Australian banana plantation project earns Verra plastic credits
A plastic removal project at a banana plantation in northern Queensland, Australia this week was registered under Verra’s plastic programme and became the second project to receive its WCC plastic credits.
Read MoreAustralia Market Roundup: ASIC touts progress in combatting greenwashing, ACCU price slips
The Australian Securities and Investment Commission (ASIC), the nation’s stock market watchdog, has highlighted the need for transparency, as it seeks to clamp down on greenwashing by corporate entities, while the price for Australian Carbon Credit Units has fallen.
Read MoreAustralia’s Victoria state sets 2035 emissions reduction target, net zero by 2045
The Australian state of Victoria on Tuesday pledged to cut its greenhouse gas emissions by 75-80% below 2005 levels by 2035, on the way to net zero emissions by 2045.
Read MoreAustralia to consult on offshore CCS potential, as oil and gas industry want more support for carbon removal tech development
Australia will soon hold a consultation on offshore CCS acreage in the country’s waters, as its resources minister told an oil and gas conference Tuesday that the government supports the development of CCS, but without promising any direct financial support.
Read MoreAustralian agtech companies form carbon data development partnership
Two Australian agricultural tech companies are partnering to use 3D-modelling they say will increase transparency in the country’s carbon market, they announced Monday.
Read MoreAustralia opens new ERF exit window for ACCU contract holders
Australia has opened a third pilot exit window for carbon abatement contract (CAC) holders with the Emissions Reductions Fund (ERF) to sell their Australian Carbon Credit Units (ACCUs) on the secondary market, the Clean Energy Regulator announced Friday.
Read MoreNatural Carbon appoints new director, Viridios taps new heads of market, policy
Australian carbon project developer Natural Carbon has appointed a new director of carbon markets, while fintech company Viridios has added a new head of policy and market development and head of legal policy to its ranks, the companies announced.
Read MoreAustralia to finance Article 6 demonstration carbon credit projects under IPCOS, action plan says
Australia will fund demonstration Article 6 eligible carbon credit projects in Papua New Guinea as part of the Indo Pacific Carbon Offset Scheme (IPCOS), although the government has said it will only focus on capacity building in the initial phase of the scheme, Carbon Pulse has learned.
Read MoreAU Market: ACCU price flat as industry body calls on govt to provide clarity on market to-do list
The Australian Carbon Credit Unit (ACCU) price has been trading largely sideways for the better part of a month, as an industry body urged the government to provide detail on key policy decisions facing the market.
Read MoreUPDATE – Australia commits cash to ACCU reforms, but Clean Energy Regulator funding declines in latest budget
Australia has committed cash in its latest budget to ensure the recommendations of the independent review into its carbon market are carried out alongside a raft of investments in hydrogen and electrification, touting its goal to turn the country into a renewable energy superpower.
Read More