CN Markets: CEAs touch five-week high, trading volumes remain robust
Prices in China’s national emissions market over the past week climbed to a five-week high amid fresh climate policy updates, while the voluntary market continued to see a narrowing offset premium.
Read MoreBRIEFING: Australia still wary of international units, as questions linger over what they should be used for
The Australian government remains cautious about the use of international carbon credits for domestic purposes, as some argue they could help provide high integrity flexibility for polluters, while others have urged caution about their impacts on encouraging onsite abatement.
Read MoreAustralia approves improved native forest management ACCU method
The Australian government has signed off on the improved native forest management (INFM) carbon credit methodology developed by the New South Wales government.
Read MoreEU to issue detailed CBAM guidance soon as it works with India on MRV alignment
The European Commission will soon publish detailed guidance on certain requirements under its Carbon Border Adjustment Mechanism (CBAM), while working with India to narrow differences between the border levy and the country’s upcoming emissions trading, officials said on Thursday.
Read MoreVietnam’s pilot carbon market opens June 29 with 92 firms
Vietnam will launch its pilot carbon market next week, with 92 domestic firms, including Hoa Phat Group, Formosa Ha Tinh Steel Corp., and Vietnam Electricity Group, set to begin trading greenhouse gas emission permits.
Read MoreLCAW26: INTERVIEW – Japanese govt should look beyond domestic carbon market to international credits, investor group says
The Japanese government is placing too great a priority on its domestic carbon market, the GX-ETS, and should expand focus to engage with international credits, a Tokyo-based public-private partnership said at London Climate Action Week (LCAW).
Read MoreAustralian 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.
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