VCM Report: VER bull run storms ahead, CME logs inaugural trades of nature-based offset futures
Voluntary emissions reduction (VER) prices across multiple product categories in the voluntary carbon market (VCM) extended record highs this week, as CME Group’s nature-based carbon offset futures contract transacted for the first time on Monday.
Read MoreAustralia Market Roundup: Regulator hands out 430,000 ACCUs, as govt secures path to fund CCS, soil carbon
The Clean Energy Regulator has issued more than 430,000 new carbon credits this week, while the government on Friday said it has introduced regulations that ensure it can use the renewable energy agency ARENA to fund new technologies, including offset-eligible CCS and soil carbon.
Read MoreRenewable Energy Hub launches carbon, clean energy trading platform
Melbourne-based Renewable Energy Hub is launching a new OTC-based trading platform for carbon and clean energy products, it announced Friday, offering a range of compliance and voluntary instruments primarily targeting the Asia-Pacific region.
Read MoreMitsubishi takes stake in Australian offset developer
Japan’s Mitsubishi Corp. has taken a 40% stake in an Australian developer of nature-based carbon credits, it announced Thursday, further extending the conglomerate’s growing involvement in voluntary emissions markets.
Read MoreOil and gas majors stoke Australian offset demand, analysts say
Large oil and gas companies are behind most of the recent increase in demand for Australian carbon credits, which has seen prices rise by more than a quarter this year, according to analysts.
Read MoreVCM Report: VERs steady on upward path, as developers forgo forward contracts
Voluntary carbon market prices for nature- and non-nature-based credits rose once again this week, as project developers began shifting back to spot voluntary emissions reduction (VER) deals rather than forward contracts.
Read MoreAustralia Market Roundup: Tasmanian project earns big ACCU batch, as govt plans new offset methods
A native forest protection projection in Tasmania has secured the biggest share of the latest batch of newly issued Australian Carbon Credit Units (ACCUs), while the federal government on Monday invited public input on potential new project types for the offset market.
Read MoreTrading house opens Singapore carbon desk, former Shell traders join
A major Dutch-headquartered firm has become the latest trading house to expand its emissions business to the Asia-Pacific region, with at least two carbon traders joining from Shell.
Read MoreAustralian, Japanese firms to explore offset-backed ammonia from natural gas
Australia’s Woodside and a quartet of Japanese companies are exploring the possibility of using Australian natural gas to produce ammonia for the Japanese market, with associated CO2 emissions to be offset from CCS or bio-sequestration projects.
Read MoreGlencore sets up Asian carbon desk, hires ex-BP traders
Commodity trading house Glencore has set up an emissions desk in Singapore, with a former BP carbon trader heading up operations.
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