Australia 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.
Read MoreNZ Market: NZU price climbs to 5-month high ahead of climate commission advice
The New Zealand carbon price reached a 5-month high on Friday due to lower-than-expected forestry issuance, while the market anticipates upcoming ETS advice from the Climate Change Commission (CCC).
Read MoreCN Markets: Trading volumes rebound, price stable following pre-allocation of permits
Trading volumes in China’s carbon market rebounded over the past week as permit pre-allocations to industrial sectors wrapped up earlier this month, with permits continuing to trade within a narrow range.
Read MoreAustralia sets deadline on emission reporting method review
The Australian government has released terms of reference to its review of a methodology on how fugitive emissions are measured, known as Method 2.
Read MoreSouth Korea aims to launch carbon futures in 2027
South Korea’s main stock exchange is planning to launch future products linked to the country’s emissions permits in the second half of next year, local media reported.
Read MoreChina thermal power expands in Q1, wind output drops
Power generated by China’s thermal power plants in the first quarter of the year expanded 3.7% from a year ago, while momentum in the wind power sector slowed, according to data released Thursday by the National Bureau of Statistics of China (NBS).
Read MoreANALYSIS: Latest Safeguard compliance data continues last year’s trends, for better or worse
This week’s release of surrender data for the second year of Australia’s reformed Safeguard Mechanism has highlighted both the positives and drawbacks of the scheme, depending on who you ask.
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