SK Market: KAUs extend losses as reality of market fundamentals dawns
Carbon permits in South Korea’s emissions trading scheme saw a fourth consecutive session of losses on Tuesday as traders increasingly realise the COVID-19 driven economic downturn means the market will be oversupplied for the foreseeable future.
Read MoreAustralian coal mine power stations earn over 300k carbon credits
Australia’s Clean Energy Regulator has awarded over 300,000 carbon credits to three coal mine methane power stations in its latest offset issuance, which topped 550,000 units in total.
Read MoreNew Zealand coalition partner moves to limit forest carbon
The biggest of New Zealand’s government coalition partners has pledged to revise legislation to limit the conversion of productive farmland to forests if it remains in power after September’s election.
Read MoreSK Market: KAUs drop to 10-month low on sentiment, steady supply
South Korean carbon allowances on Friday fell below the 30,000-won mark for the first time since last September, as a bearish outlook and a steady stream of supply weigh on prices.
Read MoreReported Japan coal shutdown could make major dent in CO2 emissions
Japan is planning to close or mothball up to 100 coal-fired power plants, according to unconfirmed media reports Thursday, a move observers say could slash the nation’s CO2 emissions by as much as 9%.
Read MoreAustralia eases path for plantation forest carbon projects in five regional hubs
Australia has made it easier for plantation forests in high rainfall areas across five regional hubs to register as offset schemes and earn carbon credits under the country’s Carbon Farming Initiative.
Read MoreAustralia’s Kyoto Protocol AAU surplus balloons to 430 mln
Australia has amassed a total 430 million surplus Kyoto Protocol units, the government said Wednesday as the nation’s commitments under the treaty ended June 30, more than sufficient to prop up any shortfall in meeting its Paris Agreement targets.
Read MoreICAO Council drops 2020 from emissions baseline for CORSIA’s pilot phase
ICAO’s Council on Tuesday agreed to omit 2020 from the carbon neutral growth baseline during the international aviation offset programme CORSIA’s first three years, while leaving the door open for the UN body’s Assembly to make that change for the entire 15-year duration of the scheme.
Read MoreAustralian savanna burning projects earn 420,000 carbon credits
Project developers ALFA have received around 420,000 carbon offsets in the Clean Energy Regulator’s latest credit issuance for two programmes in Australia’s Northern Territory aimed at reducing the risk of late dry season wildfires.
Read MoreNZ Market: NZUs rise to new record high as sellers remain reluctant
New Zealand carbon allowances rose to record highs on Tuesday as available supply remains modest and traders fix their eyes on 2021 market dynamics.
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