Australia Market Roundup: Veolia earns large ACCU batch, as govt moves to pilot farmers’ nature scheme
Environmental firm Veolia took the lion’s share of this week’s carbon credit issuances in Australia, while the government is piloting a scheme that will offer farmers additional revenue for biodiversity gains achieved through carbon offset projects.
Read MoreCarbon Pulse strengthens unrivalled voluntary markets coverage with expert ‘Net Zero’ hire
(Free read) – Carbon Pulse has significantly strengthened its unrivalled voluntary markets coverage by hiring one of the longest serving environmental journalists on the beat and a world renowned expert in the role of forestry and other land uses in combatting climate change.
Read MoreStrong rebound risks cancelling out COVID-era emissions drop -IEA
A strong China-led rebound from last year’s coronavirus restrictions pushed global energy-related CO2 emissions above historical levels towards the end of 2020, International Energy Agency (IEA) data showed Tuesday.
Read MoreVCM Report: VER prices resume bullish 2021 path as first GEO futures trade
Voluntary emission reduction (VER) values trended higher this week as the first Global Emissions Offset (GEO) futures contracts transacted on Monday, while elevated interest in North American forestry and other project types provided a further boost.
Read MoreAustralia Market Roundup: Regulator issues 536,000 offsets as govt launches CCS fund
Australia’s Clean Energy Regulator has issued well over half a million carbon credits over the past week but revoked two projects, while the government on Monday launched its A$50 million ($39 mln) carbon capture development fund.
Read MoreWorld’s climate pledges falling far behind target, UN report shows
Despite some positive developments, nations’ pledges to beef up climate action fall far short of what is needed to limit global warming to 1.5C, a UN report showed on Friday.
Read MoreBrussels launches research project on certification system for carbon removals
The European Commission has launched a year-long project assessing options to introduce an EU system for certifying carbon removals, inspired by existing carbon standards.
Read MoreAustralia’s biggest emitters see slight drop in GHG output
Facilities covered by Australia’s National Greenhouse and Energy Reporting (NGER) scheme saw a 3% year-on-year drop in their GHG output for FY2019-20, with utility AGL remaining the nation’s biggest emitter by far at more than twice the amount than the next on the list.
Read MoreAustralia Market Roundup: Regulator nears 90 mln issued ACCUs as prices remain near multi-year high
Australia’s Clean Energy Regulator has issued over 180,000 carbon credits in its latest round, as secondary market offset prices remain stable after earlier this month hitting their highest since the dismantling of the carbon pricing mechanism.
Read MoreVCM Report: Market participants eye voluntary demand for California offsets
Voluntary emissions reduction (VER) values remained firm this week on persistent demand, while traders and project developers assessed whether more California compliance offset projects may seek higher values in the voluntary carbon market (VCM) going forward.
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