for preventing deforestation -report
Norway and Suriname are said to be exploring an arrangement where the South American country would earn carbon credits for keeping its tropical forest intact, according to a local news report.
Read MoreNew Zealand agriculture sector to face carbon price from 2025
New Zealand’s government has reached an agreement with farmers to price the sector’s GHG emissions starting in 2025.
Read MoreFive more tropical forest countries selected to World Bank’s REDD Fund
The World Bank’s Forest Carbon Partnership Facility (FCPF) has selected emission reduction programmes from five developing countries to participate in the organisation’s Carbon Fund, bringing the nations a step closer to signing agreements seen as a possible base for forestry international emissions trade.
Read MoreAustralian carbon credit issuance shrinks below 70k
Issuance of Australian carbon credits dropped further this week as most project owners had secured offsets before the end of the 2018-19 financial year last month.
Read MoreNZ Market: NZUs hold for now despite tumbling timber prices
New Zealand carbon allowances are holding around the NZ$23 ($15.36) level despite rapidly fading timber export prices that has brought speculation on whether forest owners would sell off more NZUs to compensate for falling income levels.
Read MoreAustralia’s Paris target, offset policy under scrutiny as advisers launch review
Whether Australia should increase its emissions target under the Paris Agreement, change the approach of the ERF, and access the international carbon offset market were among the issues in a policy review launched by the independent Climate Change Authority on Thursday.
Read MoreUPDATE – Ghana notches REDD agreement with World Bank carbon fund
Ghana will take in up to $50 million for protecting its forests under the World Bank’s Forest Carbon Partnership Facility (FCFP), becoming the third African nation to sign the REDD deal seen as a base for possible international emissions trade.
Read MoreAustralian developers eye desert carbon credits
Project developers are exploring the possibility of creating a methodology that would make it possible to earn carbon credits from land management schemes in Australia’s vast desert areas.
Read MoreSK Market: Korean CO2 auction clears below secondary market
South Korea sold all 550,000 carbon allowances on offer in its July auction held Wednesday, with permits clearing well below secondary market prices.
Read MoreNew Zealand launches tender to build CO2 auctioning platform
The New Zealand government launched a tender on Monday for information and advice on building an auction platform for its ETS, with the intention to start selling carbon allowances next year.
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