Woodside surrenders 1.28 mln carbon credits to meet 2025 climate target, report says
Australian oil and gas company Woodside Energy achieved its 2025 net emission reduction targets by surrendering some 1.28 million carbon credits, as gross emissions continued to rise, according to its annual results published Tuesday.
Read MoreAustralian green bank, investment firm commit A$80 mln to Indigenous-led ACCU project
The Australian government’s green bank and an investment firm have announced A$81 million ($56 mln) to go towards a First Nations-led plantation project that is expected to generate some 5 mln Australian carbon credits.
Read MoreNew Zealand ETS will be forced to do more heavy lifting after ambition softening, climate commission warns
Sectors covered under New Zealand’s ETS will be forced to cut emissions harder and faster to make up for the government loosening pollution requirements in the agriculture sector, according to the Climate Change Commission (CCC).
Read MoreSingapore, Rwanda launch call for Article 6 carbon credit projects
Singapore and Rwanda have opened a new call for carbon credit project applications under their bilateral Article 6 agreement, the two governments said on Friday.
Read MoreAustralia oversight body begins consultation process on IFLM
The Australian government has begun its formal consultation work on the long-awaited integrated farm land management (IFLM) carbon credit method, however “considerable revisions” to the exposure draft are already being called for.
Read MoreNew Zealand govt proposes lowering forestry ETS charges
The New Zealand government has put forward lowering ETS annual charges for foresters while introducing several new fees for a range of services, it announced Thursday.
Read MorePoor land planning could undermine Australia’s carbon market, think tank says
Australia risks distorting land investment and undermining biodiversity unless it integrates better planning into the design of its carbon market, according to a climate policy think tank.
Read MoreForestry entitlement supply considered crucial in driving NZU price volatility -report
Entitlement supply is a significant factor contributing to carbon price volatility in New Zealand’s emissions market, while demand-side factors exert only limited and short-lived effects on carbon price fluctuations, a new study has found.
Read MoreSpeculators shed NZU holdings, EPA data shows
Speculator holdings of New Zealand allowances fell significantly in the December quarter, as the overall stockpile remained flat, according to data released by the country’s EPA Friday.
Read MoreIndia’s forest carbon may find home in compliance markets, study says
Forest-based carbon credits in India may find firmer footing in domestic compliance markets and national climate targets rather than the voluntary market as prices remain too low, an academic paper argued.
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