VCM Report: Carbon credit trade picks up in OTC market and for futures
Gears are shifting in voluntary carbon market volumes despite prices of many of the standardised contracts flatlining at very low digit levels, sources told Carbon Pulse on Monday.
Read MoreAustralia Market Roundup: Govt-purchased ACCUs must maximise public value, conservation group says
A conservation group wants the Australian government to purchase Australian Carbon Credit Units (ACCUs) that consider environmental, social, and cultural co-benefits, rather than lowest cost abatement, it said in a recent submission.
Read MoreAustralian carbon markets participants lift their game, conduct review says, but work needed on First Nations engagement
A yearly review into Australia’s carbon industry has found a growing number of participants are meeting full compliance status, but there is room for improvement on how the sector engages with First Nations groups.
Read MoreLatest Green Climate Fund raise surpasses $9 bln as multiple donors announce summit pledges
The UN’s Green Climate Fund (GCF) has secured $9.3 billion in pledges across 25 countries with a large proportion announcing cash at a high-level event in Germany on Thursday, though the total remains below each of the previous two fundraises.
Read MoreGreenCollar issues first NaturePlus credits, releases details on standard
Almost a year after the scheme was officially launched, Australian carbon project developer GreenCollar has announced the very first issuance of its NaturePlus Credits, which it hopes to establish as a leading global biodiversity credit type.
Read MoreICVCM names new CCO as McDonnell joins Australian insurance giant
The private sector-led Integrity Council for the Voluntary Carbon Market has named a new interim COO to succeed William McDonnell, who will join Insurance Australia Group as its new CFO.
Read MoreInternational pension funds acquire Tasmanian forestry plantation
A group of pension funds announced Thursday an acquisition of a 170,000-hectare plantation forestry estate in Tasmania, Australia from a global forestry group.
Read MoreAustralia to rejoin Green Climate Fund
The Australian government has decided to rejoin the Green Climate Fund and will make a “modest” contribution toward it, which will be announced at the end of the year, an official told Carbon Pulse.
Read MoreContradictions in Australia’s Safeguard Mechanism could make coal miners money -report
Australia’s open cut coal mines could receive a cash windfall in coming years as Australia’s reformed Safeguard Mechanism will let them generate credits under the scheme, a report said Wednesday.
Read MoreAustralia Market Roundup: Fortescue leads $380 mln US hydrogen company capital raise, ACCU issuance falls
Australian mining and energy company Fortescue has taken the lead investor role in a $380 million Series C capital raise by a US-based hydrogen company, as the issuance of Australian Carbon Credits Units (ACCUs) fell over the past week.
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