BRIEFING: Japan using glut of gas to spread influence in Southeast Asia at expense of climate, critics say
Japan is using its excess volumes of LNG to shape, and in many ways slow down, the energy transition in Southeast Asia, by financing gas infrastructure abroad and promoting transboundary CO2 markets as a decarbonisation solution that critics say is yet-to-be-proven and unrealistic.
Read MoreAustralian carbon aggregator, project developer lays off staff
An Australian carbon credit provider has gone through a round of redundancies as part of an organisational restructure, Carbon Pulse has learned.
Read MoreAustralia confirms GHG reporting rule changes that think tank says could cover up millions of tonnes of coal mine emissions
Australia has announced updates to national greenhouse gas reporting rules that a climate think tank warns will let coal companies dramatically under-report their emissions and undeservedly be issued Safeguard Mechanism Credits (SMCs).
Read MoreAustralian govt introduces Future Made, beefed up ARENA legislation to parliament
The federal government introduced its Future Made in Australia legislation to parliament Wednesday, designed in part to unlock some A$22.7 billion ($15.1 bln) in public funding over the next decade to drive investment into industries that will transition the country to net zero emissions and, the government hopes, turn it into a renewable energy superpower.
Read MoreSurvey of Australian biodiversity offset sites finds 30% in worse condition than before
A study commissioned by the Australian government on its biodiversity offset sites has found that 30% of the areas surveyed were in worse condition than before the projects started, and found missing, incomplete, and incorrect information in many of the projects’ documentation.
Read MoreGermany’s coal phaseout auction sets example for cost-effective early retirements, study finds
The results of the world’s first coal phaseout auction, carried out in Germany, suggest that it is a transparent and potentially cost-effective way to push fossil power plants into early retirement, according to research published on Tuesday.
Read MoreACCU price forecast to hit A$42 by next year’s compliance deadline, as demand to structurally increase over time, outlook says
An outlook on Australia’s carbon market has forecast credit prices to rise above A$40 ($26.71) by the time the first surrender period under the reformed Safeguard Mechanism rolls around next year and that the scheme means demand will structurally increase as time goes on.
Read MoreAustralian cookstove project developer raises $3.75 mln from investors
A project developer that seeks to decarbonise cooking with the use of smart stoves has raised $3.75 million in its Series-A round.
Read MoreSafeguard Mechanism lays the foundation for Australia’s decarbonisation, but policy misalignment underlines uncertainty, panel hears
Australia’s reforms to the Safeguard Mechanism have been the lynchpin in driving “overwhelming” interest and activity in the country’s carbon market and has spurred some participants to begin to plan their decarbonisation journey, but key questions hang over other parts of the government’s climate agenda.
Read MoreAustralia Market Roundup: ACCU prices stable as traders speculate on Safeguard demand, issuance drops
Spot prices for Australian Carbon Credit Units (ACCUs) have traded sideways for much of the past three months, with traders speculating that many facilities covered under the Safeguard Mechanism have already acquired all the credits they need to meet their obligations, at least for the first few years.
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