AU 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.
Read MoreAPAC eyes carbon market‑style accounting to support emissions under CBAM
Asia-Pacific industry is beginning to explore how carbon market‑style accounting can support the emissions assurance now demanded under the EU’s Carbon Border Adjustment Mechanism (CBAM), even as regional readiness remains highly uneven.
Read MoreAustralian Market Roundup: 1.7 mln ACCUs issued in May as forward trades push above A$38
The Clean Energy Regulator (CER) issued some 1.74 million Australian Carbon Credit Units (ACCUs) in May, according to its latest update, as forward purchases of units are more frequently breaking past the A$38 ($26.85) price ceiling in recent weeks.
Read MoreInvestors price carbon attention, not carbon itself, crypto study observes
Investors react sharply when an asset’s carbon footprint becomes a prominent public issue, but do not systematically price changes in underlying emissions, according to new research using cryptocurrency markets as a natural experiment.
Read MoreCN Markets: CEAs hold above RMB 80 mark, block trade price softens
China’s carbon allowance prices have maintained their position above the RMB 80 ($11.81) threshold for a fourth consecutive week, yet upward momentum is stalling as block trade activity softens and the market awaits the finalised power sector allocation plan.
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