AU Market: ACCUs slide to 4-mth low as election uncertainty rattles the market
Australian Carbon Credit Unit (ACCU) prices recovered slightly Wednesday after hitting a four-month low Tuesday, with the lead up to the next federal election and bearish signals affecting market sentiment.
Read MoreAustralia’s CER opens consultation to ease audit burden for smaller ACCU developers
Australia’s Clean Energy Regulator (CER) on Wednesday opened its draft Audit Thresholds Instrument 2025 for Australian Carbon Credit Units (ACCUs) for consultation.
Read MoreWoodside reports net emissions drop, as it expands South American carbon project
Australian oil and gas producer Woodside Energy says it has reduced its net emissions in 2024 compared to its baseline even as its overall gross emissions rose, as the company expanded a carbon credit project in South America.
Read MoreSouth Australia puts first Biodiversity Act out for consultations
The government of South Australia (SA) has opened public consultations on the draft text of the state’s first Biodiversity Act aimed at enhancing nature protection, including through establishing conservation targets and increasing penalties for environmental crimes.
Read MoreAustralia more than doubles annual land clearing rate in 2024, analysis finds
The Australian government approved the clearing of more than 25,000 hectares of threatened species habitat in 2024, more than double compared to the previous year, according to an analysis published Tuesday.
Read MoreAustralia’s CEFC, Rabobank commits A$200 mln to environmental plantings project developers
The Clean Energy Finance Corporation (CEFC) has announced a programme with Rabobank Australia to commit A$200 million ($124 mln) to help reduce upfront costs of environmental plantings carbon projects in the country.
Read MoreBlue hydrogen too costly to make green steel -report
Using blue hydrogen in new forms of lower-emissions steelmaking instead of green will not have the same level of environmental benefits and will ultimately cost more money, according to a report released this week.
Read MoreAustralia announces A$2 bln green aluminium production credit scheme
Australia is putting A$2 billion ($1.24 bln) behind a green aluminium industry that will use clean energy rather than coal in the production process, offering credits to smelters under a 10-year plan.
Read MoreAnalysts predict big 2025 ramp-up for CCUS
The world looks close to adding 20% new carbon capture utilisation and storage (CCUS) capacity in 2025, a leading energy consultancy said this week, calling it the “largest annual increase to date”.
Read MoreNew Forests closes A$600 mln Australian, NZ landscape and forestry fund
Global forestry investment manager New Forests has announced the final close of its fund focussing on Australian and New Zealand forestry and landscapes, successfully raising A$600 million ($372 mln).
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