New REDD standard expands to include subnational jurisdictions
The Architecture for REDD+ Transactions (ART) programme published its new standard for combatting tropical forest deforestation on Monday, giving subnational jurisdictions more authority and a longer timeframe than previously outlined to generate carbon credits for sale in voluntary and compliance-based offset markets.
Read MoreAustralia proposes to broaden scope for forest carbon projects
Australia on Monday proposed to ease regulations that have previously restricted access for developers to establish carbon offset projects in high rainfall areas.
Read MoreIndia’s cKinetics acquires carbon market data firm CaliforniaCarbon.info
Delhi-based sustainability advisory firm cKinetics has acquired carbon market news and data platform CaliforniaCarbon.info, Carbon Pulse has learned.
Read MoreNZ Market: NZUs extend losses as profit-taking, panic-selling continue
New Zealand carbon allowances suffered their fifth consecutive day of losses on Friday, as the spread between the fixed price option and current spot prices continued to tempt emitters to offload NZUs.
Read MoreTerra Carbon secures vast majority of latest Australian offset issuance
Australia’s Clean Energy Regulator maintained an above-average carbon credit issuance rate north of 200,000 this week, with Terra Carbon picking up around 80% of the new offsets.
Read MoreSK Market: KAUs climb to 6-week high as auction fetches bumper prices
South Korean spot CO2 allowances rose to their highest levels since Dec. 26 on Wednesday, with prices reaching even higher in the monthly auction in the afternoon, pushing the 40,000 won threshold.
Read MoreNZ Market: Profit-taking pulls NZUs to 2-month low
New Zealand carbon allowances have shed 4.3% this week, dipping below NZ$27 in Wednesday trade as emitters sold off permits, preparing to pay the NZ$25 fixed price option at the May compliance.
Read MoreAustralia’s industrial emissions rise unabated under weak Safeguard Mechanism, analysts say
Carbon emissions from facilities regulated by Australia’s Safeguard Mechanism have increased 60% above 2005 levels and are set to balloon further over the next decade as major emitters are not required to reduce output under the policy, analysts said Wednesday.
Read MoreGucci buys half a million forest carbon credits from Cambodia
Italian luxury clothing and accessory brand Gucci has bought 500,000 forestry carbon credits from Cambodia, local media reported, citing a government spokesperson.
Read MoreIndependent MP floats plan to end Australia’s climate policy paralysis
Independent MP Zali Steggall on Monday outlined the basics of a climate policy plan she hopes will garner bipartisan support and put Australia on track to reaching net zero carbon emissions by 2050.
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