Australia Market Roundup: Local survey sees ongoing optimism and concerns around carbon farming
A community survey in southwest Queensland has provided divergent results on the views of carbon farming, with concerns expressed not entirely aligned with the findings suggested.
Read MoreCoal mine expansions jeopardise NSW climate targets, Net Zero Commission warns
The expansion and extension of coal mines in Australia’s most populous state is undermining its ability to achieving its ambitious emissions reduction targets, according to the newly-established Net Zero Commission (NZC).
Read MoreACCU price expected to more than double over the next the next decade, survey finds
The price of an Australian carbon credit is set to more than double in the next decade, a majority of business owners surveyed believe.
Read MoreAustralian law firm ordered to pay A$9 mln in court costs after losing pipeline case
A law firm that took on one of Australia’s largest oil and gas companies has been ordered to pay its legal costs of over A$9 million ($5.84 mln) after it lost the case.
Read MoreSafeguard facilities should publish 5-year compliance strategies, Climate Change Authority says
Industrial facilities covered under the Safeguard Mechanism should report rolling 5-year compliance strategies, the Climate Change Authority (CCA) said Thursday, as it urged all sectors, with electricity in the lead, to cut emissions faster to meet Australia’s climate targets.
Read MoreAustralia launches new registry for carbon, biodiversity units
Australia’s Clean Energy Regulator has launched the first stage of its new Unit and Certificate Registry, designed to house various unit types for the government’s climate and environmental crediting schemes.
Read MoreFEATURE: Dutch firm eyes branching out with army of tree-seeding robots
A Dutch nature restoration company aims to improve the scalability of reforestation with a fleet of tree-seeding robots that could help national tree-planting schemes.
Read MoreBank raises short-term ACCU price forecast
One of Australia’s “big four” banks has raised its price forecast for Australian Carbon Credit Units (ACCUs) thanks to increasing demand and smaller than expected issuance.
Read MoreAustralia on track to meet climate targets, as nature reform laws stall again
Australia will meet its 2030 climate targets to cut emissions 43% below 2005 levels by 2030, according to fresh analysis by the government, while efforts to pass a bill on the country’s nature reforms have been put on hold again.
Read MoreAU Market: Activity, prices soften as updated landfill gas method expected to be signed by year’s end
Activity in the Australian Carbon Credit Unit (ACCU) market has slowed, according to analysis published Monday, while a waste operator told shareholders it expected the updated landfill gas methodology will be finalised by the end of the calendar year.
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