Australia releases updated environmental plantings method
Australia on Wednesday released the updated method for generating carbon credits from environmental plantings, replacing the previous version that expired in September.
Read MoreCOP29: BRIEFING – Decision on COP31 host likely to be delayed, as Australia continues push
The decision on whether to host COP31 in Turkiye or Australia has reached an “impasse”, according to observers, as both countries continue to promote themselves as prospective hosts for the 2026 annual UN climate summit.
Read MoreAustralia reviews carbon offset auditing mechanism
Australia’s Clean Energy Regulator has launched a consultation process for a new carbon offset project auditing mechanism, including the option to ease auditing requirements for small projects.
Read MoreAustralian oil major sets 2040 carbon storage target
Oil and gas major Santos has set a target to build and operate a commercial carbon storage business that would permanently store around 14 million tonnes of third-party CO2 per year by 2040.
Read MoreAustralia Market Roundup: Some 800K ACCUs issued as spot price continues to climb
Spot market Australian Carbon Credit Unit (ACCU) prices surged on Monday, as the Clean Energy Regulator issued some 800,000 units.
Read MoreAU Market: ACCU price hits A$42 amid accelerating demand, supply concerns
Australian Carbon Credit Unit (ACCU) prices on the secondary market have surged to A$42 ($26.55), as buying activity continues to ramp up by facilities covered under the Safeguard Mechanism ahead of the March deadline.
Read MoreAustralia to extend wastewater ACCU method
Australia this week launched a consultation on extending by five years the crediting period for non-biomethane wastewater projects, which had been set to expire in March next year.
Read MoreBlue carbon credits to help bolster Australian coastal ecosystem restoration project
Australia’s Clean Energy Regulator has registered the nation’s second blue carbon project, which restores and enhances blue carbon ecosystems at a site that is part of a vast network of crucial habitats for migratory birds across East Asia and the Pacific.
Read MoreGermany’s Pyreg takes biochar tech ‘down under’ via partnership
German technology firm Pyreg, which specialises in carbonising organic waste into biochar and renewable energy, is set to make its debut in Australia through a collaboration with the North West Hub Alliance, an infrastructure group involving John Holland, KBR, and Stantec.
Read MoreANALYSIS: London Protocol amendment ratification takes effect in Australia, allowing for transboundary CCS
Australia’s ratification of a key amendment to the London Protocol went into effect Thursday allowing the shipping transport of CO2 between nations, meaning its plans to become a regional hub for an emerging carbon capture and storage (CCS) industry is one step closer, but more is needed to provide the kind of policy certainty that secures investment and carbon markets are seen unlikely to play a material role in financially de-risking projects.
Read More