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New REDD standard expands to include subnational jurisdictions

Published 21:40 on February 17, 2020  /  Last updated at 21:46 on February 17, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

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.

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Australia proposes to broaden scope for forest carbon projects

Published 10:41 on February 17, 2020  /  Last updated at 10:41 on February 17, 2020  /  Asia Pacific, Australia  /  No Comments

Australia on Monday proposed to ease regulations that have previously restricted access for developers to establish carbon offset projects in high rainfall areas.

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India’s cKinetics acquires carbon market data firm CaliforniaCarbon.info

Published 16:34 on February 14, 2020  /  Last updated at 16:56 on February 14, 2020  /  Americas, Asia Pacific, Bavardage, Other APAC, US  /  No Comments

Delhi-based sustainability advisory firm cKinetics has acquired carbon market news and data platform CaliforniaCarbon.info, Carbon Pulse has learned.

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NZ Market: NZUs extend losses as profit-taking, panic-selling continue

Published 09:01 on February 14, 2020  /  Last updated at 00:29 on February 15, 2020  /  Asia Pacific, New Zealand  /  No Comments

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.

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Terra Carbon secures vast majority of latest Australian offset issuance

Published 09:49 on February 13, 2020  /  Last updated at 18:13 on February 13, 2020  /  Asia Pacific, Australia  /  No Comments

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.

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SK Market: KAUs climb to 6-week high as auction fetches bumper prices

Published 09:43 on February 12, 2020  /  Last updated at 18:15 on February 12, 2020  /  Asia Pacific, South Korea  /  No Comments

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.

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NZ Market: Profit-taking pulls NZUs to 2-month low

Published 09:40 on February 12, 2020  /  Last updated at 18:11 on February 12, 2020  /  Asia Pacific, New Zealand  /  No Comments

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.

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Australia’s industrial emissions rise unabated under weak Safeguard Mechanism, analysts say

Published 02:47 on February 12, 2020  /  Last updated at 16:23 on February 12, 2020  /  Asia Pacific, Australia  /  No Comments

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.

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Gucci buys half a million forest carbon credits from Cambodia

Published 09:14 on February 11, 2020  /  Last updated at 22:03 on February 11, 2020  /  Asia Pacific, International, Other APAC, Voluntary Market  /  No Comments

Italian luxury clothing and accessory brand Gucci has bought 500,000 forestry carbon credits from Cambodia, local media reported, citing a government spokesperson.

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Independent MP floats plan to end Australia’s climate policy paralysis

Published 05:56 on February 10, 2020  /  Last updated at 19:56 on February 14, 2020  /  Asia Pacific, Australia  /  No Comments

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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