Australian emitters, Safeguard Mechanism architects caution against limiting ACCU use ahead of upcoming review
A taskforce of emitters, advisors, and the architects of the Safeguard Mechanism published a policy briefing Tuesday urging the government not to listen to calls to limit the use of carbon credits at its upcoming review of the scheme.Â
Read MoreVCM REPORT: CORSIA futures fall to fresh 2-year lows, wider credit demand shows strong signs amid focus on quality
CORSIA futures sank to fresh two-year lows last week, with benchmark contracts slipping further below $10/tonne as uncertain sentiment over demand continued, while there were some positive signals in terms of retirements in the wider voluntary carbon market (VCM) amid an ongoing refocusing on quality.
Read MoreJapanese coal plants may face 10 mln CO2 permit shortfall by 2030
Japan’s coal-fired power plants may see their annual demand for emission allowances exceed 10 million units by 2030, if they maintain current output levels, according to modelling by the consulting arm of a major financial group.
Read MoreAustralia’s National party introduces bill to limit ACCU methods over Koala Park additionality concerns
Australia’s National party on Monday introduced an amendment into Parliament attempting to limit what has been described as non-additional carbon credit methodologies from being approved.
Read MoreAU Market: ACCU price hits year-to-date high, Shell’s SMC issuance faces further scrutiny
Spot prices in Australia’s carbon market reached year-to-date highs on Friday, as Shell’s Prelude FLNG facility faces fresh questions over how it is allocated Safeguard Mechanism Credits (SMCs).Â
Read MoreGradual phase-in of ETS auctions offers best route to decarbonise China’s power sector -study
China should gradually expand carbon allowance auctions and tighten emissions caps in its national ETS rather than pursue an aggressive reform pathway, according to a modelling study published this week that warns rapid changes could destabilise domestic CO2 prices and threaten power system reliability.
Read MoreCN Markets: CEA prices remain stagnant, Shanghai completes first auction under carbon trust
China’s national emissions market remained in a narrow range over the past week due to a lack of fresh policy signals, while Shanghai completed its first carbon auction under a newly established trust for its regional scheme.
Read MoreNZ opens first ballot to register exotic forestry on marginal land in ETS
Applications officially opened on Friday for New Zealand foresters to enter the first ballot to register exotic forestry on marginal land in the country’s ETS.
Read MoreACCU demand under Australia’s Safeguard Mechanism may not peak until 2043 -analysis
Demand for Australian carbon credits is likely to continue rising until around 2043, several years later than other forecasts have suggested, according to a market advisory that claimed industrial facilities covered under the Safeguard Mechanism may take longer than expected to decarbonise.
Read MoreBRIEFING: East Asia deepens ETS reforms, but policy signals diverge
Governments across East Asia are ramping up reforms to their emissions trading schemes, though the strength of their policy signals varies widely.
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