Singapore’s share of ACCU holdings grow due to intermediaries, regulator says
Singapore-based intermediaries have a growing presence in Australia’s carbon market, according to data published by the Clean Energy Regulator, largely due to surrendering credits on behalf of clients.Â
Read MoreAustralia’s battery boom helps set record renewable rollout, govt says
Rooftop renewable energy installations have reached record levels in the first quarter of the year, aided with the globally significant rollout of batteries across the country, according to a report from the Clean Energy Regulator, published Wednesday.
Read MoreNew Zealand climate commission consults on emissions advice update following methane target weakening
New Zealand’s Climate Change Commission (CCC) is seeking feedback on how to update its advice on the country’s fourth emissions budget, covering 2036-40, following last year’s lowering of the biogenic methane target, it said on Wednesday.
Read MoreDisturbed peatlands release millennia-old carbon, study finds
Drainage and repeated fires released large stores of ancient carbon from tropical peatlands in Indonesia over less than two decades, with the estimated loss reaching 30-41 kg of carbon per square metre of affected peatland, researchers have found.
Read MoreCarbon market maker eyes superpollutant credits in partnership with ratings agency
A carbon removal market maker is partnering with a ratings agency as it expands its purchasing into the “ugly ducklings” of the carbon market – superpollutant credits, which it says are vital to averting imminent climate tipping points, the two announced on Tuesday.
Read MoreCarbon removals vulnerable to uncertain demand, concentration -report
Concentration among a handful of buyers, weakening prices, and policy uncertainty are threatening the scale-up of carbon removal (CDR) despite recent growth in the sector, according to a report released on Tuesday.
Read MoreIndia seeks feedback on additional carbon credit methods
India has opened a public consultation on two additional draft methodologies under the offset mechanism of its Carbon Credit Trading Scheme (CCTS), looking to expand the range of activities that could generate carbon credits.
Read MoreChina releases accounting guidelines for non-fossil electricity consumption
Chinese regulators have issued new guidelines for accounting non-fossil fuel electricity consumption, aiming to establish a unified framework and provide a foundation for achieving the country’s dual-carbon targets.
Read MoreAustralia proposes 100‑year permanence rule for biodiversity projects
Australia has released an updated draft scope for the Protect and Conserve (P&C) method under the Nature Repair Market, proposing that projects commit to 100 years of permanence.
Read MoreBRIEFING: Proposed power to bar problem ACCU methods will undermine market confidence, consultation feedback claims
Australia’s proposed reforms to its carbon market have been broadly welcomed by groups as a long-awaited step towards shoring up integrity in the scheme, but some have urged parts of it to be scrapped, citing market confidence concerns.
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