Registries should lead the charge to scale voluntary carbon market, finds survey
Registries should address key inhibitors to voluntary carbon market growth, including insufficient price transparency, standardisation, and interoperability, according to stakeholders surveyed by two financial analytics firms.
Read MoreAustralia open to include OECMs in Nature Repair Market
Australia on Wednesday released its second public consultation on Other Effective area-based Conservation Measures (OECMs), saying they might be approved for biodiversity crediting under the nation’s Nature Repair Market (NRM).
Read MoreSeoul becomes first Korean city to earn carbon credits from bike-sharing scheme
Seoul has become the first local government in South Korea to secure certified carbon emissions credits through its public bike-sharing programme.
Read MoreCoal miner found underreporting emissions in Safeguard Mechanism – just part of a bigger problem, conservation fund says
An Australian coal miner got its Scope 1 emissions assessment under the Safeguard Mechanism wrong, according to a conservation group that lobbied for documents filed to the Clean Energy Regulator (CER) via Freedom of Information (FOI) requests, but this is just the beginning of coal mining’s emissions issues, the group said.
Read MoreJapan carbon market attracts over 700 participants as emissions coverage increases
Japan’s voluntary domestic carbon market has recently added almost 200 new participants, further expanding the share of national emissions covered, the Ministry of Economy, Trade and Industry (METI) announced on Wednesday.
Read MoreRising temperatures could lead to Australian soils becoming a net emitter, study finds
International research has found that a warming climate will turn Australia’s soil into a net emitter of carbon dioxide.
Read MorePressure on for Australian govt to halt massive Woodside LNG life extension
One of Australia’s most noted retired statesmen and politicians has co-signed a letter asking the environment minister to reject Woodside Energy’s plan to extend the life of a 40-plus year old LNG export plant to 2070, a move seen to result in several billion tonnes of CO2e emissions.
Read MoreAU Market: ACCU price slumps over fresh integrity concerns as participants frustrated at lack of resolution
The Australian Carbon Credit Unit (ACCU) market faced a downturn Wednesday in the wake of a fresh study damning the integrity of human-induced regeneration (HIR) projects.
Read MoreAustralia introduces Net Zero Economic Authority bill, commits A$189 mln in funding
The Australian Labor government on Wednesday introduced legislation to set up the Net Zero Economic Authority (NZEA), which will oversee the country’s transition to net zero emissions, and has committed A$189 million ($123 mln) to its establishment.
Read MorePhase ACCUs out of Safeguard Mechanism, expand coverage to electricity sector, report urges
A report released Wednesday has called on the Australian government to strengthen the Safeguard Mechanism by expanding its coverage to the electricity sector, as well as to bar Australian Carbon Credit Units (ACCUs) from being used for compliances purposes.
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