CN Markets: CEA trading volumes spike, RMB 80 resistance level holds firm
Trading volumes in China’s emissions market more than doubled over the past week, yet prices retreated further below the RMB 80 ($11.72) resistance level as demand signals remained murky.
Read MoreNZ climate commission advises to maintain ETS settings, warns of supply shortfall as soon as 2028
New Zealand’s independent Climate Change Commission (CCC) has recommended keeping current price controls and settings in its annual advice to government, but has warned unit shortfall could lie ahead in the near future.
Read MoreIndia ETS seen posing financial risk to cement, aluminium sectors by 2027
Costs under India’s intensity-based emissions trading system (ETS) are likely to remain “manageable” in the first year of compliance, but could turn into a “material financial risk” for cement and aluminium producers if decarbonisation efforts lag, according to an analysis.
Read MoreSouth Korea to build infrastructure for ETS-linked carbon futures
South Korea’s Ministry of Climate, Energy and Environment has teamed up with the country’s main exchange to establish infrastructure for the development of carbon futures.
Read MoreDATA DIVE: ACCU holdings shrink following Safeguard surrender deadline
Australian Carbon Credit Unit (ACCU) holdings fell by 4.2 million units in the March quarter following the surrender deadline of the Safeguard Mechanism, according to regulator data published Wednesday.
Read MoreMalaysia may delay carbon tax amid Middle East energy crunch
Malaysia will likely delay plans to introduce a carbon tax, as the government reassesses the timing amid the energy disruptions in Southeast Asia from the Middle East crisis, the natural resources minister said on Tuesday according to local media.
Read MoreAustralia Market Roundup: ACCU issuances jump in March on large project deliveries
Australia’s carbon market recorded a surge in issuances in March, driven by a handful of large industrial and vegetation projects.
Read MoreSouth Korea to finalise plans for ETS stability reserve by August
South Korea’s Cabinet on Tuesday approved a law amendment to legalise the country’s market stability reserve (K-MSR) under the national emissions trading scheme, with more policy details to be finalised by August.
Read MoreAustralia’s climate minister defends ACCU use amid renewed Safeguard scrutiny
Australia’s climate minister has defended the use of carbon credits under the Safeguard Mechanism as it faces fresh criticism in the wake of newly released compliance data.
Read MoreLiquid carbon exchange essential to unlock private capital for Indonesia’s climate goals, says regulator
Liquidity in Indonesia’s carbon exchange will be critical in diverting private sector finance into decarbonisation projects and help the Southeast Asian country meet its climate targets, the country’s financial regulator said in a new roadmap.
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