Australian state moves to end native logging
The state government in Victoria in Australia on Tuesday announced its local logging industry will shut down at the end of the year, six years earlier than planned.
Read MoreIPCOS Article 6 demonstration projects should use existing projects, methods, market participants say
Australian-funded Article 6 demonstration projects under its Indo-Pacific Carbon Offset Scheme (IPCOS) should make a point to use established projects, operators, and methodologies, in order to keep community needs in focus, voluntary market participants told a conference Tuesday.
Read MoreAustralia to consult on how carbon project proponent-led method process, integrity body will work, govt official says
Australia will soon consult on how the proponent-led carbon project method development will work and what role the market’s new integrity body will play in that process, as it seeks to implement the reforms of the recently held offset market review.
Read MoreSafeguard mechanism to drive ACCU demand, but supply crunch is coming, market analyst warns
Facilities covered under Australia’s Safeguard Mechanism are likely to hoard below baseline credits until they at least match the price of Australian Carbon Credit Units (ACCUs) later in the decade, a market analyst told a panel discussion Monday.
Read MoreACCU issuances from Australia’s biggest project type drop to zero
Some 180 human-induced regeneration (HIR) projects have had their Australian Carbon Credit Unit (ACCU) issuances put on hold since January after the Clean Energy Regulator (CER) began implementing the recommendations from the Chubb review.
Read MoreAustralia to launch A$20 mln carbon outreach programme, as govt, regulator outline market reform progress
The Australian government will launch a new grants fund programme focussed on improving transparency and capacity in its carbon market, as the government and the Clean Energy Regulator detailed how it was progressing on key reforms.
Read MoreAustralian industry body marks overall progress in annual carbon scorecard, but warns of challenges ahead
An Australian carbon industry body has hailed the nationwide progress of federal, state, and territory governments on supporting the market’s development, while outlining the challenges ahead as the sector evolves.
Read MoreAustralia launches offshore CCS consultation on 10 acreage blocks
The Australian government has released a public consultation on its next release of offshore areas for greenhouse gas storage, in order to gain an understanding of its potential impacts.
Read MoreLandscape monitoring tech company raises $9 mln in Series A funding round
A natural capital tech company has successfully raised $9 million from a Series A funding round, as it looks to expand its global operations and customer base.
Read MoreAustralia’s Climate Change Authority launches consultation on 2035 NDC, carbon farming rules
Australia’s Climate Change Authority (CCA) has begun consulting on developing the country’s 2035 emissions reduction target, its climate advice to government, and reviews on the country’s emissions reporting and carbon farming rules, releasing an issue paper Thursday on the key themes it will consider.
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