Australia 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 MoreAustralian bank cuts fossil funding, but accused of leaving “giant” loophole
The third Climate Report released Thursday by one of Australia’s top four banks showed it has cut more money for fossil fuels developers, but an activist shareholder group said it still has loopholes.
Read MoreAU Market: ACCU volumes surge as options drive derivatives market
Volumes in Australia’s compliance credit market are on track to beat last year’s by more than a third, and in October recorded its third-highest amount of trade of any month at 3.6 million Australian Carbon Credit Units (ACCUs), according to a report released Thursday.
Read MoreAU Market: ACCUs breach A$40, continue upward as host of factors puts fire under the market
Spot Australian Carbon Credit Units (ACCUs) on Tuesday burst through the A$40 ($26.40) mark, trading as high as A$40.75 – a 4.5% increase on the previous day’s closing price – amid bullish sentiment.
Read MoreSecond Australian CBAM consultation considers starting with cement, lime, and clinker
Sectors including cement, lime, and clinker would likely be the first to be covered under an Australian Carbon Border Adjustment Mechanism (CBAM), according to a government paper published Friday, though no final decisions have been taken.
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