Bank raises short-term ACCU price forecast
One of Australia’s “big four” banks has raised its price forecast for Australian Carbon Credit Units (ACCUs) thanks to increasing demand and smaller than expected issuance.
Read MoreAustralia on track to meet climate targets, as nature reform laws stall again
Australia will meet its 2030 climate targets to cut emissions 43% below 2005 levels by 2030, according to fresh analysis by the government, while efforts to pass a bill on the country’s nature reforms have been put on hold again.
Read MoreAU Market: Activity, prices soften as updated landfill gas method expected to be signed by year’s end
Activity in the Australian Carbon Credit Unit (ACCU) market has slowed, according to analysis published Monday, while a waste operator told shareholders it expected the updated landfill gas methodology will be finalised by the end of the calendar year.
Read MoreCOP29: Reactions to the new Baku Finance Goal, Article 6 deal
Here are selected party, stakeholder, and expert reactions to the New Collective Quantified Goal on climate finance (NCQG), dubbed the Baku Finance Goal, as well as the agreement on Article 6 reached at the COP29 climate summit, which wrapped up early Sunday.
Read MoreCOP29: Fiji unveils carbon market strategy roadmap
Fiji’s government on Thursday published its National Carbon Market Strategy Roadmap, which lays out key considerations and next steps to develop emissions reduction projects in the country using market-based mechanisms.
Read MoreWestern Australia releases CCUS action plan, allocates $17 mln for two major projects
Western Australia on Thursday announced the state’s inaugural action plan for carbon capture, utilisation, and storage (CCUS), pledging to spend A$26 million ($17 mln) towards two CCUS projects.
Read MoreAustralia 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.
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