Australia could see big cut in emissions by decarbonising three exports -report
Australia could see a huge export boon and get closer to its targeted 43% drop in emissions by 2030 via investing to green three iron, ammonia, and aluminium, according to a report released Tuesday.
Read MoreIndonesia carbon exchange holds first day of trading
Indonesian President Joko Widodo launched the country’s national carbon exchange on Tuesday, as market observers say it will likely be primarily used by domestic players initially with several barriers to limit international interest for now.
Read MoreVCM Report: Bounce in V18 standardised REDD contracts masks moribund market
A slight price recovery in nearby futures for REDD avoided deforestation credits over the past week provided one of the few bullish signs for the voluntary carbon market (VCM), which remains in limbo while the first badges of integrity are readied by the cross-stakeholder body ICVCM and faces increasing competition from the rise of Paris Agreement-approved units.
Read MoreSouth Korea formalises Paris partnerships with Vietnam, Uzbekistan, contracts new projects
South Korea on Monday formalised its Article 6.2 partnership agreements with Vietnam and Uzbekistan, and signed contracts for four new projects that will generate more than 10 million international carbon credits under the treaty.
Read MoreIndian carbon developer sees share value drop after posting quarterly losses
An Indian carbon project developer on Monday saw its share value drop by 10% on the BSE after posting $4 million in losses in the June quarter.
Read MoreJapan, Malaysia eye 2028 start for CCS partnership
Japan will start talks with Malaysia to store its captured CO2 in the Southeast Asian country from 2028 as part of Tokyo’s broader decarbonisation strategy, Nikkei has reported.
Read MoreTraders hoard ACCUs as secondary market activity surges, regulator report shows
Traders and brokers have increased their holdings of Australian Carbon Credit Units (ACCU) by some 20%, a regulator report shows, in anticipation of a tightening market following the recent Safeguard Mechanism reforms.
Read MoreAustralia Market Roundup: Soil carbon project generates nearly 100,000 ACCUs
Three soil carbon projects have been issued close to 100,000 Australian Carbon Credit Units (ACCUs), with one of them receiving almost the entire amount, according to the Clean Energy Regulator’s latest update Monday.
Read MoreModi govt looking at ways to keep CBAM fees in India
Indian government officials are considering taxing exporters to the EU for their carbon content to ensure that costs tied to the Carbon Border Adjustment Mechanism (CBAM) stay in India, according to media reports.
Read MoreNZ Labour vows to set gross emissions targets, develop VCM framework, if it wins election
New Zealand’s Labour party will set separate targets for gross emissions reductions and CO2 removals, limit exotic afforestation, and develop a regulatory framework for the voluntary carbon market if it returns to government at next month’s elections, it announced Monday.
Read More