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Climate Change Authority says Australia should ditch offsets older than five years, phase out CER use

Published 20:00 on August 10, 2022  /  Last updated at 17:57 on August 10, 2022  /  Asia Pacific, Australia, International, Paris Article 6, Voluntary Market  /  No Comments

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.

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Framework finds most Australian industrials off course on their Paris goals

Published 13:57 on August 10, 2022  /  Last updated at 14:16 on August 10, 2022  /  Asia Pacific, Australia, International  /  No Comments

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.

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Australia Market Roundup: Commonwealth Bank outlines sectoral emissions roundup, as ACCU issuance slides

Published 12:48 on August 10, 2022  /  Last updated at 13:23 on August 10, 2022  /  Asia Pacific, Australia, Kyoto Mechanisms  /  No Comments

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.

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Indian carbon developer EKI share price drops on confusion over carbon credit export ban

Published 11:45 on August 10, 2022  /  Last updated at 19:55 on August 10, 2022  /  Asia Pacific, International, Kyoto Mechanisms, Other APAC, Paris Article 6, Voluntary Market  /  No Comments

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.

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SK Market: Korean auction sees healthy demand as outlook, sentiment brighten

Published 10:44 on August 10, 2022  /  Last updated at 10:45 on August 10, 2022  /  Asia Pacific, South Korea  /  No Comments

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.

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New Zealand govt indecision on exotics holding back investment, foresters say

Published 06:44 on August 10, 2022  /  Last updated at 06:44 on August 10, 2022  /  Asia Pacific, International, New Zealand, Paris Article 6, Voluntary Market  /  No Comments

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. 

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Investment fund takes stake in Indonesian carbon project developer

Published 12:02 on August 9, 2022  /  Last updated at 12:02 on August 9, 2022  /  Asia Pacific, International, Nature-based, Other APAC, Voluntary Market  /  No Comments

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.

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Taiwan extends emissions reporting requirements to manufacturing firms

Published 10:44 on August 9, 2022  /  Last updated at 10:48 on August 9, 2022  /  Asia Pacific, Other APAC  /  No Comments

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.

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Marubeni secures exclusive agricultural biochar offset deal

Published 10:37 on August 9, 2022  /  Last updated at 10:37 on August 9, 2022  /  Asia Pacific, International, Japan, Voluntary Market  /  No Comments

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.

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Growing disillusionment in REDD+ projects, forestry investor says

Published 04:33 on August 9, 2022  /  Last updated at 04:33 on August 9, 2022  /  Asia Pacific, Canada, International, Nature-based, New Zealand, Other APAC, Paris Article 6, Voluntary Market  /  No Comments

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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