CN Markets: CEA price touches all-time high as expectations remain optimistic
Chinese carbon prices reached a new high this week despite a lack of substantial compliance demand, as optimistic expectations about policy updates continue to buoy the market.
Read MoreUS-led Indo-Pacific initiative plans Article 6 collaboration, weighs big spending on carbon removals
The Indo-Pacific Economic Framework (IPEF), spanning 13 countries across the region and the US, has penned a Clean Economy Agreement (CEA) that involves collaboration on the Paris Agreement’s Article 6 and potential spending of as much as $10-15 billion on carbon removals this decade.
Read MoreGerman chemicals giant to support rice-based carbon credit creation in Japan
A subsidiary of a German chemicals manufacturer will work with two project developers to promote its crop cultivation management software, which can simplify the process of creating carbon credits under Japan’s domestic offset scheme.
Read MoreMajor Japanese gas supplier to fund early-stage nature-based projects
One of Japan’s largest gas suppliers has joined hands with a tech consultancy to provide early-stage financing for nature-based voluntary projects, as part of its credit purchase strategy for carbon neutral products.
Read MoreSafeguard Mechanism’s cost containment measure unlikely to be needed, will stifle innovation, outlook says
The cost containment measure (CCM) function under Australia’s reformed Safeguard Mechanism is unlikely to be needed and its purpose should be addressed, according to analysis released Friday.
Read MoreIndian exchange to roll out trading in the domestic emissions scheme in 2025
One of the three exchanges planning to host trading of carbon allowances under India’s emissions trading scheme expects to launch the emissions market in the second quarter of the 2025 financial year after the government finalises regulations, and roll it out across states gradually, local media reported.
Read MoreAustralian govt suggests offering ACCUs to biomethane producers as a way to incentivise investment
Biomethane producers could earn Australian Carbon Credit Units (ACCUs) as a way to attract finance and investment in decarbonising hard-to-abate sectors, according to a government discussion paper, however cost and lack of current demand could prove challenging.
Read MoreNZ minister walks back Significant Natural Areas announcement after deemed unlawful
Just one day after it announced local councils would no longer have to comply with Significant Natural Areas (SNAs) considerations, the New Zealand government has had to retract its announcement after realising it would be unlawful to do so.
Read MoreResearchers develop method to measure carbon stored in bogs, may support wider peatland restoration efforts
A group of researchers in Singapore have developed a methodology to measure carbon stored in bogs using satellite data, which may serve as a foundation for successful restoration of damaged peatlands, they said Thursday.
Read MoreINTERVIEW: Carbon royalties for state, market exposure for communities would help Article 6 succeed -developer
Allowing governments access to a portion of the credits from carbon projects they host, and giving communities greater exposure to markets, would help Article 6 to get off the ground, according to a project developer.
Read More