Australia Market Roundup: NSW extends the life of country’s biggest coal-fired power station, ACCU issuance slumps
The New South Wales state government has struck a deal with Origin Energy to push the closure date of the Eraring coal-fired power station back by two years due to grid reliability and security concerns.
Read MoreFEATURE: World governments split on how to regulate voluntary carbon credits
Governments are classifying voluntary carbon credits (VCCs) in diverse ways, often disagreeing on whether they are financial products, fragmenting voluntary carbon market (VCM) regulation.
Read MoreAustralian conference holds record buy side, emitter attendee numbers
Carbon credit buyers have been few and far between at conferences in recent years, but the Carbon Farming Industry Forum in Cairns this week hosted a record number, and percentage, of attendees on the buy side, demonstrating confidence in the Australian market, attendees told Carbon Pulse.
Read MoreProponents steam ahead to submit ACCU method proposals by July deadline, conference hears
Market participants are scrambling to submit methods to develop Australian Carbon Credit Units (ACCUs) to the government’s interim process, as Canberra itself is still finalising methods that have been in the works for a long time.
Read MoreAustralian Nature Repair Market to launch in January with first method, official says
Australia will release the first Nature Repair Market methodology in January, a government official said Wednesday, officially kicking off the world’s first government-regulated voluntary biodiversity credit market.
Read MoreAustralia opposition party’s lack of stance on Safeguard Mechanism causing headaches for investors, participants
Australia’s opposition Coalition needs to make its stance on the Safeguard Mechanism clear in order to provide stability and confidence for participants and investors, a conference heard Tuesday.
Read MoreConsent and engagement must be ongoing, First Nations people say of carbon projects
Traditional Owner consent for a carbon project in Australia shouldn’t be a one-time event but an ongoing process where consent is asked for and given “again and again”, a conference in Cairns heard Tuesday.
Read MoreAustralia’s biggest CRC looks to help agriculture sector reach net zero
An Australian research group will begin receiving A$87 million ($57 mln) in federal government funding in July as part of efforts to transition the country’s agriculture sector to net zero emissions, a conference heard Tuesday.
Read MoreAustralia launches interim process for ACCU method proposals
The Australian government on Tuesday put the call out for expressions of interest (EOI) for market participants to propose methodologies to generate Australian Carbon Credit Units (ACCUs), in line with recommendations of the Chubb Review.
Read MoreAustralian jurisdictions improving on carbon markets, but work still needed, report says
Queensland maintains Australia’s best regulatory framework for carbon markets and project developers and the Northern Territory the worst, although all jurisdictions have room for improvement, according to an annual survey released Tuesday.
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